Amadeus IT Group : Solid set of Q2 results, slightly above expectations on the bottom line. FY 2024 guidance reiterated
>Q2 topline trends: stronger revenue per PB and solid booking fees compensating slightly lower volumes - Q2 revenue was € 1556m, up 12.7% y-o-y. This figure is in line with consensus expectations and -1% below our expectations (vs ODDO BHF: € 1,571.5m; css: € 1,556.5m). Air Distribution revenues came in at € 741.6m, up 8.8% y-o-y, down only -1.1% vs Q2 2019. This figure is -0.6% below expectations and -1.5% below our expectations (vs ODDO BHF: € 753.0m; css: € 745.9m)...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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