Amadeus IT Holding SA : 2019 guidance confirmed but we are adjusting our FCF
>Q2 contained no surprises - Yesterday, Amadeus published Q2 2019 earnings that contained no surprises. EBITDA came in at € 593.6m (ODDO BHF: € 593m, consensus: € 592.1m), up 10.1% on the back of sales up 14.2%. The margin declined by 155bp to 41.7% mainly due to the dilutive consolidation of Travelclick but also to robust growth in less mature activities such as the B2B Wallet payment solutions and NBU. By division, distribution posted growth of 3.8% in its sales to ...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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