Amadeus IT Group : Increasingly clear skies ahead and market share gains for Amadeus
>Q3 earnings largely as expected. Negative impact of Delta variant - Amadeus reported Q3 2021 earnings largely as expected. Sales came in at € 739m, 1% short of expectations, hurt by the impact of the Delta variant on passenger boarding volumes for the Air IT Solutions business. Indeed, the Air IT Solution business saw only a slight recovery in Q3 (sales down -39.4% vs 2019) vs Q2 (-45.4% vs 2019). The Air distribution business was broadly in line despite everything (...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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