Amadeus: Q1 adjusted profit of E95m doesn't rock market
(CercleFinance.com) - The group generated revenues of 917.
2m in Q1 2022, representing 65.2% of Q1 2019 revenues, up 4.9% sequentially.
In air Distribution, Amadeus processed 91.7 million bookings, reaching 56.4% of Q1 2019 levels, up 5.6% sequentially.
In Air IT Solutions, passengers reached 264 million, representing 60.5% of Q1 2019 levels, with a 15.1% improvement relative to the previous quarter.
Meanwhile, EBITDA came in at 295.8 million euros, again less than half (49.7%) the level in Q1 2019. Adjusted earnings reached 95 million euros (28.4% of Q1 2019 levels) up 14.6% sequentially.
Amadeus' figures weren't really rocking the market though, with the share currently down 1.2%, slightly underperforming the market in Madrid (-0.8%).
Copyright (c) 2022 CercleFinance.com. All rights reserved.
2m in Q1 2022, representing 65.2% of Q1 2019 revenues, up 4.9% sequentially.
In air Distribution, Amadeus processed 91.7 million bookings, reaching 56.4% of Q1 2019 levels, up 5.6% sequentially.
In Air IT Solutions, passengers reached 264 million, representing 60.5% of Q1 2019 levels, with a 15.1% improvement relative to the previous quarter.
Meanwhile, EBITDA came in at 295.8 million euros, again less than half (49.7%) the level in Q1 2019. Adjusted earnings reached 95 million euros (28.4% of Q1 2019 levels) up 14.6% sequentially.
Amadeus' figures weren't really rocking the market though, with the share currently down 1.2%, slightly underperforming the market in Madrid (-0.8%).
Copyright (c) 2022 CercleFinance.com. All rights reserved.