Amadeus has recorded a second healthy quarter reporting half-year revenue, for the period ended June 30, to €2.8 billion, an increase of 14% year-on-year.
The distribution giant reported EBITDA up about 11% to €1.2 billion and an almost 10% increase in adjusted profit to €666 million compared to the first half of 2018.
Luis Maroto, president and chief executive of Amadeus, puts growth in IT Solutions and Distribution arms of the business down to an “expanding customer base.”
He also says the company should maintain its “positive growth trend" in future financial reports.
Revenue for the Amadeus distribution business increased almost 5% to €1.6 billion with North America reported to be the fastest growing region for the half year.
Asia Pacific and Middle East-Africa were impacted by an industry booking decline with APAC bookings for Amadeus also affected by the cancelation of a distribution agreement and the liquidation of a carrier in India.
The company says that, excluding India, air bookings increased by 3.3%.
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Additional highlights in distribution included a 10-year extension of its partnership with Etihad Airways as well as the release of the Amadeus Travel API.
The API, designed with Travix, is an NDC connection enabling travel agents to access new air content and fares.
IT Solutions revenue increased 31% to almost €1.2 billion for the first half of 2019 with Amadeus reporting “healthy growth” in air IT solutions and “double-digit growth” in IT Solutions for new businesses (excluding TravelClick).
Conspicuous by its absence in the company's comments was an update on hospitality IT especially given the roll out of attribute-based pricing as part of the IHG Guest Reservation System.
During the analyst call, Maroto said that hospitality IT is seeing double digit growth even excluding TravelClick.
"It's performing and evolving very well and we feel there is interest for both the PMS and CRS and we will continue talking to customers. Hospitality has big potential but it's difficult to talk about concrete matters and negotiations."
Other noteworthy items during the quarter included the completion of the acquisition of Australia-based ICM Airport Technics, originally signed in March this year.