Amadeus Reports Strong 2013 Results
Amadeus IT Holding, S.A., parent company of the Amadeus Group is reporting strong year-on-year financial and operating results for 2013.
Adjusted profit for the year grew 7.8% to €619.5 million. This was supported by an increase in revenue of 6.6%, to €3,103.7 million, and 7.2% growth in EBITDA, to €1,188.7 million.
Luis Maroto (pictured), president & CEO of Amadeus, commented, “Amadeus has maintained its record of delivering success both in revenues and profitability. Our transaction-based business model has continued to be resilient in the face of industry challenges, while our investment in R&D, which drives product evolution and portfolio expansion, has contributed to our continued growth.
“Even in the context of slow growth in the wider market, Amadeus continued to outperform the travel distribution industry and reinforce its leading position in the air distribution segment, with a market share increase to 40.1% in total air travel agency bookings. This was most apparent in North America, one of our strategic targets for expansion, where despite contraction in the region we achieved a 38.1% increase.”
He added, “We continued to execute on our strategy of developing new business areas, and made particular progress in the airport and hotel segments. With the acquisition of Newmarket International, a leader in the Hotel IT industry, we have enhanced our presence in a key growth area for Amadeus. Meanwhile our airports unit made progress in the ground-handling area as well as signing key agreements with Copenhagen and Munich airports. Overall I am confident that Amadeus has the financial strength, the portfolio and the right strategy for continued success in the travel technology industry.”
