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Amadeus IT Group SA made an adjusted profit of just under 607 million euros in the first half of 2018. This corresponds to a growth of 6.1% compared to the same period of the year. Previous year. From January to June, sales grew by 4.1% to around 2.5 billion euros compared to the first half of 2017, while profitability (EBITDA) increased by 8.2% to nearly 1%. , 8 billion euros. "We remain optimistic about the rest of the year," said Luis Maroto, CEO of Amadeus, in a statement.
As in the first quarter, the half-year results were skewed by the US dollar / euro exchange rate strongly impacted by the same period last year, Excluding currency effects, first-half revenues increased from a high single digit percentage as well as EBITDA with a generally stable margin. In addition, in the second quarter of 2018, Amadeus signed 15 new agreements or renewals of content agreements with airlines such as United Airlines, Alitalia or Scandinavian Airlines (SAS). In addition, the travel technology company has received the NDC (Level Distribution New Capability) certification as an aggregator of the International Air Transport Association (IATA)
Asia-Pacific, Central Europe, Eastern and Southern, as well as North America. Result of Amadeus the fastest growing flight booking areas of travel agencies. Bookings in Western Europe decreased compared to the first quarter of 2017 due to the slowdown in the industry and the loss of shares of some mid-sized European online travel agents. Outside Western Europe, travel agency bookings for Amadeus grew 9.2% in the first half.
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