Morgan Stanley | The Q3’22 survey of CIOs (Chief Information Officers) suggests a slowdown in IT budgets’ growth. Expectations for spending in 2022 have been cut by 100bp to 3%. For 2023, growth of 2.8% is expected, so both figures would be below the pre-Covid average of 4.1%. The ratio of those CIOs who expect an increase in budgets vs a cut has fallen to 0.4x (vs 1.1x Q2’22), registering…
Juan Girón Roger (journalist) | You might have thought why you can leave your house, take a taxi, jump into a plane, get a bus, take a train and get to your destination. That is because of multimodal travel. This vision was developed to make people’s life easier. But is this something anybody can use and benefit from? Let’s take it one step at a time. Multimodal travel implies that…
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.