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Amadeus Owes Positive Growth to IT Solutions

Amadeus IT Group S.A maintained its positive growth trend in the first quarter of 2019, supported by the solid operating performances of its Distribution and IT Solutions businesses and the consolidation of TravelClick (since October 4, 2018).

This contributed to double-digit growth both in revenue and EBITDA in the quarter, as well as to an adjusted profit2 of €334.7 million, which represents an increase of 9.5 per cent compared to the same period of 2018.

Luis Maroto, President & CEO of Amadeus, said, “Within a complex travel industry environment, Amadeus has maintained its good momentum into 2019, with healthy growth levels in both of its core segments.

“In Distribution, we continued to expand content for our subscribers and increased our competitive positioning in terms of air bookings. Our IT Solutions also performed positively, thanks to a growth in passengers boarded, an increase in upselling and new functionalities for our customers, and the addition of TravelClick to the Amadeus family.

“I am confident that thanks to the resilience of our business and the broadening of our customer base, we will continue to deliver good growth in 2019.”

The global slowdown in growth in travel agency industry air bookings continued during the first quarter of 2019 (0.0 per cent growth compared to 1.1 per cent in the fourth quarter of 2018). Apart from North America and Latin America, all other regions reported an industry decline mainly driven by geopolitical and macroeconomic factors. Asia Pacific registered the strongest deceleration, largely driven by a poor performance of India (due to several factors, including the severe financial distress of a large Indian GDS airline and the upcoming elections).

Despite this environment, Amadeus’ travel agency air bookings increased 1.6 per cent between January and March, supported by market share growth in all regions except Asia Pacific, mainly due to India (excluding India, our bookings grew 3.4 per cent globally). North America was our fastest growing region with an increase of 14.6 per cent. We returned to growth in Western Europe, on the back of market share gains. Amadeus IT Group S.A maintained its positive growth trend in the first quarter of 2019, supported by the solid operating performances of its Distribution and IT Solutions businesses and the consolidation of TravelClick (since October 4, 2018). This contributed to double-digit growth both in revenue and EBITDA in the quarter, as well as to an adjusted profit2 of €334.7 million, which represents an increase of 9.5%1 compared to the same period of 2018.

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