Report
Yan Derocles

Amadeus IT Holding SA : Amadeus déroule…

>Un T2 de bonne facture - Amadeus a publié un T2 18 2% au-dessus des attentes du consensus au niveau de l’EBITDA à 539.2 M€ (Oddo BHF : 531 M€, Cons : 529.1 M€), atteignant une marge de 43.2% (+155 pb) portée par un effet de levier opérationnel et un élément non-récurrent dans la division IT Solutions. La progression de l’EBITDA de 9% est également aidée par un fort taux de capitalisation qui se retrouve dans les Capex (+32%) et explique la faible génération de FCF su...
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
Yan Derocles

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