Amadeus see profits rise 11.7% in Q1

Amadeus has released its first quarter financial results, revealing an increase in adjusted profits of 11.7%. The report shows a total adjusted profit of €144 million and a 2.8% increase in revenue to €704.3 million.

This brings the technology giant’s total earnings before interest, taxes, depreciation and amortization to €291.45 million. Amadeus also reduced its consolidated net financial debt to €2,439.9 – down €131.4 million on the same time last year.

Luis Maroto, President & CEO of Amadeus, said: “We have made a good start to the year with both of Amadeus’ business lines continuing to show healthy growth during the quarter.”

“In Distribution our global market share of air bookings through travel agents rose by 0.8 p.p. year on year to a record 37.4%, further widening our leadership position worldwide.”

“In Airline IT we processed 94 million ‘Passengers Boarded’ during the quarter, 38.8% more than a year ago, with 97 airlines now using the Amadeus Altéa suite of solutions to drive their mission-critical business processes.”

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