In Q1 20, the decrease of revenue in Distribution (-45.5%) exceeded that in IT Solutions (-0.3%) and the EBITDA margin dropped to 34.2% of revenue (-8.2pts). Air bookings (-47.7%) are at the beginning of the chain, while the number of passengers boarded on the Altéa and New Skies systems (-12%) included the contribution of airlines which had migrated during 2019 and in 2020 and the full effect of the lockdown of economies and the stop of air traffic in March 2020.
15 May 2020
Tough times ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tough times ahead
Amadeus IT Group SA Class A (AMAD:WBO) | 0 0 1.2% | Mkt Cap: 26,189m
- Published:
15 May 2020 -
Author:
Hélène Coumes - Pages:
In Q1 20, the decrease of revenue in Distribution (-45.5%) exceeded that in IT Solutions (-0.3%) and the EBITDA margin dropped to 34.2% of revenue (-8.2pts). Air bookings (-47.7%) are at the beginning of the chain, while the number of passengers boarded on the Altéa and New Skies systems (-12%) included the contribution of airlines which had migrated during 2019 and in 2020 and the full effect of the lockdown of economies and the stop of air traffic in March 2020.