Amadeus IT Holding SA : No major surprises in Q2. Visibility remains very weak for H2 2020
>Q2 2020 revenues broadly in line with forecasts - Amadeus reported Q1 revenues of € 260m, down -81%, in line with forecasts. As expected, it was the transactional revenues linked to air traffic that drove activity down, particularly as the metrics linked to these flows came in below forecasts and below worldwide air traffic because the group, like peers, i/ is not exposed to the local Chinese market; ii/ is highly dependent on international and business traffic and i...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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