Published on : Thursday, May 5, 2016
Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, reports year-on-year financial and operating results for the first quarter of 2016 . Adjusted profit for the period grew 17.0%, to €245.6 million supported by a revenue increase of 13.2%, to €1,120.0 million and EBITDA growth of 15.2%, to €448.8 million. Free cash-flow generation expanded 17.9% in the quarter, in the context of a robust capital structure, with leverage at 1.43x EBITDA.
Luis Maroto, President & CEO of Amadeus, commented:
“We have experienced a strong start to the year, delivering solid financial results and various successful business announcements in both Distribution and IT Solutions.“In Distribution, we continued to grow our business steadily and revenues increased 4.2% in the quarter; whilst in IT Solutions, revenue grew at a pace of 37.6% in the first quarter of 2016, driven by underlying strong double-digit growth, combined with the consolidation of Navitaire and the 2015 acquisitions.
“We are focused on technology as a means to always serve our customers better and to support long-term growth. We look forward to the rest of the year with confidence.”