Amadeus IT Group SA
MAD:AMS
Amadeus IT Group SA
In the heart of Madrid, Spain, Amadeus IT Group SA stands as a formidable force in the travel technology industry, sculpting the ecosystem for global travel operations. With a rich history dating back to 1987, the company's narrative revolves around its innovative approach to connecting the worlds of airlines, airports, hotel chains, and travel agencies. By harnessing the prowess of their advanced technology, Amadeus provides an intricate blueprint for streamlining the travel experience. Their core offering lies in their sophisticated reservation and distribution systems, which not only power the booking engines of numerous airlines but also ensure seamless coordination among various entities within the travel supply chain. This integration is essential for travel operators to synchronize services, enhance efficiency, and ultimately create a superior experience for travelers worldwide.
Amadeus earns its revenues primarily through transaction-based service fees, which are levied on travel agencies and service providers for using their systems. Their software solutions cater to a vast spectrum of travel needs, from inventory and fare management for airlines to a comprehensive suite of IT services for airports and hospitality. The company finds itself consistently innovating to stay ahead in a fiercely competitive landscape, often reinvesting profits into research and development to adapt to the evolving demands of digital travel transformation. Through strategic partnerships and continuous technological advancement, Amadeus enables its clients to optimize operations, reduce costs, and offer enhanced personal experiences to their customers, thereby solidifying its pivotal role in the global travel industry.
In the heart of Madrid, Spain, Amadeus IT Group SA stands as a formidable force in the travel technology industry, sculpting the ecosystem for global travel operations. With a rich history dating back to 1987, the company's narrative revolves around its innovative approach to connecting the worlds of airlines, airports, hotel chains, and travel agencies. By harnessing the prowess of their advanced technology, Amadeus provides an intricate blueprint for streamlining the travel experience. Their core offering lies in their sophisticated reservation and distribution systems, which not only power the booking engines of numerous airlines but also ensure seamless coordination among various entities within the travel supply chain. This integration is essential for travel operators to synchronize services, enhance efficiency, and ultimately create a superior experience for travelers worldwide.
Amadeus earns its revenues primarily through transaction-based service fees, which are levied on travel agencies and service providers for using their systems. Their software solutions cater to a vast spectrum of travel needs, from inventory and fare management for airlines to a comprehensive suite of IT services for airports and hospitality. The company finds itself consistently innovating to stay ahead in a fiercely competitive landscape, often reinvesting profits into research and development to adapt to the evolving demands of digital travel transformation. Through strategic partnerships and continuous technological advancement, Amadeus enables its clients to optimize operations, reduce costs, and offer enhanced personal experiences to their customers, thereby solidifying its pivotal role in the global travel industry.
Revenue Growth: Amadeus reported 8% group revenue growth at constant currency year-to-date, with acceleration in Q3 and expectations for further improvement in Q4.
Margin Expansion: Adjusted EBIT increased by 9% at constant currency, and adjusted EBIT margin reached 29.8%, showing small expansion versus last year.
AI & Cloud Investments: Over EUR 1 billion invested in R&D this year, with significant focus on AI-driven solutions and nearing completion of cloud migration (96% complete).
Outlook Maintained: Management reiterated confidence in delivering full-year guidance, expecting revenues at the lower end of the range but faster growth in EBITDA and adjusted EBIT.
Hospitality Momentum: Hospitality segment revenue grew 8% in the first 9 months, with ongoing Marriott rollout and new customer wins like The Ascott Limited supporting future growth.
Distribution Resilience: Air Distribution revenue grew 8%, with strong revenue per booking growth and expanded partnerships, especially in Asia Pacific.
Buyback Completed: EUR 1.3 billion share repurchase program was completed, with leverage remaining stable at 0.9x net debt to EBITDA.
