Amadeus’ year-on- year financial and operating results for the first nine months of 2012 (ended September 30, 2012) shows an increase of 20.2% in its adjusted profti to reach €481.3 million.
This was backed by growth in revenue of 8.4% to €2,233.1 million and a 6.5% rise in EBITDA to €889.8 million.
Amadeus said this growth record was supported by both the Distribution and IT Solutions businesses.
Revenue in the Distribution business increased by 6.4%, rising to €1,690.5 million while the number of total bookings, including both air and non air travel agency bookings, improved by 3.3%, to 365.8 million.
The company also expanded its global market share of travel agency air bookings by 0.9% during the first nine months of 2012 to reach 38.1%.
In the IT Solutions business revenue increased by 15.1%, rising to €542.6 million, and the Passengers Boarded (PB) figure was lifted by 28.4%, rising to 420.4 million.
The financial performance for this period was also backed by strong year-on- year results in the third quarter. During these three months Amadeus’ adjusted profit increased by 8.8%, to €148.8 million, total revenues were up by 8.0% to €724.2 million, and EBITDA rose by 7.4% to €282.9 million.
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The year-on-year highlights at a glance:
- Revenue grew 8.4%1 to €2,233.1 million.
- EBITDA rose 6.5%1 to €889.8 million.
- Adjusted profit2 increased 20.2% to €481.3 million.
- Net debt reduced further to 1.43x last twelve months’ EBITDA.
- Global market share of travel agency air bookings expanded by 0.9 percentage point.
- Passengers Boarded (PB)3 grew by 28.4% to 420.4 million.
Luis Maroto, Amadeus President & CEO (pictured right), said despite continued global macro-economic challenges the company has maintained its growth record during the first nine months of the year, including the third quarter.
“At the financial level, year-on-year during these nine months we have grown revenues by 8.4% and adjusted profit by 20.2% to €481.3 million.
“Whilst traffic and GDS volumes have shown some weakness this year, driven by the still uncertain economic environment, we nonetheless believe our geographically diverse business model remains resilient. We confidently await the results for the full financial year.”
