Consolidated net financial debt on 30 September 2010 was €2,700.3m (based on covenants’ definition). This represented 2.7x last twelve months’ EBITDA, and was down by €588.2m vs. December 2009.
Both the Distribution and IT Solutions businesses played a role in the company’s positive performance figures during the year-to-date.

Revenue in the Distribution area increased by 10.2%, rising from €1,387.6m to €1,528.9m. Total bookings increased by 7.7%, up from 314.2m to 338.6m. The company said it maintained its global leadership position in market share of travel agency air bookings during the first nine months of 2010.

The IT Solutions business continued its growth record by increasing revenue 19.3% during the period, from €383.2m to €457.1m. Passengers Boarded (PBs) increased by 58.0% in the same period, rising from 171.3m to 270.6m as contracted airline migrations were completed successfully.

During the third quarter of 2010 compared with the same period in 2009, Amadeus’ results saw an increase in adjusted net profit of 14.9%, up from €93.7m to €107.7m, an improvement in total revenue of 12.6% from €598.6m to €674.3m, and a rise in EBITDA of 10.8% from €234.6m to €259.9m.

David V. Jones, President & CEO of Amadeus, said: “Once again our transaction-based model demonstrates its strength and flexibility, allowing us quickly to deliver financial returns from the current recovery in the global travel industry.”

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