Amadeus delivers strong first quarter results

Published on : Thursday, May 5, 2016

Amadeus LogoAmadeus 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.”

 

Source:-Amadeus

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 10 thehotelshow 2017
  • 11 AHIF 2017
  • 11 hospitalityaward 2017
  • 12 hotelfair 2017
  • 12 theleisureshow 17
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 14 patatravelmart 2017
  • 14 Seatrade-Europe 2017
  • 15 amsummit-ind 2017
  • 15 leisure 17
  • 16 Aviation Festival 2017
  • 16 OTDYKH 2017
  • 16 SKAL 17
  • 17 thincindonesia 2017
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 itehcmc 2017
  • 19 TTG Incontri 2017
  • 20 hmasummit  2017
  • 21 hoteltechhk 17
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com