Published on Monday, June 27, 2011

Amadeus approves dividend

Amadeus shareholders have approved an annual dividend of €134.3 million.

This represents a pay-out of 35% of the 2010 reported profit for the year and has a value of €0.30 per share and will be paid on July 27.

President & CEO Luis Maroto said: “2010 was a positive year for Amadeus, firstly because of the success of our return to the stock market, but also because our transaction-based model again proved adaptable and allowed us to benefit from the improvement in global travel.

“As a result, we further strengthened our financial position by substantially reducing our financial debt and our adjusted profit for the year grew by 24.3% to total €427.4 million.”

By Bev Fearis

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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.