Amadeus IT Group achieved adjusted profit of 911 million euros (US$964.5 million) for 2016, representing a growth of 21.2 per cent from 2015.
Growth was supported by an increase of 14.3 per cent in revenue to 4.5 billion euros (EBITDA up 16 per cent in EBITDA to 1.7 billion euros).
Luis Maroto, president & CEO of Amadeus, commented: “The strength of our core businesses, our diversification strategy and the positive contribution of recent acquisitions such as Navitaire drove Amadeus’ successful financial performance in 2016.”
Amadeus’ distribution business saw revenue increase 6.8 per cent to over 2.9 billion euros, with travel agency air bookings growing 5.9 per cent to total 534.9 million euros.
LCC bookings grew 15 per cent compared with the previous year, with content from more than 90 low-cost and hybrid carriers now available to subscribers to Amadeus’ inventory data.
According to Amadeus, the stronger distribution performance was also supported by new contracts of Amadeus’ merchandising solutions. At the end of last year, 66 per cent of the global bookings made through Amadeus were eligible to carry a merchandising item.
By end 2016, more than 120 airlines had contracts for Amadeus Airlines Ancillary Services, of which more than 90 had implemented the solutions; while 52 airline customers had contracted Amadeus Fare Families, with 33 seeing through to implementation.
For its IT solutions segment, Amadeus too reported growth in revenue, up 31.7 per cent to almost 1.6 billion euros.
Amadeus reported that more than 175 airlines had contracts for one of the Amadeus Passenger Service System (Altéa or Navitaire New Skies) at the end of 2016.
Amadeus passengers boarded grew 85 per cent to a total of 1.4 billion euros, fuelled by the addition of passengers boarded from Navitaire and a 12.2 per cent increase in Altéa passengers boarded.
Developments in its new business arms include a 10-year deal with Copenhagen Airports; the launch of the B2B Wallet Prepaid payment solution enhanced by partnerships with MasterCard and Ixaris; and the rollout of Amadeus Performance Insight and Amadeus Booking Analytics.
An extension of its agreement with Amadeus and AccessRail has also enabled travel to book 18 rail and bus operators across 26 countries on the same screen as air travel.