Home Press Releases Amadeus accelerates profit growth thanks to strength of core businesses and acquisitions

Amadeus accelerates profit growth thanks to strength of core businesses and acquisitions

Strong financial results, driven by the positive performances of our Distribution and IT Solutions segments, as well as by the contribution of our 2015 and Navitaire acquisitions.
Full year highlights (twelve months ended December 31, 2016)
Revenue grew 14.3%, to €4,472.9 million
EBITDA increased 16.0%, to €1,700.1 million
In the Distribution business, total travel agency air bookings rose 5.9%, to 534.9 million
In the IT Solutions business, Passengers Boarded(1) increased 85.0% to 1,382.5 million
February, 24: Amadeus IT Group, S.A., a leading technology partner for the global travel industry, achieved adjusted profit of €911.0 million for the full year of 2016, which represents growth of 21.2% compared to 2015. This growth was supported by an increase of 14.3% in revenue, to €4,472.9 million, and 16.0% in EBITDA to €1,700.1 million.
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“.

“Our Distribution business maintained its strong performance and improved its competitive position by 0.8 percentage points to 43.2%(2). During 2016, we signed or renewed content agreements with 46 carriers, including key industry players such as easyJet, Emirates and LATAM Airlines Group. Revenue growth was also supported by our customers’ continued interest in our solutions. KAYAK, the world’s leading travel search engine, implemented Amadeus Master Pricer with Instant Search technology“.
“Growth in our IT Solutions area was supported by the consolidation of Navitaire as well as the migration of large carriers in Asia-Pacific. Among the airlines that chose to use Amadeus Altéa Passenger Service Systems and New Skies last year were China Airlines, Swiss International Air Lines, Brussels Airlines and Viva Group. In total, at the end of the year, more than 175 airlines had contracts with one of the two Amadeus Passenger Service Systems. In 2016 we have also crossed important milestones in business units such as Airport IT, for example the long-term partnership with Copenhagen Airports“.
“Given the positive trend of new contracts we have seen so far in 2017, we are confident that Amadeus will have a solid financial performance this year, supported by a moderate pick up in global economic growth as predicted by IMF(3)“.
1. Passengers boarded (PB): actual passengers boarded onto flights operated by airlines using at least Amadeus Altéa Reservation and Inventory modules or Navitaire’s New Skies solution.
2. Competitive position is measured as our TA air bookings in relation to the TA air booking industry, defined as the total volume of travel agency air bookings processed by the global or regional Central Reservation System (CRS). Excludes air bookings made directly through in-house airline systems or single country operators, the latter primarily in China, Japan and Russia.
3. Source: IMF’s January 2017 World Economic Outlook (WEO) Update.
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