In the third quarter of 2024, Amadeus reported a substantial group revenue of $1.6 billion, marking an impressive year-over-year growth of 11%. This growth trajectory indicates a robust recovery and expansion of the technology and distribution company within the travel industry. Key revenue drivers included air distribution, which rose by 9% to reach $781 million, and air IT solutions, which experienced an even more impressive increase of 14%, amounting to $575 million. Furthermore, their hospitality and other solutions divisions contributed significantly, achieving a revenue boost of 12%, totaling $268 million for the quarter.
An important metric reflecting the company’s operational efficiency is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which rose to $651 million—indicating a 10% year-over-year increase. This improvement in EBITDA illustrates Amadeus’s ability to manage costs and enhance profitability amid a competitive landscape. The company’s net profit also reflected this positive trend, increasing to $369 million, up from $325 million in the same period last year. This continued progression in profitability emphasizes the successful execution of Amadeus’s strategic initiatives.
When analyzing the results from January to September 2024, the figures reveal a promising outlook for the company. Air distribution revenue climbed by 10% to $2 billion, while air IT solutions generated a significant $1.7 billion, growing by 16%. The hospitality sector wasn’t left behind, seeing a near 13% increase, resulting in $792 million. Cumulatively, the group revenue for the first nine months rose almost 13% to reach $5 billion. This sustained growth across various sectors underlines Amadeus’s strategic positioning and adaptability in the evolving travel landscape.
Luis Maroto, the president and CEO of Amadeus, conveyed a confident perspective on the company’s current standing and future potential. He stated, “We have delivered a high-growth, profitable and cash-generative evolution in the first nine months of 2024, supported by strong performances across our businesses.” Maroto’s remarks underline a robust operational foundation and a positive sentiment regarding upcoming growth opportunities. The statement reflects a strategic vision that is resilient and growth-oriented.
As Amadeus prepares for the fourth quarter and beyond, its positive financial results underscore the efficacy of its business model and strategic endeavors. With a strong performance across all sectors and a commitment to exploiting future growth opportunities, Amadeus appears well-positioned to thrive in the coming months. The strong financial metrics alongside executive confidence suggest a dynamic and promising trajectory, paving the way for sustained success in the travel technology sector.