AMADF - Amadeus IT Group S.A. (AMADF) Q1 2024 Earnings Call Transcript
2024-05-12 06:34:09 ET
Amadeus IT Group, S.A. (AMADF)
Q1 2024 Earnings Conference Call
May 08, 2024, 7:00 AM ET
Company Participants
Luis Maroto - President and Chief Executive Officer
Till Streichert - Chief Financial Officer
Conference Call Participants
Alex Irving - Bernstein
Adam Wood - Morgan Stanley
Sven Merkt - Barclays
Michael Briest - UBS
Victor Cheng - Bank of America
Toby Ogg - JP Morgan
Gianmarco Conti - Deutsche Bank
Nicolas David - ODDO BHF
Presentation
Operator
Welcome to the Amadeus First Quarter 2024 Presentation Webcast. Throughout the call, all participants will be in a listen-only mode, and afterwards there will be a question-and-answer session. [Operator Instructions]
I'm pleased to hand you over to Luis Maroto, President and CEO of Amadeus. Please go ahead, sir.
Luis Maroto
Good afternoon. Welcome to our first quarter results presentation, and thank you for joining us today. I'm joined by Till. I will review our most important developments this quarter and Till will elaborate on the key financial details.
As you know, Till will be departing Amadeus to pursue a new career opportunity. We wish him well, and we are grateful for his contribution to Amadeus since his arrival in September 2020. A process to hire Amadeus' next CFO has been launched by our Board of Directors and is underway. Until further notice, I will be acting as CFO. Till will also continue to support us for some time. We will update you on this matter further down the line.
We are looking forward to our Investor Day on June 18 in London. During the day, my leadership team and I will provide you with the strategic update across our businesses. We will also be providing you with our views on our financial evolution for the midterm. The plan we will present to you has been built by the Amadeus senior leadership team together, and we are all committed to delivering on it. We look forward to seeing you at our Investor Day or alternatively, we welcome you to connect to the webcast.
Please turn to slide four, and let me start with an overview of our results. In the first quarter, our steady financial evolution continued, Amadeus Group revenue increased by 14%, EBITDA grew 14%, EBIT grew faster by 19%, and adjusted profit expanded by 19%. This positive development was supported by double-digit growth evolutions at each of our reported segments, our Distribution, IT Solutions and Hospitality & Other Solutions....
Amadeus IT Group, S.A. (AMADF) Q1 2024 Earnings Call Transcript