Amadeus IT Group, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:32 am
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Amadeus IT Group, S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 1,217.6 million compared to EUR 739.1 million a year ago. Net income was EUR 202.7 million compared to EUR 9 million a year ago. Basic earnings per share from continuing operations was EUR 0.45 compared to EUR 0.02 a year ago. Diluted earnings per share from continuing operations was EUR 0.44 compared to EUR 0.02 a year ago.
For the nine months, sales was EUR 3,317.4 million compared to EUR 1,860.2 million a year ago. Net income was EUR 521.1 million compared to net loss of EUR 121.3 million a year ago. Basic earnings per share from continuing operations was EUR 1.16 compared to basic loss per share from continuing operations of EUR 0.27 a year ago. Diluted earnings per share from continuing operations was EUR 1.13.
Amadeus IT Group, S.A. owns and operates the world's No. 1 travel distribution and reservation computer system. The group's system allows travel agencies and airline sales offices to make reservations to hotels, car rental agencies, and service providers (including ocean transportation companies, tour operators, cruise lines, etc.).
The group is also involved in supplying computer services and marketing services for online reservation software and data flow management software.
Net sales are distributed geographically as follows: Spain (2.6%), Germany (6.4%), the United Kingdom (4.7%), France (4.2%), Europe-Middle East-Africa (30.7%), the United States ( 22.4%), America (9%) and Asia-Pacific (20%).