Amadeus witnesses sustained strong growth momentum into 2018

Monday, May 7, 2018

Competitive gains in both Distribution and IT Solutions powered growth in revenues and profitability in the first quarter of the year.

First quarter of the year highlights (three months ended March 31, 2018) – Revenue increased 3.1%, to €1,230.0 million (8.2% growth excluding foreign exchange effects) – EBITDA grew 7.4%, to €539.0 million (7.9% growth excluding foreign exchange and IFRS 16 effect1 ) – In the Distribution segment, travel agency air bookings reached 160.0 million, which represents growth of 3.7% – In IT Solutions, Passengers Boarded increased 22.7% to 416.9 million Amadeus IT Group, S.A achieved an adjusted profit of €305.6 million for the first three months of 2018.

This represents an increase of 4.3% compared to the same period last year. Amadeus’ revenue grew 3.1% from January to March compared to the first quarter of 2017, reaching €1,230.0 million, while EBITDA increased 7.4% to €539.0 million. Our financial performance in the quarter was negatively impacted by the US dollar depreciation relative to the Euro, but underlying business performance continued to be very strong. Excluding foreign exchange effects, both revenue and EBITDA grew at a high single-digit growth rate.

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