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Amadeus maintains a positive growth trend in third quarter

November 9, 2018 Tech No Comments Email Email

The positive performance of Amadeus’ Distribution and IT Solutions businesses supported our financial performance in the first nine months of the year.First nine months of the year highlights
– Revenue increased 4.6%1
, to €3,683.8 million
– EBITDA grew 8.6%2
, to €1,588.0 million
– In the Distribution segment, travel agency air bookings grew 2.4% to 444.8 million
– In IT Solutions, Passengers Boarded increased 13.8% to 1,397.3 million
Amadeus IT Group S.A achieved an adjusted profit of €886.6 million in the first nine months of 2018. This represents growth of 5.1%1 compared to the same period last year. Amadeus’ revenue grew 4.6%1 to €3,683.8 million, while

EBITDA increased 8.6%1 to €1,588.0 million.

As in the first half of the year, in the third quarter, both our revenue and EBITDA continued to be negatively impacted by the USD/Euro exchange rate fluctuation, albeit to a lesser extent than in the first two quarters of the year. In the first three quarters of the year, revenue expanded by 7.7%1 excluding currency effects (which are fundamentally derived from the USD/Euro exchange fluctuation relative to last year). In the nine month period, EBITDA excluding IFRS 162 and forex effects (caused by the fluctuation of multiple currencies in the period) grew at a high single-digit pace and delivered a small EBITDA margin expansion.

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