Amadeus IT Group, S.A. (AMADF) Q1 2025 Earnings Call Transcript

2025-05-11 06:40:39 ET

Amadeus IT Group, S.A. (AMADF)

Q1 2025 Earnings Conference Call

May 8 2025 7:00 AM ET

Company Participants

Luis Maroto - President and Chief Executive Officer

Carol Borg - Chief Financial Officer

Decius Valmorbida - President of Travel Unit

Francisco Pérez-Lozao - President of Hospitality

Conference Call Participants

Adam Wood - Morgan Stanley

Alex Irving - Bernstein

Sven Merkt - Barclays

Charles Brennan - Jefferies

Victor Cheng - Bank of America

Nooshin Nejati - Deutsche Bank

Michael Briest - UBS Equities

Toby Ogg - JP Morgan

Laurent Daure - Kepler Cheuvreux

Presentation

Operator

Good morning, ladies and gentlemen. Welcome to Amadeus Q1 2025 results conference call. At this time all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Thursday, May 8, 2025.

I would now like to turn the conference over to Luis Maroto, President and CEO of Amadeus. Please go ahead.

Luis Maroto

Good afternoon. Welcome to our first quarter '25 results presentation. Thank you for joining us today. Our business heads, Decius and Paco are here, too, and they will be covering our business overviews. I will first recap on the quarter's performance and its key developments, and then I will also update you on our views for '25. Our new CFO, Carol Borg, joined Amadeus earlier this week and she's here with us today as well.

Carol Borg

Hello, everyone. My name is Carol Borg, and I'm delighted to be here today and to have joined Amadeus, a highly unique tech player and a leading specialist in travel. I'm really excited to join this very credible team and play my part in creating value across the travel ecosystem for the benefit of our customers, employees and shareholders.

I very much look forward to meeting you all in coming months. Back to you, Luis.

Luis Maroto

Thanks Carol. And please turn to Slide 4 to recap on our performance in the first quarter of the year. Despite the broad uncertainty in the environment, we continue to evolve positively through the first quarter. Group revenue increased by 9%, operating income and adjusted operating income increased by 10%, profit and adjusted profit grew by 13% and 12% respectively.

Our free cash flow generation amounted to €262 million in the quarter and leverage stood at 0.8 times net debt-to-last 12 months EBITDA at the end of the period. As you know, we have an ongoing share repurchase program for a maximum investment amount of €1.3 billion, which was launched mid-March. In the first quarter, we saw strong performances across our reported segments and we remain highly focused on our strategic initiatives. ...

Read the full article on Seeking Alpha

For further details see: