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Amadeus revenue increases 6.6% in 2018

02/28/2019| 7:29:15 PM| 中文

Amadeus' adjusted profit grew 1.0% to €1,122.8 million, while EBITDA increased 9.7% to €2,040.6 million.

Amadeus IT Group S.A achieved an adjusted profit of €1,122.8 million in 2018, which represents growth of 1.0% compared to 2017 (or 6% excluding extraordinary tax adjustments in 2017).

Full year highlights (twelve months ended December 31, 2018)

– Revenue increased 6.6%, to €4,943.9 million

– EBITDA grew 9.7%, to €2,040.6 million

– In the Distribution segment, travel agency air bookings grew 2.1% to 580.2 million

– In IT Solutions, Passengers Boarded increased 11.9% to 1,853.9 million

Business highlights for the year

In 2018, revenue in our Distribution segment increased 2.8% to €3,004.3 million.

Travel agency air bookings grew 2.1% to 580.2 million (7.2% excluding Western Europe).

Amadeus continued to make good progress in Asia & Pacific and North America, in particular, which balanced the decline in Western Europe. In fact, excluding this region, Amadeus bookings grew 7.2% in 2018.

IT Solutions

The healthy progress of IT Solutions was a major driver of growth for Amadeus during 2018. Revenue in this segment grew 13.1% to €1,939.7 million, supported by a solid volume expansion in Airline IT and double-digit growth delivered by new businesses. Excluding the negative impact of exchange effects, IT Solutions revenue expanded at a low double-digit rate.

Airline IT 

Growth in this segment was supported by 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, S7 Airlines and Aeromar in Altéa, and KC International and Volaris Costa Rica in New Skies), as well as organic growth of 7.6%. Together, these contributed to an increase of 11.9% in passengers boarded last year, to 1,853.9 million. Amadeus’ international footprint is increasingly well balanced. At the close of the year, 60.3% of its passengers boarded were generated outside of Europe. Passenger growth in North America was particularly strong, of 39.9%, with Asia Pacific also growing at a double-digit rate, thanks to the implementations of Southwest Airlines, Japan Airlines and Malaysia Airlines, among others, in 2017.

Amadeus’ international footprint is increasingly well balanced. At the close of the year, 60.3% of its passengers boarded were generated outside of Europe. Passenger growth in North America was particularly strong, of 39.9%, with Asia Pacific also growing at a double-digit rate, thanks to the implementations of Southwest Airlines, Japan Airlines and Malaysia Airlines, among others, in 2017.

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