Amadeus presents first half financial results
Business resilience and TravelClick consolidation drive double-digit growth
Amadeus IT Group S.A. maintained its positive growth trend in the first half of 2019 thanks to the solid operational evolution of its distribution businesses and technological solutions, the consolidation of TravelClick (since October 4, 2018) and the positive effect of exchange rates . These factors led to double-digit growth in revenues and EBITDA, while the adjusted profit increased by 9.9%, to 666.7 million euros, compared to the same period of 2018.
Luis Maroto, CEO of Amadeus, commented: "The resilience of our businesses has allowed us to maintain a strong growth trend during the first half despite the weakening of the travel industry. Amadeus' distribution and technology solutions businesses continued to grow Thanks to the expansion of our client base, we also recorded progress in our diversification strategy through the acquisition of TravelClick and ICM, which strengthens our presence and reach in the technology solutions segments for hotels and airports. international presence and the strong emphasis we put on technology investments, we can maintain this trend of positive growth".