In particular, the migration of travel agencies from Topas to Amadeus’ platform at the end of the third quarter of 2014 supported its booking increase.
Amadeus announced year-on-year financial and operating results for the full year of 2014 (twelve months ended December 31, 2014).
Adjusted profit for the period, including M&A activities, grew 9.9% to €681.1 million. This was backed by an increase in revenue of 10.1%, to €3,417.7 million, and EBITDA growth of 9.9%, to €1,306.0 million.
Total air travel agency bookings increased 5.2%, to 466.5 million. This was backed by a percentage points expansion of Amadeus’ market share of travel agency bookings to 40.7%.
In particular, the migration of travel agencies from Topas to Amadeus’ platform at the end of the third quarter of 2014 supported its booking increase.
Amadeus signed distribution agreements with 15 new hybrid and low-cost airlines, and to date, 79 low-cost carriers have become Amadeus distribution partners. Bookings from travel agencies on low-cost carriers were up by 16% year-on-year during 2014.
Sales of merchandising solutions from Amadeus maintained momentum with 31 new airlines signing-up for the Amadeus Airline Ancillary Services solution during 2014. This includes Etihad Airways, the first airline in the United Arab Emirates to deploy the solution.
A multi-year agreement was reached with Ctrip, China’s leading travel company in terms of market capitalisation, to include the provision of all air content for points of sale outside of mainland China.
In IT solutions, revenue grew 22.5%, to €962.6 million (including M&A activity). Excluding acquisitions, revenue increased 12.9% to €887.3 million.