Amadeus posts jump in net profit as global travel rises

May 9, 2012

Spain's Amadeus, the world's biggest processor of travel bookings, posted Wednesday a double-digit jump in its first quarter net profit on the back of a rise in global travel.

The company said its three months to March rose 22.1 percent from a year earlier to 167.9 million euros ($218.7 million) while sales were up 8.5 percent to 764.1 million euros.

The total number of bookings, for both flights and non-air travel, that used the company's rose 6.1 percent to 132.3 million.

The Madrid-based company said its market share of travel agency air bookings rose 0.9 percentage points during the first quarter to 38.2 percent.

"Following on from our strong outcome in 2011, the results from the first quarter of this year continue to be very encouraging," president Luis Maroto said in a statement.

"Despite the uncertain , we look forward to the remainder of the year with confidence."

The United Nations World Tourism Organization predicts the number of international tourist arrivals will rise this year by 3.0-4.0 percent, reaching the historic one billion mark by the end of the year

Explore further: ASML announces 151 mln euro net loss for 2009

Related Stories

ASML announces 151 mln euro net loss for 2009

January 20, 2010

Dutch company ASML, a key supplier of computer chip-making systems, reported a 151-million-euro (214-million-dollar) net loss for 2009 despite making a 50-million-euro fourth quarter net profit.

Dutch semiconductor tech company ASML reports profit

April 14, 2010

Dutch company ASML, a key supplier of computer chip-making systems, said Wednesday it had turned last year's losses into a 107-million-euro first quarter net profit, predicting record 2010 sales.

Dutch hi-tech company ASML profits rise

January 18, 2012

ASML, key global supplier of computer chip-making systems and high-tech bellwether, Wednesday posted record sales for 2011 alongside a fourth-quarter slump of nearly 30 percent in net income.

Amadeus posts 2011 profit of 453.7 bn euros

February 24, 2012

The Spanish group Amadeus, a world leading technology provider for the travel and tourism industries, posted on Friday a jump of 657 percent in 2011 net profit, owing to one-off effects.

SAP says profits up in first quarter

April 13, 2012

German software giant SAP said on Friday it was sticking to its full-year targets for 2012 after profits rose in the first three months.

SAP says profits up in first quarter

April 25, 2012

German software giant SAP said Wednesday it was sticking to its full-year targets for 2012 after net profit rose 10 percent in the first three months.

Recommended for you

Robo-whiskers mimic animals exploring their surroundings

August 4, 2015

Many mammals, including seals and rats, rely on their whiskers to sense their way through dark environments. Inspired by these animals, scientists working at the University of Illinois at Urbana-Champaign and Illinois' Advanced ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.