Amadeus continues to raise financing in the current difficult situation. The EIB’s loan’s principal will be used to finance research and development activities for a variety of new technology solutions for airlines, airports, travel agencies and railways. The company will carry out this R&D in 2020-2021.
José Benito de Vega | Amadeus has seen a revaluation in 2019 of 12.2% including dividends, compared to 5% for the Ibex 35 with dividends. This relatively strong performance partially compensates for the poor close to 2018, when it fell 24% in the last quarter compared to -8% for the index.
In a difficult year for the sector, major Spanish IT provider for the global travel and tourism industry Amadeus (AMS) has shown solidity in its operations thanks to the high visibility of its revenues (dependent on transactions vs. price) and the global reach of its business, well diversified geographically, analysts at Sabadell argue.
Shareholders approved the payment of a gross dividend of 1.175 euros/share charged to 2018, 3.5% more than the previous year.
Bankinter | Amadeus´Q119 results have slightly exceded market expectations, with slight gains in market share in Distribution thanks to the evolution of Soluciones Tecnológicas.
Just a year ago Amadeus was left just outside the EuroStoxx50, the main stock market index in the Eurozone. But this year´s revision has guaranteed, at last, its entry, which will take effect on 24 September. Amadeus will join other Spanish companies which form part of the index such as Santander, BBVA, Iberdrola, Telefonica and Inditex.
MADRID | By Jaime Santisteban | European Banking Association and the Bank of Spain agreed to take into account borrowers’ non-property guarantees to assess the situation of Spanish entities in the upcoming stress tests. Bankinter analysts believe that “such guarantees, which are usually pledging of assets like deposits, shares and/or by consignatures, mean a certainty of collection for banks.” Also, Amadeus has been one of the most attractive values in the Spanish Ibex 35.
MADRID | By Jaime Santisteban | Time for EU peripherals’ sovereign debt auctions: Spain, Italy, Ireland and most importantly, Greece, which is back on the market after 4 years. Note that the successful Greek sale pushed down the yields of its neighbors. Besides, Qatar’s sovereign wealth fund has become shareholder of Colonial, following the steps of big finance firms like Fidelity that recently renewed their bet for Spanish listed companies and volatile real estate. Colonial rose by 14.3 % at the closing bell.
MADRID | In the second quarter, Amadeus said, adjusted profit increased by 5.4%, to €173.4 million, total revenues rose 7.4% to €800.1 million.