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Amadeus IT Group achieved adjusted profit of €1,116.1 million during 2017. This represents growth of 22.5% compared to 2016. Amadeus’ revenue grew 8.5% last year, to €4,852.7 million, while EBITDA increased 9.7% to €1,865.1 million. Full year highlights (twelve months ended December 31, 2017) _ Revenue increased 8.5%, to €4,852.7 million _ EBITDA grew 9.7%, to €1,865.1 million _ In the Distribution segment, total travel agency air bookings grew 6.3% to 568.4 million _ In IT Solutions, Passengers Boarded increased 19.8% to 1,656.5 million Luis Maroto, President & CEO of Amadeus, commented: “Amadeus’ solid financial progression continued in 2017. The positive growth registered across all of our businesses contributed to increases of 9.7% in EBITDA and 22.5% in adjusted profit last year. “In our Airline IT segment we had important milestones such as the migration of Southwest’s domestic flights to Altéa in May. We also signed important deals with leading carriers such as Air Canada. In fact, last year 57.7% of our passengers boarded were generated outside of Europe compared to 54.1% in 2016. “Growth was also consistent in our Distribution segment. Travel agency air bookings grew across all regions supported by industry growth and an enhancement of 0.6 p.p. of our competitive position, to 43.9%.” Business highlights for the year Distribution _ Revenue increased to €3,137.6 million, 7.3% more than in 2016 _ Travel agency air bookings grew 6.3% to 568.4 million
IT Solutions _ Revenue grew 10.8% to €1,715.1 million _ Amadeus passengers boarded increased 19.8%, to a total of 1,656.5 million Airport IT Adelaide Airport announced in March that it will implement Airport Operational Database (AODB), Airport Fixed Resource Management Solution (RMS) and Flight Information Display System. Hong Kong International Airport and Amadeus announced an agreement to deploy the world’s first movable check-in kiosks. Read Original Report |
