Amadeus grew two digits in 2019

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Amadeus grew two digits in 2019
Luis Maroto, Amadeus
Tue March 03, 2020

Revenue increased 12.8% to 5,577.9 million euros

 


Amadeus IT Group S.A. it maintained its positive financial evolution in 2019 thanks to the solid operating behavior of its businesses, especially that of technological solutions, to the consolidation of TravelClick (since October 4, 2018) and to a positive exchange rate effect. All these factors led to double-digit growth in both income and EBITDA, as well as an adjusted profit of 1,270.2 million euros, a figure that represents 13.4% 1 more than the previous year.

Luis Maroto, CEO of Amadeus, said: "Amadeus closed in 2019 another year of good growth. In the distribution business, we improve our market share in all regions, with the exception of Asia-Pacific. In the technology solutions segment , the volume of embarked passengers registered a favorable growth thanks to the latest client migrations. We also made progress in the hotel segment and continued to expand our presence in the area of ​​technological solutions for airports and payments. "

"Our business demonstrated resilience in 2019 thanks to constant innovation, diversification and the reinforcement of existing businesses. However, the coronavirus outbreak will affect our industry and our business in 2020, although it will lead to a subsequent upturn if we have in tell what happened in similar situations in the past". 

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