Amadeus IT Group : The low point has been reached...but what recovery slope now?
>Q1 sales broadly in line. Limited sequential improvement - Amadeus published on Friday morning Q1 2021 results broadly in line with expectations. Sales came to € 498m, down -51% y-o-y (consensus € 500m), less marked than in previous quarters (-65% in Q4 2020, -70% in Q3), mainly due to the undemanding base effect in March. Q1 2021 sales remained -65% below the 2019 levels, in line with Q4 2020, given that the pandemic continued to rage worldwide. Only North America s...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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