Amadeus maintains its positive growth
In the first nine months of the year, revenues increased 15.0%, reaching 4,236.6 million euros
Amadeus IT Group S.A. it maintained its positive financial evolution in the first nine months of the year thanks to the solid operating behavior of its distribution businesses and technological solutions, the consolidation of TravelClick (since October 4, 2018) and an impact of the positive currency exchange. These factors made it possible to achieve double-digit growth in both revenues and EBITDA, as well as an adjusted profit of 992.5 million euros, representing an increase of 11.9% 1 compared to the same period of the year previous.
Luis Maroto, CEO of Amadeus, commented: "Amadeus maintained its growth trend in the first nine months of the year and both revenues, such as EBITDA and adjusted profit registered double-digit increases. These positive financial results are supported by the favorable evolution of our diversification strategy, especially in the hotel sector, as well as the strength of our strategic segments ".
"In the distribution business, the evolution of our reserves was better than that of the industry thanks to the increase in market share in all regions except Asia-Pacific. In the technology solutions segment, we continue to support our customers with new alliances and solutions, such as the new agreement with Visa to offer secure payments to the travel industry or our passenger incident management solutions, which were hired by several airlines during the quarter".