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.â€
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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