Amadeus outperforms industry in the first half of 2014

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Financial-Success
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Written by Nell Alcantara

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 half of 2014 (six months ended June 30, 2014).

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 half of 2014 (six months ended June 30, 2014). Adjusted profit for the period grew 8.9% to โ‚ฌ380.6 million. This was backed by an increase in revenue of 8.5%, to โ‚ฌ1,730.9 million, and an EBITDA growth of 8.8%, to โ‚ฌ702.6 million.

Luis Maroto, President & CEO of Amadeus, commented: โ€œAmadeusโ€™ core business continues to deliver strong results despite improved but still challenging market conditions. The Distribution business outperformed the industry enabling us to continue to gain market share. During the first half of the year, Amadeus reaffirmed its commitment to Corporate Travel IT – a key Distribution growth segment – with the acquisition of i:FAO, the strategic agreement with SAP and the launch of Amadeus Corporate Suite.โ€จโ€จ

โ€œThe Airline IT business continued to show strong growth underpinned by the Asia Pacific region, where an agreement with Japan Airlines was recently announced, in addition to Swiss International Airlines signing for our Altรฉa suite. Also a landmark, Southwest Airlinesโ€™ first international flight powered by Amadeus Altรฉa suite marked the successful implementation of Amadeusโ€™ state-of-the-art passenger service system by the carrier.

โ€œThe addition of Southwestโ€™s domestic bookings to the agreement will turn Altรฉa Suite into the carrierโ€™s only reservation system in the future and Southwest into Amadeusโ€™ largest Airline IT partner worldwide by passengers boarded.โ€จโ€จ

โ€œWe continue to implement our growth and diversification strategy into new IT areas. The recent acquisitions of Newmarket International (Hotel IT) and UFIS (Airport IT) are already contributing positively to the execution of our strategy. In the Rail IT segment, the agreement signed with BeNe Rail this quarter represents our first step towards the creation of a community IT platform for the rail industry, aiming to replicate the success of our Altรฉa suite in the coming years.โ€

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