Amadeus reduces debts

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Amadeus has reduced its net debt by EUR356.6 million (GBP307m) resulting in adjusted profits of GBP495m.

The figures saw a 18% increase in adjusted profits year-on-year with its share of travel agency bookings remaining flat at 38.6%.

“Despite another year of global macro-economic challenges, Amadeus’ proven business model and geographically diverse base again allowed us to maintain our growth record and increase our year-on-year revenues by 7.5% to GPB2.5bn, and adjusted profit by 18.0% to GBP495m,” said Luis Maroto, president and CEO of Amadeus.

“This continued success was supported by an improved performance in both our businesses: distribution, with higher bookings and revenue, and IT solutions, which raised Passengers Boarded as it continued to migrate existing customers to the Altéa platform,” he added.

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