Amadeus jumped almost 5% on the Madrid stock exchange, the Spanish travel technology specialist having published quarterly results above expectations despite a slowdown in activity linked to the conflict in the Middle East.
The Spanish travel technology group posted an adjusted profit of EUR371.4 million on revenue of EUR1.68 billion. Adjusted Ebitda came to EUR661.4 million, above market expectations.
Revenues from the airline distribution division reached 822.1 MEUR, while IT solutions for air transport generated 592.5 MEUR in turnover.
The group says the situation in the Middle East weighed on growth in March, reducing the growth in bookings in the first quarter by around 4 percentage points. Amadeus specifies that it is closely monitoring the evolution of the situation, while emphasizing that the extent of the impacts remains difficult to anticipate at this stage.
In April, the trend in reservations improved, although growth remained negative, while that of enplaned passengers showed signs of slowing. The group plans to communicate an update to the market when visibility is better.
“In a context marked by disruptions in the Middle East, Amadeus published quarterly results above expectations, illustrating the resilience of its economic model. With an expected gradual improvement in travel trends, these results constitute an encouraging signal,” underlines Jefferies, buying the stock. “Despite the uncertainties linked to the conflict in the Middle East, Amadeus is maintaining its annual objectives at this stage, aiming for high single-digit organic revenue growth as well as a stable adjusted EBIT margin. The group emphasizes, however, that the extent of the potential impacts remains difficult to anticipate,” concludes AlphaValue. Since the start of the year, Amadeus shares have fallen by 15%.
/2026/05/02/69f57bcda5ecd971597323.jpg "The United Arab Emirates leaves OPEC: is this a turning point for the global oil market?")
