Amadeus IT Holding SA : A reassuring message on GDS and NBUs still just as dynamic
>Q3 in line with forecasts but disappointment in GDS… - Amadeus yesterday reported Q3 results fully in line with forecasts with EBITDA at € 510m (+9.4%) on revenues up 5.5% to € 1,207m, i.e. a margin of 42.2% (+151bp). FCF was stable at € 341m owing to an increase of 11% in capex and resulted in net debt of € 1,892m, i.e. a net debt/EBITDA ratio of 0.95x (1.56x including Travel Click). However, pressure on air bookings increased in the quarter with a fall of 7.2% in w...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.