Amadeus credits ‘revenue-raising technology’ for profits hike

Amadeus credits ‘revenue-raising technology’ for profits hike

Amadeus saw revenues and profit growth driven by Asia-Pacific and North America in the first nine months of the year.

Adjusted profit for the period grew by 9.6% to €611.9 million. This was fuelled by an increase in revenue of 14.7%, to €2,9 billion, and earnings [EBITDA] excluding acquisition costs growth of 10.6%, to more than €1 billion.

Air travel bookings rose by 8.2% in the period to 123.8 million with distribution division revenue up by 14% to €672.5 million over the same period last year.

President and chief executive, Luis Maroto, said: “Our focus on delivering revenue-generating technology to our partners has improved our competitive position in the market, supporting growth in both revenues and profit.

“Asia-Pacific and North America growth resulted in a significant 1.9 percentage enhancement of our competitive position in air travel agency bookings, driving strong revenue growth of 12.1% in Distribution; whilst IT Solutions delivered a 21.3% revenue increase, supported by the full year effect of migrations – many of which were in Asia-Pacific, where other airlines are still to migrate.”

He added: “Our strong financial performance has allowed us to continue investing in key areas and during the quarter we announced our intention to acquire Navitaire, which is currently subject to regulatory approval.

“Additionally, we acquired two companies in the Hotel IT sector, the Netherlands-based Itesso BV and US-based Hotel SystemsPro, which support our strategy.

“These additions form part of our long-term Hotel IT vision of combining multiple systems into a cloud-based platform focused on improving the guest experience. We look forward with confidence to the completion of the full year.”

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