Amadeus delivers financial results

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MADRID - Amadeus IT Holding, S.A. parent company of the Amadeus Group, a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, has announced year-on-year financial and operating results for the year-to-date (nine months ended 30 September 2010). Adjusted net profit for the period increased 30.1% to reach €354.6m. This was backed by a growth in revenue of 12.1% to €2,053.6m and an improvement in EBITDA of 16.9% to €816.6m. Consolidated net financial debt on 30 September 2010 was €2,700.3m (based on covenants’ definition). This represented 2.7x last twelve months’ EBITDA, and was down by €588.2m vs. December 2009. Both the Distribution and IT Solutions businesses have played a role in the company’s positive performance figures during the year-to-date. Revenue in the Distribution area increased by 10.2 percent, rising from €1,387.6m to €1,528.9m. Total bookings increased by 7.7%, up from 314.2m to 338.6m. Amadeus also maintained its global leadership position in market share of travel agency air bookings during the first nine months of 2010.
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