Amadeus has attributed ‘double digit’ sales growth for the first two months of 2010 to strong results in its distribution and IT solutions divisions as well as the continuing recovery of air travel.
Amadeus reports ‘double digit’ sales growth
Amadeus has attributed ‘double digit’ sales growth for the first two months of 2010 to strong results in its distribution and IT solutions divisions as well as the continuing recovery of air travel.
The global distribution giant has also announced it is to seek a listing on the Madrid Stock Exchange in the first half of 2010.
The news came as Amadeus announced earnings of Euros 2,461 million for the year ended December 31 2009 compared to Euros 2,505m for 2008. The company also reported EBITDA earnings of Euros 894m compared to Euros 874 for the previous year.
The company said EBITDA growth was stronger than revenue growth because of the ‘increased weight’ of its IT solutions business.
Travel agency air bookings increased almost nine per cent year-on-year.
Amadeus continues to invest heavily in technology with Euros 257m in 2009 compared to Euros 236 in 2008.
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