Amadeus Announces Results for First Nine Months of 2011

Amadeus Announces Results for First Nine Months of 2011

Amadeus IT Holding, S.A., parent company of the Amadeus Group, a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, has announced year-on-year financial and operating results for the year-to-date (nine months ended September 30, 2011).

Adjusted profit for the first nine months increased 19.5 percent to reach 400.6 million euros. This was backed by a growth in revenue from continuing operations of 3.7 percent to 2,059.8 million euros and an improvement in EBITDA from continuing operations of 6 percent to 835.6 million euros.

Excluding the impact of the sales of equity stakes in Vacation.com and Hospitality Group during 2010, and the impact of a change in treatment of certain bookings within IT Solutions, revenue grew by 5.4 percent2.

The Distribution and IT Solutions businesses both played significant roles in the company’s performance during the first nine months of the year. Revenue in the Distribution area increased by 3.9 percent (4.7 percent excluding the impact of the sale of Vacation.com), rising to 1,588.4 million euros.

Amadeus also increased its global market share of travel agency air bookings by 0.9 percentage points, maintaining its leadership position with 37.2 percent of the global market share of travel agency air bookings during the first nine months of 2011.

IT Solutions continued its growth record with an increase in revenue of 3.1 percent during the first nine months (7.6 percent excluding the impact of the sale of Hospitality Group and the change in treatment of certain bookings) to 471.4 million euros. Passengers Boarded (PB) increased by 21.0 percent in the same period, rising from 270.6 million to 327.5 million.

The financial performance for the first nine months is backed by strong year-on-year results for the third quarter of the year: Amadeus’ adjusted profit increased by 36.6 percent, up from 100.2 million euros to 136.8 million euros, total revenues were up by 3.3 percent (4.6 percent excluding the impact of the sale of Vacation.com and Hospitality Group) from 649.2 million euros to 670.8 million euros, and EBITDA rose by 6 percent from 248.5 million euros to 263.5 million euros.