Amadeus records growth of 17.9% in first half of 2016

Amadeus IT Holding has reported an adjusted profit of €494.5 million for the first half of 2016, recording a growth of 17.9 per cent compared to the same period of 2015. This was supported by a revenue increase of 15.1%, to €2,275.5 million, and EBITDA growth of 16.5%, to €907.1 million. Free cash-flow generation grew 23.2% in the first half, with the debt ratio at 1.31x EBITDA. They continue to invest in making the GDS the most efficient system for the distribution of travel products, as shown by the success of our merchandising solutions: 157 airlines trust us for the distribution of their ancillaries through the direct and indirect channels. The Airline IT business has also experienced strong growth in the first half of 2016. The number of passengers boarded using their Altéa platform grew by 10.9% supported by the organic growth of their customer base and new customer implementations. This strong performance was complemented by the acquisition of Navitaire from Accenture, finalised in January. Thanks to its contribution, the total number of passengers boarded using Amadeus’ PSS systems increased by 75.7%, to 622.4 million. At the same time, multiple global airlines continued to contract our solutions. Malaysia Airlines chose Amadeus as the their new PSS provider; Singapore Airlines contracted the full suite of Amadeus Revenue Management solutions; Lufthansa Group contracted Amadeus Altéa Departure Control Flight Management for all of its network airlines; and Avianca became the launch partner for Amadeus Anytime Merchandising.