Amadeus IT Holding SA : COVID-19 undermines the recovery expected in 2020. Still limited visibility
>Solid 2019 results despite a less robust showing in distribution - Amadeus’ 2019 results, reported Friday morning, were right in line with expectations, be it in terms of: i/ revenue: € 5.578bn, up 12.8%, with 6.4% in Q4, vs 6.8% expected by the consensus, ii/ EBITDA: € 2.245bn, i.e. a margin of 40.3%, down -100bp due to the integration of TravelClick and the dilutive impact from the new operations (payments, hospitality); and iii/ FCF: € 1.044bn (css: € 1.021bn). 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.
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