Amadeus reports strong outcomes for 2023

Saturday, March 2, 2024

Amadeus has reported robust outcomes for last year and has developed shareholder payments. In 2023, Amadeus witnessed durable progression, increasing productivity and great cash flow generation.

Few of the highpoints for the year ending December 31, 2023 are as follows:

• Air distribution reservations augmented 13.6% to 450.2 million.
• Air IT solutions commuters embarked amplified 26.8% to 1,952.3 million.
• Air distribution proceeds developed 23.6% to €2,655.1 million.
• Air IT solutions profits augmented 21.6% to €1,903.5 million.
• Hospitality along with other solutions income developed 14.2% to €882.6 million.
• Group proceeds improved 21.3% to €5,441.2 million.
• EBITDA developed 29.8%1 to €2,063.2 million.
• Adjusted profit improved 59.8%1 to €1,123.9 million.
• Free cash flow augmented 42.7%4 to €1,148.6 million.
• Net monetary liability was €2,140.6 million in the course of December 31 last year.

According to Luis Maroto, the President and the CEO of Amadeus said that in 2023, Amadeus witnessed solid growth, increasing productivity along with increased monetary flow. Maroto said that this has permitted them not only resume dividend payment, but also declare share repurchase programs in total at a sum of more than €1 billion in 2023. He said that as they progress with their plan, they are hopeful regarding their development in 2024 and further.

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