Amadeus maintains its positive growth trend in the third quarter
The company recorded an adjusted profit of 886.6 million euros in the first nine months of 2018. This figure represents an increase of 5.1% compared to the same period of the previous year
The positive trajectory of Amadeus' distribution and technological solutions business supports the company's financial results during the first nine months of the year. Main data for the first nine months of the year:
- Revenue increased by 4.6% 1, to 3,683.8 million euros.
- EBITDA increased by 8.6% 2 to 1,588.0 million euros.
- In the distribution business, the number of air bookings made through travel agencies grew 2.4% to 444.8 million.
- In the technology solutions segment, the volume of passengers on board increased by 13.8%, to a total of 1,397.3 million.
Amadeus IT Group, S.A recorded an adjusted profit of 886.6 million euros in the first nine months of 2018. This figure represents an increase of 5.1% compared to the same period of the previous year. Ordinary revenues increased by 4.6% to 3,683.8 million euros, while EBITDA rose by 8.6% 1, reaching 1,588.0 million euros.
As in the first half of the year, in the third quarter, the evolution of the exchange rates between the dollar and the euro again had a negative effect on both revenues and EBITDA, although to a lesser extent than in the first two. quarters of the year. If exchange effects are excluded (mainly derived from the fluctuation of the exchange rate between the dollar and the euro compared to last year), revenues increased by 7.7% in the first three quarters of the year 1. Between January and September, EBITDA, excluding the application of IFRS 162 and currency effects (caused by the fluctuation of several currencies during the period), grew at a high single-digit rate and led to a slight expansion of the EBITDA margin. .