Amadeus Full Year 2005 Results; Amadeus grew revenue in 2005 by 17.6% to EUR 2,418.3m
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Amadeus Full Year 2005 Results; Amadeus grew revenue in 2005 by 17.6% to EUR 2,418.3m
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-04-27
industry, today announced its financial results for the full year which ended on 31 December, 2005.
Total bookings grew by 4.2% to 473.3m. Online bookings, from all providers, grew by 34.1% and now represent 12% of the total. Amadeus retains its leadership position in travel agency air reservations with 29.24% of the worldwide market share at the end of the year, up 0.44 percentage points year-on-year. Total revenue grew by 17.6% to EUR 2,418.3m, with an increasing proportion coming from IT services.
"In 2005 we extended our core business and achieved key milestones in our diversification strategy," says José Antonio Tazón, President and CEO, Amadeus, "In our distribution business, we secured the low-fare content of the world's most important airlines, including fifty-seven airlines which signed up to our Full Content Option. The programme gives travel agents access to their low fares, full schedules and last-seat availability. Similarly, travel agents can now book 61,000 hotels in the Amadeus distribution system, which is 4,000 more than a year ago."
"In airline IT, the Star Alliance signed a milestone contract for a common IT platform and we launched a suite of IT solutions for low-cost carriers. On the hotels side, 6,500 hotels now use Amadeus technology solutions. Over 99% of travel agencies connect to the Amadeus system using internet protocol and we have migrated over 200,000 travel agency points of sale to the browser-based Amadeus Selling Platform."
"All this was achieved while we were the subject of the third-largest leveraged buy-out in European history. Now that Amadeus is a private company, we are not obliged to publish financial results but in the interests of transparency we will issue periodic updates of revenue, bookings and market share."
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