DUBAI — Amadeus, a leading technology partner for the global travel industry, reports year-on-year financial and operating results for the first nine months of 2015 (nine months ended September 30, 2015).
Adjusted profit excluding acquisition costs for the period grew 9.6% to €611.9 million. This was driven by an increase in revenue of 14.7%, to €2,964.8 million, and EBITDA excluding acquisition costs growth of 10.6%, to €1,149.6 million.
Luis Maroto, president & CEO of Amadeus, said: Our focus on delivering revenue-generating technology to our partners has improved our competitive position1 in the market, supporting growth in both revenues and profit. Our strong financial performance has allowed us to continue investing in key areas and I am proud to say that our commitment to shaping the future of travel was recently recognised by the Dow Jones Sustainability Indices (DJSI) through our inclusion for a noteworthy fourth consecutive year. We look forward with confidence to the completion of the full year.“
Over 80% of the airline bookings made through the Amadeus system worldwide are made with airlines that have a content agreement. During the third quarter new signings, or renewals of existing content agreements, were reached with 9 full-service carriers including Etihad Airways, the national airline of the United Arab Emirates, Air Canada, which serves 38 million passengers a year, and Aeromexico, the largest airline in Mexico.
Etihad Airways is the first Middle Eastern carrier to implement Amadeus Fare Families, a completely automated solution that allows airlines to brand and differentiate their products in the indirect channel. To date, 17 airlines have implemented Amadeus Fare Families to distribute their branded fares through Amadeus.
Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies).
The Amadeus group employs around 13,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organisations globally. — SG
