Amadeus IT Holding SA : Attention, retard prévu au décollage
En raison de sa forte exposition au trafic corporate et d'un effet mix-prix négatif Amadeus ne bénéficiera que marginalement de la reprise du trafic aérien que nous attendons également particulièrement lente. Nous abaissons nos prévisions d’EBITDA 2020-22 de 28% et le consensus devra en faire autant. Le momentum va rester difficile et la valorisation est tendue après le rebond de mai. Opinion Alléger réitérée - >Un point bas violent mais attendu au T2 2020 - Amadeus pu...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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