Amadeus IT Group, S.A., a leading technology partner for the global travel industry, reported an adjusted profit of €738.1 million in the nine months to September 30, 2016. That represented a growth of 21.3% compared to the same period of 2015. This was driven by a revenue increase of 14.2%, to €3,386.5 million, and EBITDA growth of 16.4%, to €1,332.1 million. Free cash-flow generation grew by 18.2% in the first three quarters of the year, with the debt ratio at 1.21x EBITDA.
Travel and Tour World, a travel trade media and an information platform, is an all-inclusive and far-reaching B2B travel magazine. It aspires to build a network of travel and tour professionals across the globe to mark its presence in this increasingly competitive market. [TRAVELANDTOURWORLD.BLOGSPOT.COM]
Monday, 7 November 2016
Amadeus reports positive financial performance in first nine months of 2016
Amadeus IT Group, S.A., a leading technology partner for the global travel industry, reported an adjusted profit of €738.1 million in the nine months to September 30, 2016. That represented a growth of 21.3% compared to the same period of 2015. This was driven by a revenue increase of 14.2%, to €3,386.5 million, and EBITDA growth of 16.4%, to €1,332.1 million. Free cash-flow generation grew by 18.2% in the first three quarters of the year, with the debt ratio at 1.21x EBITDA.
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