Amadeus has reported a 6.6% increase to revenue of almost €5 billion for the full year in 2018.
EBITDA increased almost 10% to just over €2 billion.
Travel agency bookings increased 2% to 580 million while passengers boarded via Amadeus IT Solutions increased 12% to 1.9 billion.
Highlights for the company include a 2.8% increase in distribution revenue to €3 billion with “good progress” in terms of bookings noted in Asia Pacific and North America while Western Europe saw a decline.
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Over the course of the year, Amadeus says it signed 50 new airline contracts or renewals, as well as an agreement with Air France-KLM for distribution via a private channel.
IT Solutions increased revenue by 13% to almost €2 billion, which is attributed to volume expansion in Airline IT and “double digit growth” from new businesses.
Asked to comment on Sabre's acquisition of Farelogix, president and chief executive Luis Maroto said it was proof of "the importance of having merchandizing capabilities for all players."
"I'm not going to judge Sabre's investment. We decided to do big investments and Sabre has decided to acquire Farelogix. We were expecting them to make the right investments in this field so competition will continue to happen in this space as expected."
In hospitality IT Solutions, the company gives a nod to the roll-out of the Guest Reservation System with InterContinental Hotels Group as well as the $1.52 billion acquisition of TravelClick, which was completed in October.
During an earnings call, Maroto said the company expects to sign contracts for both its reservations and property management system in the coming year as well as "continue driving growth in the areas where we have acquired."
He also said the company was focused on delivering the PMS to Premier Inn, a contract it announced in November 2017 but that the technology would need to evolve further to be able to address higher end hotels.
Rail also gets a mention with Amadeus contracted to design a booking solution for Swiss Federal Railways in 2018.
Maroto says:
"Amadeus maintained its long track record of revenue and profitability growth in 2018. Our diversification efforts, including the broadening of our hospitality offering through the acquisition of TravelClick, also supported our growth."
The company also began distributing China Railway content outside of the mainland in January 2019.