Profits up at Amadeus parent
Amadeus IT Holding has announced a 5.2% increase in its first-half profit.
For the six months to June 30, the technology company achieved an adjusted profit of €349.6m.
This was backed by growth in revenue of 5.7% to €1,595.1m and a 6.3% rise in EBITDA (earnings before interest, taxes, depreciation and amortization) to €645.9m. Consolidated net financial debt was further reduced to €1,319.8m.
Amadeus president and chief executive, Luis Maroto, said: "Despite the sector’s considerable technological complexity and economic challenges, our innovation helps customers adapt and compete.
"Continued investment in product evolution and portfolio expansion was key to our growth record."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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