Amadeus IT Group : Solid 2023 guidance thanks to market share gains and pricing power
>Q4 2022 results broadly in line with forecasts - Amadeus reported Q4 2022 results on Friday morning. Sales came to € 1.17bn, up +44.3% y/y and 1% below forecasts. This figure, 12.9% below Q4 2019 sales, reflects an expected stagnation of the recovery compared with Q3 (13.2% below 2019). This trend was visible at both divisions linked to air traffic (Air Distribution and Air IT Solutions), resulting in slightly lower sales than forecast, whereas the HOS business was ...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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