Amadeus IT Group : Solid set of Q3 results, in line at top-line level but 3%/6% above at EBIT/EPS levels. FY 2024 guidance reiterated despite weaker payment business
>Q3 sales in line with strong Air Distribution performance compensating for HOS - Q3 revenue was € 1,548.0m, up 11.0% y-o-y, roughly in line with Css expectations and -1.0% below our expectations (vs ODDO BHF: € 1,564.4m; Css: € 1552.6m). Air Distribution revenues came in at € 724.4m, up 8.6% y-o-y, up +2.0% vs Q3 2019. This figure is 1.6% above expectations (vs ODDO BHF: € 714.1m; Css: € 713.3m). Air Distribution Bookings came in at 117.5m, up 4.4% y-o-y, 1.9% above ...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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