Report
Yan Derocles

Amadeus IT Holding SA : Guidance 2019 confirmée mais nous ajustons notre FCF

>Un T2 sans surprise - Amadeus a publié hier un T2 2019 sans surprise. L’EBITDA est ressorti à 593.6 M€ (ODDO BHF: 593 M€, Cons : 592.1 M€), en hausse de 10.1% pour des ventes en croissance de 14.2%. La marge recule de 155 pb à 41.7% principalement en raison de la consolidation dilutive de Travelclick mais aussi de la forte croissance d’activités moins matures comme la solution de paiement B2B Wallet et les NBU. Par division, la distribution affic...
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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