AMADEUS has reported commendable results in 1H2014, supported by organic growth and the contribution of acquisitions.
Adjusted profit for the period grew 8.9 per cent to 380.6 million euros (US$510.9 million), backed by 8.5 per cent revenue increase to 1,730.9 million euros, and 8.8 per cent EBITDA growth to 702.6 million euros.
The company maintained strong organic growth in its core distribution and IT solutions businesses.
Distribution revenue increased 4.6 per cent to 1,271.5 million euros, with air travel agency bookings rising 3.8 per cent to 241.8 million.
Content agreements were signed and extended with 21 airlines, while new agreements were inked with leading global travel companies such as Orbitz Worldwide and TUI Travel.
Revenue for IT solutions grew 21 per cent to 459.4 million euros. Excluding Newmarket International and UFIS, revenue increased 11.6 per cent to 423.5 million euros.
Revenue from passengers boarded increased 15.6 per cent to 328.5 million euros.
Luis Maroto, Amadeus president and CEO, commented: “Amadeus’ 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.
“We continue to implement our growth and diversification strategy into new IT areas,” he added.
