Report
Nicolas David ...
  • Yan Derocles

Amadeus IT Holding SA : T2 sans grosse surprise. La visibilité reste très faible pour le S2 2020

>CA T2 2020 globalement en ligne avec les attentes - Le CA T2 d’Amadeus est ressorti à 260 M€, en baisse de -81% ; en ligne avec les attentes. Comme attendu, ce sont les revenus transactionnels liés au trafic aérien qui tirent l’activité vers le bas, et ce, d’autant plus que les métriques liées à ces flux sont inférieures aux attentes et à la baisse du trafic aérien mondial car le groupe, comme ses concurrents, i/ n’est pas exposé au marché local chinois, ii/ est très...
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
Nicolas David

Yan Derocles

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