Amadeus released its first quarter 2012 results today. A quick overview is as follows:
Q1 2012
- Net revenue – Euro 764.1 million (up from Euro 704.3 million y/y).
- Adjusted profit – Euro 167.9 million (up from Euro 137.4 million y/y).
- Adjusted EBITDA – Euro 307.2 million (up from Euro 291.4 million y/y).
Distribution revenue:
Q1 2012:
- Euro 597.6 million (up from Euro 553.5 million y/y).
IT revenue
Q1 2012:
- Euro 166.6 million (up from Euro 150.9 million y/y)
President and CEO Luis Maroto says:
“Once again this pleasing performance was underpinned by growth across both our businesses. Distribution’s revenue increased 8.0%, backed by 0.9 p.p. expansion of global market share; whilst IT Solutions’ revenue increased 10.4%, driven by successful migrations to our platform and the strong performance of our different solutions.
“Such consistent growth in revenues as well as new clients is a direct result of our long-term commitment to developing innovative customer-focused solutions and consolidating our global presence.”
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Bravo Amadeus. In such a tough economy to continue to produce solid profits is something to be proud of.