Report
Nicolas David ...
  • Yan Derocles

Amadeus IT Group : Vers un S1 encore très difficile mais la valorisation se normalise

>Activité T4 en ligne avec les attentes - Le CA T4 est ressorti à 474 M€, en baisse de 65% (ODDO BHF : -61% ; Css : -66%). Cela traduit un léger mieux par rapport au T3 (-70%) directement lié à la moindre baisse du trafic aérien (-70% au T4 vs -75% au T3 en RPK). L’activité Distribution est en baisse de 78% au T4 à 163 M€ (ODDO BHF : 169 M€, Css : 149 M€), avec des bookings en baisse de 78%. Au rang des bonnes nouvelles, les booking fees sont globalement stables car l...
Underlying
Amadeus IT Group SA Class A

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

Yan Derocles

ResearchPool Subscriptions

Get the most out of your insights

Get in touch