Spain · Delayed Price · Currency is EUR Amadeus IT Group Earnings Call Transcripts
Fiscal Year 2026
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The AGM confirmed strong financial growth in 2025, with all targets met and robust dividends declared. Strategic investments in AI, cloud, and partnerships were highlighted, and all resolutions, including director re-elections and capital measures, were approved by a large majority.
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Q1 2026 saw high single-digit growth in revenue, EBIT, and EPS at constant currency, despite Middle East disruptions. Guidance for 2026 remains intact, with recovery expected in H2 and continued investment in AI and biometrics.
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The acquisition will integrate advanced biometric and digital identity capabilities, expanding reach across travel, law enforcement, and access control. The EUR 1.2 billion deal is expected to deliver cost synergies, immediate EPS accretion, and long-term growth, with completion targeted for mid-2027.
Fiscal Year 2025
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Delivered strong 2025 results with 9% revenue and 10% Adjusted EBIT growth at constant currency, robust free cash flow, and significant shareholder returns. Midterm outlook targets high single-digit revenue and low double-digit EPS growth, supported by continued R&D and AI leadership.
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Q3 saw 8% revenue and 9% adjusted EBIT growth at constant currency, with strong expansion in hospitality, air IT, and distribution. AI innovation, cloud migration, and new customer wins drove momentum, while guidance for 2025 remains on track despite some regional softness.
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Revenue grew 8% at constant currency in H1 2025, with profit and EPS up double digits despite macro headwinds. Strategic investments in cloud, AI, and partnerships drove growth across segments, and guidance for 2025 and 2026 remains intact, with acceleration expected in H2.
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The meeting confirmed strong financial growth in 2024, approved a EUR 1.39 per share dividend, and advanced cloud and AI strategies. All agenda items, including director appointments and auditor renewal, passed with a majority. Employee compensation and governance practices were key discussion points.
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Revenue grew 9% year-over-year in Q1 2025, with strong segment performance and double-digit profit growth. Guidance for 2025 remains unchanged, excluding forex, with continued investment in technology and cloud migration. Free cash flow and CapEx reflect strategic initiatives.
Fiscal Year 2024
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2024 saw double-digit growth in revenue, EBITDA, and operating income, with strong segment performance and robust free cash flow. 2025 guidance anticipates continued growth, supported by cloud migration, new customer wins, and a €1.3B share buyback.
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Double-digit growth in revenue, EBITDA, and operating income was achieved, with strong free cash flow and margin expansion. Payments growth lagged due to onboarding delays, but core hospitality and IT segments performed well, and 2024 guidance is confirmed.
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Strong first-half results with double-digit growth in revenue, EBITDA, and adjusted profit, supported by robust performance across all segments and major new contracts. Guidance for 2024 is reaffirmed, with expectations of continued healthy growth and margin stability despite some industry normalization.
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The company is executing a strategy of technology-driven growth, expanding its addressable market through cloud migration, AI, and modular platforms for airlines, hospitality, and payments. Financial guidance through 2026 targets 9–12% revenue CAGR, margin expansion, and strong free cash flow, supported by major customer wins and ongoing investment in innovation.