Amadeus reports strong growth in 2024
The company closed 2024 with strong financial results, driven by double-digit revenue growth and higher profitability
The Spain-based travel technology company saw significant growth in air distribution, air IT solutions and hospitality solutions, driving its overall financial success. CEO Luis Maroto highlighted the company's expansion and profitability, highlighting strategic investments, key partnerships and a new share buyback program. With a positive outlook for 2025, Amadeus remains focused on innovation and industry transformation.
Key takeaways
- Strong financial performance: Amadeus' total revenue grew 13% to €6.1 billion, with EBITDA up 13% to €2.3 billion and underlying profit up 20% to €1.3 billion;
- Growth in Air Distribution and IT: Air Distribution sales increased 11% for the year (€2.9 billion), while Air IT Solutions grew 16% (€2.2 billion);
- Hospitality Solutions expansion: Revenues in this segment grew 12% to €991 million for the full year;
- Strategic partnerships & acquisitions: Amadeus signed Air France-KLM for its Nevio platform, adding to previous agreements with British Airways, Finnair and Saudia. It also partnered with Accor for a central reservation system and acquired Vision-Box (biometrics) and Voxel (payment technology);
- 2025 outlook: Forecast revenue growth of 9-13% (€6.69-€6.94 billion) and EBITDA growth of up to 12% (€2.49-€2.61 billion).
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