A new selling platform, expanded airline agreements and a focus on hospitality has delivered a little extra cash to travel industry tech company, Amadeus.
The company’s latest figures revealed a 17 percent increase in adjusted profit growth to €245.6 million for the first quarter of 2016 compared to the same period last year.
The increase follows a steady growth in revenue and operations during the first nine months of 2015.
According to the company, the rise in adjusted profit was supported by a revenue rise of 13.2 percent, to €1,120.0 million and EBITDA growth of 15.2 percent, to €448.8 million.
President and CEO, Luis Maroto, said the strong start to the year came from both distribution and IT solutions, with distribution revenue increasing 4.2 percent in the quarter while IT solutions rose 37.6 percent.
“[Growth was] driven by underlying strong double-digit growth, combined with the consolidation of Navitaire and the 2015 acquisitions.”
Luis Maroto, Amadeus IT Pacific President and CEO
Looking ahead, Maroto said the company will focus on creating technology designed to serve customers better, while also supporting long term growth.
“We look forward to the rest of the year with confidence,” he added.