Amadeus Sees Solid 1Q Results, Despite Economic and Geopolitical Factors Weight; Shares Overvalued
Amadeus reported solid first-quarter distribution (60% of total sales) results with 1.6% air booking growth, above the 0% market level (narrow-moat peer Sabre posted 2.7% total travel booking growth) that slowed from the 1.1% lift seen last quarter, as geopolitical and economic factors weighed on results. Meanwhile, the company's passengers boarded over its IT software (40% of total sales) saw solid 6% organic growth (Sabre saw only 3.3% organic boarding growth, due to temporary customer disrupt...Amadeus is a transaction processor for the global travel and tourism industry. Co. provides transaction processing power and technology solutions to both travel providers (including full service carriers and low-cost airlines, hotels, rail operators, cruise and ferry operators, car rental companies and tour operators) and travel agencies (both online and offline). Co. acts both as a worldwide network connecting travel providers and travel agencies through a processing platform for the distribution of travel products and services (through the Distribution business), and as a provider of a portfolio of IT solutions which automate certain business processes (through the IT solutions business).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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