Amadeus IT Group S.A. - ADR

Solid Financial Performance in 2025: Amadeus reported a 9% growth in group revenue (EUR 6.5 billion) and a 10% increase in adjusted EBIT (EUR 1.9 billion) at constant currency, demonstrating strong operational performance despite a challenging macroeconomic environment. Free cash flow generation reached EUR 1.3 billion, up 7% from 2024.

Midterm Outlook and Growth Expectations: The company targets high single-digit group revenue growth and low double-digit adjusted diluted EPS growth for 2026-2028. Management expressed confidence in continued robust performance, also forecasting stable adjusted EBIT margins for 2026, with free cash flow anticipated to be between EUR 1.35 billion and EUR 1.45 billion.

AI and Technology Positioning: Amadeus aims to leverage AI as a central component of its strategy, promoting its position as an orchestrator in an AI-enabled travel ecosystem. The recent acquisition of Skylink, specializing in orchestration and conversational automation, is expected to support this shift, providing enhanced functionalities for travel professionals and travelers.