MADRID, 10 May 2019: Amadeus announced its financial result for the first quarter of 2019 calling it a solid operating performance on the back of growth in its distribution and IT solutions businesses and the consolidation of TravelClick.
The global travel IT company said the three key areas contributed to double-digit growth both in revenue and EBITDA in the quarter, as well as to an adjusted profit of €334.7 million. This represented an increase of 9.5%1 compared to the same period of 2018
Amadeus president & CEO Luis Maroto explained: “IT solutions was once more instrumental to maintain our positive financial track record. The solid operating performance of Airline IT and the positive growth of our new businesses, including the TravelClick consolidation, were the key drivers for the 31.2%1 increase in IT Solutions’ revenue during the first quarter, to €570.0 million.”
Amadeus’ share of the Airline IT business continued to expand with 214 airlines using its services at the end of March.
“As for our new businesses, they also grew strongly during the first three months of the year, boosted by the TravelClick consolidation and underlying double-digit revenue growth delivered by our new businesses,” the group’s CEO stated.
Despite less favourable market conditions, Amadeus continued to expand subscribers with travel agency air bookings increasing 1.6% between January and March, supported by market share growth in all regions except Asia Pacific.
North America continued as the fastest growing region with an increase of 14.6%.
First quarter highlights
- Revenue increased 14.6%1, to €1,409.9 million.
- EBITDA expanded 11.3%1, to €599.8 million.
- In the distribution segment, travel agency air bookings grew 1.6% to 162.6 million.
- In IT solutions, passengers boarded increased by 4.6% to 436.1 million