Amadeus IT Group S.A achieved an adjusted profit of €886.6 million in the first nine months of 2018. This represents growth of 5.1% compared to the same period last year. Amadeus’ revenue grew 4.6% to €3,683.8 million, while EBITDA increased 8.6% to €1,588.0 million.
First nine months of the year highlights
– Revenue increased 4.6%, to €3,683.8 million
– EBITDA grew 8.6%, to €1,588.0 million
– In the Distribution segment, travel agency air bookings grew 2.4% to 444.8 million
– In IT Solutions, Passengers Boarded increased 13.8% to 1,397.3 million
As part of our share repurchase program (announced in December 2017), at the close of September the company had acquired 4,114,744 shares for an amount of €262.3 million. This is part of the first tranche of the program (January 1, 2018 to March 31, 2019, non-cancellable) during which we will buy shares for up to €500 million.
Business highlights for the first nine months of the year
– Revenue increased 2.8% to €2,279.3 million
– Travel agency air bookings grew 2.4% to 444.8 million (8.0% excluding Western Europe)
Revenue growth was impacted by negative foreign exchange effects in the first nine months of 2018.
Asia & Pacific and North America continued to be our fastest growing regions for travel agency air bookings in the first nine months of the year.
Amadeus’ bookings in Western Europe declined over the period, impacted by the industry weakness and the slippage of market share at some European mid-size online travel agencies because of increased competition in the market. Excluding Western Europe, Amadeus bookings grew 8.0% in the first nine months of the year.
– Revenue grew 7.6% to €1,404.5 million
– Amadeus passengers boarded increased to 1,397.3 million, 13.8% more than in the same period of 2017
IT Solutions revenue increased by 7.6% in the first nine months of 2018, impacted by negative foreign exchange effects. Excluding that impact, growth was driven by the healthy performance of both Airline IT and our new businesses.
The implementations completed both in 2017 (including Southwest Airlines, Japan Airlines and Malaysia Airlines for Altéa, and Viva Air Perú and GoAir for New Skies) and in 2018 (Maldivian Airlines and Aeromar in Altéa) were the main drivers of growth in our passengers boarded, which increased 13.8% in the first nine months of the year. Organic growth of 7.8% also contributed to this positive performance.
International footprint continued to expand as, at the close of September, 59.9% of passengers boarded were generated outside of Europe.
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