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Amadeus Announces 2012 Full Year Results

Amadeus Announces 2012 Full Year Results

Amadeus has announced year-on-year 2012 highlights of revenue growth of 7.5% to €2,910.3 million, an increase in EBITDA of 6.6% to €1,107.7 million, and an adjusted profit increase of 18.0% to €575.1 million. The company’s global share of travel agency air bookings expanded 0.9 percentage point to 38.6%.

Amadeus Logo

Luis Maroto, President and Chief Executive, said: “Despite another year of global macro-economic challenges, Amadeus’s proven business model and geographically diverse base again allowed us to maintain our growth record and increase our year-on-year revenues by 7.5% to €2,910.3 million, and adjusted profit by 18.0% to €575.1 million.

“This continued success was supported by an improved performance in both our businesses: Distribution, with higher bookings and revenue, and IT Solutions, which raised Passengers Boarded as it continued to migrate existing customers to the Altéa platform.

“2012 has been an outstanding year all round, with a strong financial performance, as well as landmark customer wins such as the Southwest and Expedia contracts in North America.

“In 2013 we are focusing on further consolidating our leading position by evolving our competitive offering, while also selectively investing in growth areas such as IT solutions for airports, hotels and rail providers. We are cautiously optimistic about 2013 and expect revenue and contribution to continue to grow across both businesses, based on our experience and taking into account the resiliency of our business model.”

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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