Investment in product development was the key to a rise in first half profits for Amadeus, according to the technology firm.
The six month period saw its adjusted profits rise 5.2% to hit 349.6 million (AU$521.3m) euro. Revenue increased 5.7% to 1,595.1 million euro (AU$2378.6m) as EBITDA climbed 6.3% to 645.9 million euro (AU$963.2m)
President and chief executive Luis Maroto attributed the result to the company’s ability to anticipate its customers’ technology needs.
“Despite the sector’s considerable technological complexity and economic challenges, our innovation helps customers adapt and compete,” he said.
“Continued investment in product evolution and portfolio expansion was key to our growth record.”
Research and development will remain a priority, he added, with the firm “working hard” to deliver a successful second half of the financial year.
Over the period, Amadeus’ share of travel agency air bookings grew 1.7 percentage points to reach 40%, with the number of bookings up 5.8% to 233.1 million.
