Amadeus: Diversification sees revenue rise

Amadeus maintained solid financial growth in 2018, reporting a 6.6 per cent increase in revenue to €4,944 million for the year.

The figure was supported by the operating performance of both its distribution and IT solutions businesses, as well as the acquisition and consolidation of the TravelClick business from October.

EBITDA at the tech giant grew 9.7 per cent to €2,041 million in the year to December 31st.

Luis Maroto, president and chief executive of Amadeus, commented: “Amadeus maintained its long track record of revenue and profitability growth in 2018.

“Our diversification efforts, including the broadening of our hospitality offering through the acquisition of TravelClick, also supported our growth.

“Operationally, we have made good progress, maintaining a steady flow of new customer signatures and implementations in Airline IT.

“We have also continued to expand content for our subscribers with 50 new contracts or renewals of distribution agreements in 2018.”

In the distribution segment, travel agency air bookings grew 2.1 per cent to €580 million.

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