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Amadeus sees growth metrics in 2019 boosted by business expansion

November 07, 2019 / PhocusWire

Amadeus has attributed gains in revenue and EBITDA for the first nine months of 2019 to its diversification strategy and "resilience" in core segments. The travel technology giant reported a 15% increase in revenue year-over-year to €4.2 billion while EBITDA climbed just over 11% to €1.8 billion. Adjusted profit increased about 12% to €993 million up to the end of September this year. Revenue for the distribution division at Amadeus increased just over 5% to €2.4 billion, which the company puts down to an increase in bookings of almost 1%, "expansive" average revenue per booking and growth in its payment distribution business.