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.