Amadeus IT Group : Underlying trends remain very positive, apart from monthly volatility
>Q3 2022 results ahead of expectations despite mixed net bookings - Amadeus reported its Q3 2022 results on the morning of Friday, 4 November. Q3 2022 revenues came in at € 1,218m, 1% above expectations. This reflects a decline in revenues of 13% vs Q3 2019, an improvement vs Q2 2022 (-17% below 2019). Air Distribution posted a 19% decline in revenues vs 2019 (vs -21% in Q2), 2% above expectations. However, net air bookings were 5% below expectations and reflected a s...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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