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Profits up at Amadeus parent

Friday, 2 August 20133 min read

Amadeus IT Holding has announced a 5.2% increase in its first-half profit.

For the six months to June 30, the technology company achieved an adjusted profit of €349.6m.

This was backed by growth in revenue of 5.7% to €1,595.1m and a 6.3% rise in EBITDA (earnings before interest, taxes, depreciation and amortization) to €645.9m. Consolidated net financial debt was further reduced to €1,319.8m.

Amadeus president and chief executive, Luis Maroto, said: "Despite the sector’s considerable technological complexity and economic challenges, our innovation helps customers adapt and compete.

"Continued investment in product evolution and portfolio expansion was key to our growth record."