Amadeus IT Group : Guidance for 2024 which reflects the group’s growth potential
>Q4 results in line thanks to price effects, whilst volumes disappointed - On Wednesday morning, Amadeus published Q4 2023 results that were broadly in line, with revenue of € 1,355m, in line with forecasts (consensus: € 1,352m), up 15.7% y-o-y. Booking volumes fell short of forecasts (102m vs 108m est.), marking a sequential deterioration of -4 points vs the recovery posted in Q3. This was notably due to the negative impact of a Direct Connect disintermediation proje...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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