Amadeus IT Group : A solid Q1 2023. Continued favourable momentum in April and early May. 2023 Guidance reiterated with confidence
>Q1 2023 sales beat forecasts thanks to very solid passengers boarded volumes - Amadeus published solid Q1 2023 results yesterday before market open. Sales came in at € 1,311m, 2% above consensus expectations (€ 1,285m). This reflects a decline in activity of just 8% vs Q1 2019. This is an improvement vs Q4 2022, which was 13% below the 2019 level. As such, the air distribution activity generated revenue of € 679m, 15% below 2019 (Q4 2022 was 22% below 2019), 0.5% ab...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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