Good financial formula to Sep 2017 and continued swell opposite all the businesses

BANGKOK, THAILAND – Amadeus reports good financial enlargement in a initial 9 months of a year. The clever handling opening in Distribution, Airline IT and new businesses, as good as a Navitaire converging outcome contributed to this certain evolution. 

Amadeus IT Group, S.A., a heading record partner for a tellurian transport industry, achieved practiced distinction of 846.7 million euros during a 9 initial months of 2017. This represents an boost of 14.7% compared to a same duration final year. Amadeus’ income grew 8.9% from Jan to September, to 3,686.6 million euros, while EBITDA increasing 10.1% to 1,466.3 million euros.

Third entertain of a year highlights (nine months finished Sep 30, 2017)

  • Revenue increasing 8.9%, to 3,686.6 million euros
  • EBITDA grew 10.1%, to 1,466.3 million euros
  • In a Distribution segment, sum transport group atmosphere bookings grew 6.0% to 434.4 million
  • In IT Solutions, Passengers Boarded increasing 19.4% to 1,228.1 million

Luis Maroto, President CEO of Amadeus, commented: “Amadeus confirmed a certain enlargement in a 9 initial months of a year. All of a businesses achieved well, that contributed to a 10.1% boost in EBITDA.

“We had critical developments in a Airline IT segment. We sealed poignant deals with heading airlines such as Air Canada, that serve strengthens a participation in North America following a Southwest Airlines’ domestic flights emigration in May. In a Distribution segment, a bookings continued outperforming a attention interjection to enhancements in a rival position.

“Our new businesses also achieved well, display a strength of a diversification strategy. We stretched a Hospitality portfolio with Premier Inn, that sealed adult for a dual pivotal capabilities (CRS and PMS) of a Hospitality Platform to be means to offer a personalised knowledge to a guests. The hotel method also sealed adult for a payments height to streamline remuneration processes. Our Airport IT patron bottom also increasing significantly, with agreements with airports around a universe such as Calgary in Canada, Pittsburgh in a U.S and Baku in Azerbaijan.

“Given a solid course of a businesses via these past 9 months, we demeanour brazen to a rest of a year with confidence.” 

Financial highlights for a initial 9 months of a year
Amadeus underlying financial conditions remained strong. Net financial debt as per a financial covenants’ terms amounted to 1,691.1 million euros during Sep 30, 2017 (0.92 times last-twelve-month compact EBITDA).

Business highlights for a initial 9 months of a year

  • Revenue increasing to 2,382.0 million euros, 7.3% compared to a same duration of 2016
  • Travel group atmosphere bookings grew 6.0% to 434.4 million – outperforming GDS attention enlargement of 4.4%

The certain opening of a Distribution shred was upheld by an boost in volumes and normal section income expansion. Non-booking income also increasing interjection to a certain grant from hunt solutions, collection for corporations, promotion solutions and a remuneration solutions for transport agencies.

Travel group atmosphere bookings grew opposite all regions, with Asia and Pacific and Latin America induction a aloft enlargement levels during 11.6% and 11.5% respectively. As a outcome of this certain progression, a transport group atmosphere rival position increasing by 0.6 commission points, to 43.6%.

During a third entertain of 2017, a association sealed 8 new contracts or renewals of calm agreements with airlines, reaching a sum of 29 for a initial 9 months of a year. Air Canada and Avianca Argentina were among a carriers that sealed or renewed calm agreements in a third quarter.

Subscribers to Amadeus’ register can now entrance over 100 low cost carriers (LCC) and hybrid carriers’ calm worldwide. Among them is Eurowings, that engaged Amadeus Light Ticketing in September. Thanks to this XML connectivity, transport agents connected to a Amadeus complement can now book all published Eurowings fares, as good as supplement seats, bags and other ancillaries to a booking. Amadeus is a usually placement height to offer this far-reaching operation of Eurowings calm to a transport group users.

At a tighten of September, 136 airlines had sealed adult to Amadeus Airline Ancillary Services for a surreptitious channel, with 104 of them already implemented. Also, 62 airlines had engaged Amadeus Fare Families, that allows airlines to discharge branded fares. 48 of those airlines had implemented a solution. As of Sep 30, tighten to 70% of a tellurian atmosphere bookings processed by a Amadeus complement were authorised to lift an trustworthy subordinate service.

We also extended a placement capabilities as partial of a continual bid to urge a offering. In October, Amadeus achieved New Distribution Capability (NDC) Level 1 acceptance as an aggregator from IATA. This acceptance follows on from Amadeus apropos one of a initial record companies to accept NDC Level 3 acceptance as an IT provider in Jun 2016, a top turn of acceptance available. Navitaire is also NDC Level 3 certified. Amadeus is working towards serve certifications and design to turn Level 3 approved as aggregator in 2018.   

