Amadeus profits climb in 2013

Amadeus generated profits of US$688.8m in the first three quarters of 2013
Amadeus generated profits of US$688.8m in the first three quarters of 2013

Amadeus has posted a 6.3% increase in profits for the first nine months of the year.

The travel technology company’s adjusted profit came in at EUR511.2 million (US$688.8m), following a 5.8% increase in revenue, to EUR2.36 billion.

Both of the company’s main divisions, distribution and IT solutions, saw revenue growth during the period. Distribution revenue increased 5.5% to EUR1.78bn, with air travel agency bookings rising 6.6% to EUR340.8m, while IT solutions turnover rose 6.6% to EUR578.4m. The number of passengers boarded jumped 8.4% to a total of 455.5m.

“The two key drivers behind our continued growth are our resilient transaction-based model and our long-term contracts with recurring revenues. These factors allow us to make the R&D commitments necessary to continue delivering first class solutions to our customers,” said Luis Maroto, president & CEO of Amadeus.

“I am confident that with our wide geographical reach and our exposure to a number of different segments in the travel technology industry we have a good platform for continued success. Already we are looking forward to continuing our strategy in 2014.”

Amadeus’ global share of travel agency air bookings now stands at 39.9%, up 1.8 percentage points compared to 2012.

You might also like

Comments are closed.

X
GET THE LATEST TRAVEL INDUSTRY NEWS, JOBS AND EVENTS STRAIGHT TO YOUR INBOX!
Join over 180,000 travel agents, professionals and executives subscribed to our daily newsletter.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close
Enable Notifications    Ok No thanks