Travelport second quarter 2012 results - at-a-glance summary

Travelport second quarter 2012 results – at-a-glance summary

Travelport released its second quarter results for 2012 today. A quick overview follows:

Top-line Q2 2012:

Net revenue – $506 million (down from $530 million y/y).
Operating income – $63 million (down from $66 million y/y).
Adjusted EBITDA – $120 million (down from $136 million y/y).

Top-line H1 2012:

Net revenue – $1,056 million (down from $1,061 million y/y).
Operating income – $129 million (down from $145 million y/y).
Adjusted EBITDA – $260 million (down from $283 million y/y).

Operating segments Q2 2012:

Americas – 43 million (down from 45 million y/y).
Europe – 20 million (down from 21 million y/y).
MEA – 10 million (up marginally from 10 million y/y).
Asia-Pacific – 14 million (down marginally from 14 million y/y).
TOTAL – 87 million (down from 90 million y/y).

Operating segments H1 2012:

Americas – 92 million (down marginally from 92 million y/y).
Europe – 44 million (down from 45 million y/y).
MEA – 20 million (up marginally from 20 million y/y).
Asia-Pacific – 29 million (down marginally from 29 million y/y).
TOTAL – 185 million (down from 186 million y/y).

President and CEO Gordon Wilson says:

“I am pleased to announce continued growth in Revenue Per Segment driven by our enhanced content and product offering and demonstrating the strength in our underlying business model.

“Our first half performance is in line with management expectations despite the continued macroeconomic uncertainty which resulted in softer Q2 year on year segment volume as compared to Q1 across both the USA and Europe, the largest travel geographies.”