Amadeus IT Group, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
July 29, 2022 at 08:18 am EDT
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Amadeus IT Group, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 2,099.7 million compared to EUR 1,121 million a year ago. Net income was EUR 318.6 million compared to net loss of EUR 143.9 million a year ago. Basic earnings per share from continuing operations was EUR 0.71 compared to basic loss per share from continuing operations of EUR 0.32 a year ago. Diluted earnings per share from continuing operations was EUR 0.69 compared to diluted loss per share from continuing operations of EUR 0.3 a year ago.
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%).