Amadeus IT Holding SA : GDS rallying and IT gaining in maturity
>Q1 2019 EPS 1.3% higher than forecasts - Amadeus provided reassurance after Sabre's cautious comments. Q1 2019 EBITDA rose 13.8% to € 599.8m (1.1% ahead of the company-compiled consensus) on sales growth of 14.6% to € 1,409.9m. Over and above the unquantified contribution from the consolidation of TravelClick, the quarter was buoyed by: i/ the noted resumption in market share gains in GDS; ii/ a rise in unit fees in distribution (4%) buoyed by a favourable mix (fewer...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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