Amadeus have released its year-on-year financials for the first nine months of 2015 and have reported increased revenue and operational growth.
The new report details the company’s strong growth in 2015 and its competitive position in the market.
“Our strong financial performance has allowed us to continue investing in key areas and during the quarter we announced our intention to acquire Navitaire, which is currently subject to regulatory approval. Additionally we acquired two companies in the Hotel IT sector, the Netherlands-based Itesso BV and U.S.-based Hotel SystemsPro, which support our strategy. These additions form part of our long-term Hotel IT vision of combining multiple systems into a cloud-based platform focused on improving the guest experience.”
Luis Maroto, President & CEO of Amadeus
Some of the year-to-date highlights (nine months ended September 30, 2015) include:
- Revenue increased 14.7%, to €2,964.8 million
- EBITDA excluding acquisition costs[1] grew 10.6%, to €1,149.6 million
- In the Distribution business, total air travel agency bookings increased 9.4%, to 389.7 million
- In the IT Solutions business, Passengers Boarded[2] increased 8.2%, to 562.3 million
Amadeus is a leading provider of advanced technology solutions for the global travel industry, employing round 13,000 people worldwide.