Published on : Monday, August 1, 2016
Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, reported an adjusted profit of €494.5 million for the first half of 2016. That meant a growth of 17.9% compared to the same period of 2015.
This was supported by a revenue increase of 15.1%, to €2,275.5 million, and EBITDA growth of 16.5%, to €907.1 million. Free cash-flow generation grew 23.2% in the first half, with the debt ratio at 1.31x EBITDA.
Luis Maroto, President & CEO of Amadeus, commented:
“The strong first half of 2016 is the result of the continued, solid organic growth of our core businesses, and the positive contribution of our recent acquisitions.“Our Distribution business continues to grow faster than the industry and its competitive position once again increased, to 43.2%. Our geographical diversification strategy continues to bear fruit and Asia & Pacific and North America are the fastest growing regions for Amadeus. We continue to invest in making the GDS the most efficient system for the distribution of travel products, as shown by the success of our merchandising solutions: 157 airlines trust us for the distribution of their ancillaries through the direct and indirect channels.
“The Airline IT business has also experienced strong growth in the first half of 2016. The number of passengers boarded using our Altéa platform grew by 10.9% supported by the organic growth of our customer base and new customer implementations. This strong performance was complemented by the acquisition of Navitaire from Accenture, finalised in January. Thanks to its contribution, the total number of passengers boarded using Amadeus’ PSS systems increased by 75.7%, to 622.4 million.
“At the same time, multiple global airlines continued to contract our solutions. Malaysia Airlines chose Amadeus as the their new PSS provider; Singapore Airlines contracted the full suite of Amadeus Revenue Management solutions; Lufthansa Group contracted Amadeus Altéa Departure Control Flight Management for all of its network airlines; and Avianca became the launch partner for Amadeus Anytime Merchandising.
“Our new businesses also showed progress, proved by new contracts being signed with Quebec City’s Jean Lesage International Airport and with Copenhagen Airports; the new itinerary management mobile app launched for Boston Consulting Group employees worldwide; the two new Travel Intelligence solutions, and the international distribution agreement reached with RENFE, the Spanish rail operator.