Amadeus reports sales of 5441 ME for 2023, up 21.3% on the previous year.
EBITDA came to ME 2063, up 29.8%, for adjusted earnings of ME 1124, up 59.8%, giving adjusted EPS of 2.51 euros, up 60.7%.
'In 2023, Amadeus experienced strong growth, expanding profitability and high cash flow generation. This has enabled us not only to resume dividend payments, but also to announce share buyback programs totaling over 1 billion euros in 2023' commented Luis Maroto, President & CEO of Amadeus, who also said he was 'optimistic' about growth 'in 2024 and beyond'.
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Amadeus IT Group, S.A. owns and operates the world's No. 1 travel distribution and reservation computer system. The group's system allows travel agencies and airline sales offices to make reservations to hotels, car rental agencies, and service providers (including ocean transportation companies, tour operators, cruise lines, etc.).
The group is also involved in supplying computer services and marketing services for online reservation software and data flow management software.
Net sales are distributed geographically as follows: Spain (2.6%), Germany (6.4%), the United Kingdom (4.7%), France (4.2%), Europe-Middle East-Africa (30.7%), the United States ( 22.4%), America (9%) and Asia-Pacific (20%).