Amadeus reports strong Q1 boosted by recent acquisitions

By Travolution
By Travolution
May 8, 2014 11:21 AM GMT

Amadeus saw first quarter adjusted profit grow by 8.6% to €191.3 million as revenue rose by 9.1% to €867.6 million.

Total air travel agency bookings increased 5.3% to 125.5 million in the three months, which the company claimed outperformed the industry. Strong growth of 17.6% was recorded in North America.

Low-cost carriers’ travel agency bookings increased 11% compared to the same period in 2013.

In the group’s IT solutions business, passengers boarded increased 15.8% to 152.5 million, fuelled by strong growth in Asia-Pacific (+85.2%).

President and chief executive Luis Maroto said: “Amadeus has maintained its record of delivering strong organic growth in its core businesses, distribution and airline IT solutions.

“The joint contract with Southwest Airlines to implement the Amadeus Altea reservations solution as the carrier’s only reservation system is a truly landmark IT partnership for Amadeus. Southwest will become our largest airline IT partner worldwide by passengers boarded.

“This organic growth is now also reinforced by the positive contribution of our recent acquisitions.

“Our commitment to our stated ambition in hotel IT, to build a community model for the hotel industry, has been evidenced by the Newmarket International acquisition and the recently signed partnership with InterContinental Hotels Group to develop technology solutions to enhance the guest experience.

“We have also made significant progress in the airport IT segment. The addition of UFIS’s airport solutions portfolio enables Amadeus to accelerate its product development plan and to become a leader in this sector.”

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