Amadeus IT Group reports strong growth in first half of 2018

Written by: Felicity Stredder |
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Amadeus has seen strong profits in the first six months of the year, thanks to a good performance in its distribution and IT solutions segments.

The Group reported an adjusted profit of €606.8m for the first half of 2018, representing growth of 6.1% compared to the same period last year. Amadeus’ revenue grew 4.1% from January to June compared to the first half of 2017, reaching €2.5bn, while EBITDA increased 8.2% to €

Results were negatively affected by the USD/Euro exchange rate, compared to the same period last year – an effect that continued from the first quarter of the year. Excluding foreign exchange effects, in the first half of the year both revenue and EBITDA grew at high single digit rates, with a broadly stable EBITDA margin.

Luis Maroto, President & CEO of Amadeus, commented: “We remain optimistic on the outlook for the rest of the year. We continued to secure and expand the content available for our subscribers through the Amadeus system, with content agreements signed or renewed with 15 carriers.

“The 18% increase in the number of passengers boarded of our IT Solutions business (which amounted to 888.8m in the first half of 2018) was supported by a 7.8% organic growth and by our latest migrations. We also continued to progress successfully in our diversification strategy into new businesses.”

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