The association also announced it will commander IATA’s new One Order customary with British Airways. This industry-led customary replaces a mixed booking, ticketing, delivery, and accounting methods with one singular method government process. The customary will outcome in a light disappearance of mixed bequest annals that will be transposed by only one transport document.

IT Solutions

  • Revenue grew 11.8% to 1,304.7 million euros
  • Amadeus passengers boarded increasing 19.4%, to a sum of 1,228.1 million

Revenue enlargement in this shred was driven by a certain opening of Airline IT, upheld by 19.4% aloft volumes, and a flourishing trend of a new businesses.

Airline IT
Growth in this shred was definitely impacted by a converging of Navitaire New Skies passengers boarded (consolidated given Jan 26, 2016). Excluding this impact, a volumes grew during a double-digit rate fuelled by 7.8% organic enlargement and new conduit implementations.

At a tighten of September, 201 business had engaged possibly of a Amadeus Passenger Service Systems (Altea or New Skies) and 192 had implemented these systems. As partial of a devise to raise patron knowledge and urge profitability, Air Canada engaged a full Amadeus Altea Suite in September, including a reservation, inventory, and depart control solutions. In further to these, a airline also sealed adult for a operation of other Amadeus IT solutions such as Anytime Merchandising, Customer Experience Management, Payments and Passenger Recovery.

MIAT Mongolian Airlines also sealed adult for a full Amadeus Altea Suite, together with Amadeus Altea Revenue Management and Amadeus Loyalty Management. Avianca Argentina engaged a full Altea Suite, and with e-commerce solutions.

flyadeal, Saudia Airlines’ new low cost subsidiary, implemented New Skies as good as Navitaire’s Revenue Accounting solution. Swoop, WestJet’s new ultra-low cost carrier, announced during a entertain that it had comparison Navitaire as a reservation system.

Growth in this shred was also upheld by upselling. Middle East Airlines, already a patron of a Revenue Integrity solution, engaged Amadeus Revenue Management, Amadeus Payments height and Amadeus Reservation Desktop in September. Thanks to these solutions, a airline will be improved positioned to broach a seamless newcomer knowledge in a some-more cost-effective manner.

Moreover, Finnair contracted Amadeus Digital API to make a engagement slight easier and some-more flexible. Thanks to Amadeus’ innovative Digital API, Finnair’s engagement slight will adjust to a patron requirements, rather than follow a common airline engagement sequence. Travellers will be means to start a engagement with automobile rental, for example, or by date, instead of following a common routine. Also, a Digital API will concede for selling carts and sessions to sojourn open for several months, definition that travellers can start a engagement during, tighten their event anytime, and collect adult where they left off to finish their booking.

New businesses

Company’s liberality business continued expanding. In October, Premier Inn sealed adult for dual pivotal capabilities of a Hospitality Platform: a Central Reservation System (CRS) and a Property Management System (PMS). Together, these dual capabilities will offer Premier Inn a 360° perspective of a 765 properties and will concede a hotel method to personalise a offering. The CRS and PMS will also work as a substructure for Premier Inn’s digital selling mutation programme. Premier Inn will also be a initial hotel method to adopt a Amadeus Payments height to streamline remuneration processes.

Airport IT
Amadeus also finished critical milestones in a Airport IT business during a third quarter. Heydar Aliyev International Airport sealed adult for Amadeus’ full apartment of airfield solutions, including Amadeus Common Use Service (ACUS), Airport Common Use Service (Baggage and Reconciliation System (BRS)). The Baku-based airfield will have a region’s initial entirely programmed cloud-based airfield government system.

Both Calgary International Airport and Pittsburgh International Airport contracted its Airport Operational Database (AODB) and Resource Management System (RMS) solutions. These solutions concede airports to conduct and optimise all moody activity as good as devise and allot stationary resources including gates, counters, container carousels, and confidence checkpoints.

In September, Amadeus announced a partnership with Off Airport Check-In Solutions (OACIS) to launch a world’s initial ‘pop up’ check-in service. Using Amadeus’ ACUS cloud technology, OACIS can yield travellers with an off-airport, entirely mobile check-in use that can be set adult during any location. OACIS checks-in a traveller and their luggage, firmly transports their bags and places them directly into a airfield container system. Virgin Australia is a initial airline to adopt a complement and has already piloted it during a Sydney abroad newcomer depot for journey ships and sea liners.

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