Amadeus IT Group : Q1 performance heading in right direction pending CMD in June
>Good Q1 performance despite adverse calendar effect - Bookings growth in Q1 (+2.8% y-o-y for bookings still 23% below Q1, stable relative to Q4) was impacted by the unfavourable positioning of the Easter vacation, for an impact of c. -1.5 pt by our calculations. This calendar effect, coupled with the loss of some local bookings in the US migrated to direct connect (stable impact vs Q4), had an impact of -5 pt on bookings growth in Q1. This factor was largely offset b...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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