BANGKOK: Amadeus IT Group, S.A., a leading technology partner for the global travel industry, achieved adjusted profit of 293.6 million euros for the first quarter of 2017, an increase of 19.6% versus the same period last year. This growth was underpinned by an increase of 11.7% in revenue, to 1,250.8 million euros, and 12.0% in EBITDA to 502.8 million euros.
Luis Maroto, President & CEO of Amadeus, commented: “Amadeus’ core businesses performed well in the first quarter of 2017”.
“In our Distribution segment, revenue grew by 11.4%. This was in part due to travel agency air bookings growing consistently across all regions, contributing to an improvement in our competitive position of 0.9 percentage points, now at 43.5%. Growth in travel agency air bookings was positively impacted by a higher number of working days in the period, mostly due to the timing of Easter. In addition, we signed or renewed content agreements with 12 airlines, including Air Berlin”.
“Our IT Solutions segment grew 12.3% in revenue and 24.6% in passengers boarded. At the end of March, 192 customers had contracted either of the Amadeus Passenger Service Systems, with 178 of these customers having already implemented them. We also continued to offer airlines innovative solutions, such as the new Amadeus Altéa NDC, which gives an additional distribution option for travel retailers. This allows travellers to complete their purchase without leaving the travel retailers’ platforms, improving conversion rates. We are piloting the solution with Finnair and Skyscanner”.
“We look forward to the rest of the year with confidence. The migration of Southwest Airlines (domestic passengers) and the roll-out of the Amadeus Guest Reservation System with InterContinental Hotels Group will be among the key business milestones in the coming months”.