Amadeus' earnings rise by 12% due to the growth in the Asia-Pacific region

The hotel and airline technology company increased its profit by 12% in the first quarter of the year due to growth in the Asia-Pacific region and confirmed its targets.

Amadeus continued its positive performance during the first three months of the year thanks to the "continued strength of the Air Distribution, Technology Solutions for the Airline Industry, and Hotels and Other Solutions businesses," the company reported to the National Securities Market Commission (CNMV) and "despite the high degree of uncertainty," said Luis Maroto, CEO of Amadeus.

Its adjusted profit grew by 12.3% from January to March, reaching 363.7 million euros.

Revenue increased by 9.1% to €1.632 billion.

The Air Distribution business saw revenues grow by 8%, driven by a 2.5% increase in bookings and a 5% increase in revenue per booking. "Amadeus achieved solid booking growth in the quarter, thanks to commercial success in all regions. Growth was particularly strong in the Asia-Pacific region, where bookings increased by 10%," the company stated.

Revenue from the Airline Technology Solutions division increased 11%, driven by a 5.5% increase in passengers boarded in the Airline Technology Solutions division and a 5% increase in revenue per passenger boarded. The company experienced strong increases in passengers boarded in several regions, particularly in Asia-Pacific, where it reached 12%.

The positive trend in passenger boarding was driven by growth in global air traffic in the quarter and the positive impact of customer deployments.

Passenger revenue also reflects positive pricing effects, the success of selling additional solutions to customers, and continued expansion into airport technology solutions and airline consulting services.

Finally, revenue from the Hotels and Other Solutions business grew 11% in the quarter. Both the hotels and payments areas posted healthy growth throughout the quarter, driven by increased transactions and implementations with new customers.

Its adjusted operating profit ( EBITDA ) grew by 10.1% to €478.5 million.

Free cash flow in the first quarter stood at €261.8 million, a 22.1% decrease year-over-year. This translated into net financial debt of €1,875.5 million (equivalent to 0.79 times the EBITDA of the previous twelve months), €236 million lower than the previous year.

Upcoming expansion.