Report
Yan Derocles

Amadeus IT Holding SA : Un ton rassurant sur le GDS et des NBU toujours aussi dynamiques

>Un T3 en ligne avec les attentes mais une déception sur le GDS… - Amadeus a publié hier un T3 totalement en ligne avec les attentes avec un EBITDA à 510 M€ (+9.4%) pour un CA en croissance de 5.5% à 1 207 M€, soit une marge de 42.2% (+151 pb). Le FCF est stable à 341 M€ en raison d’une hausse de 11% des Capex et aboutit à une dette nette de 1 892 M€, soit un ratio dette nette/EBITDA de 0.95x (1.56x en incluant Travel Click). Toutefois, la pression sur les réservation...
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

Other Reports on these Companies
Other Reports from Oddo BHF
Klaus Ringel
  • Klaus Ringel

ResearchPool Subscriptions

Get the most out of your insights

Get in touch