Amadeus IT Holding SA : No surprises in Q1 earnings but the consensus likely to adjust downwards
>A -27% decline in activity in Q1, unsurprisingly... - Amadeus this morning published Q1 2020 revenues of € 1,022m, down -27% in line with the announcements of 2 April 2020 (-25%/-30%) and in line with forecasts (consensus: -28%, ODDO BHF: -24%). As expected, the distribution activity (56% of 2019 revenues) was harder hit posting a -46% decline y-o-y. The marked decline in the GDS market was -46.6% over the quarter since the decline in traffic (-17% according to the 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.