Amadeus IT Group : CMD feedback: Confident message on growth, better valuation justified
>Growth guidance well ahead of expectations - Amadeus yesterday in London held its first CMD since 2016, an opportunity for management to present and clarify the guidance issued yesterday morning (see tables on page 2). These targets, which clearly rule out any new acquisitions, are seen as relatively cautious as they are mostly based on the large contracts already signed. In the event of good air traffic trends and based on IATA projections (c. 7-7.5% CAGR for 2...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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