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Amadeus IT Holding, S.A, parent company of the Amadeus Group, has recorded a profit of €619.5 million for 2013.
The company, which owns and operates the Amadeus global distribution system, used by travel agents to book airline tickets and hotel rooms, said profits grew 7.8 per cent from 2012. This was supported by an increase in revenue of 6.6 per cent to €3.1 million.
The company’s end of year financial results showed a large area of growth in air travel agency bookings, which increased by 6.5 per cent to 443.4 million compared to 2012, on the back of strong growth in North America and Latin America.
Its net debt dropped £237 million to £997 million.
Amadeus, CEO and president, Luis Maroto, said: “Amadeus has maintained its record of delivering success both in revenues and profitability. Our transaction-based business model has continued to be resilient in the face of industry challenges, while our investment in R&D, which drives product evolution and portfolio expansion, has contributed to our continued growth.
“Even in the context of slow growth in the wider market, Amadeus continued to outperform the travel distribution industry and reinforce its leading position in the air distribution segment, with a market share increase to 40.1% in total air travel agency bookings.”