Amadeus released its first half 2012 results today. A quick overview is as follows:
H1 2012
- Net revenue – Euro 1,508.9 million (up from Euro 1,389.0 million y/y).
- Adjusted profit – Euro 332.5 million (up from Euro 263.7 million y/y).
- Adjusted EBITDA – Euro 606.9 million (up from Euro 572.1 million y/y).
Distribution revenue:
H1 2012:
- Euro 1,157.4 million (up from Euro 1,079.6 million y/y).
IT revenue
H1 2012:
- Euro 351.4 million (up from Euro 309.4 million y/y)
President and CEO Luis Maroto says:
“Despite the ongoing challenges of the global economic environment, this has been a successful first half of the year and we have continued our growth record.
“Once again this sustained improved performance was underpinned by growth across both our businesses: Distribution’s revenue increased 7.2%, backed by a 1.0 p.p. expansion of global market share; whilst IT Solutions’ revenue rose 13.6%, supported by a
27% growth in passengers boarded.“The global economic outlook remains uncertain, and air traffic and GDS volumes have shown weakness in recent months, driven by the economic environment. Nonetheless, we believe that our business model will continue to prove resilient and support good results for the second half of this year.”
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