Amadeus, the travel technology company, experienced double-digit growth in terms of both revenues and profits in the first half of 2015.
For the six months ending 30 June 2015, Amadeus’ revenues increased 14.2% year-on-year to EUR1.98 billion (US$2.17bn), while its earnings before tax and other items (EBITDA) climbed 10.8% to EUR778.8 million.
The number of air bookings Amadeus processed in the first half jumped 10% to 265.9m, increasing its global market share in this segment to 42.2%.
“Amadeus has maintained its track record for growth in both revenues and profitability through a combination of market share expansion and growth in its businesses,” said Luis Maroto, president & CEO of Amadeus.
“Distribution delivered strong revenue growth of 11.3% through a 1.9pp (percentage point) increase in global market share of air travel agency bookings. IT Solutions continued its track record for double-digit growth with a revenue increase of 22.3%, with Asia Pacific remaining the driving force.”
Amadeus has taken some significant steps towards its expansion this year, including the acquisition of Navitaire, which provides IT solutions for the low-cost airline market, and the signing of an agreement to purchase Netherlands-based Itesso, which supplies cloud-based property management systems (PMS) for hotels.
The company also renewed its content agreements with 19 airlines in the first half of the year, while China Airlines became a new customer of the company’s Altéa suite of airline IT solutions.