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Amadeus Reports Better Than Expected Q4 Core Profit

Amadeus reported a fourth-quarter core profit of 577.9 million euros on Friday. The result exceeded the average analyst estimate of 555.6 million euros.

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The travel technology provider AMADEUS IT GROUP SA, based in Spain, reported a fourth-quarter core profit on Friday that exceeded market expectations. The company announced that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 577.9 million euros ($682.2 million) during the final quarter of the year. This performance surpassed the average analyst estimate of 555.6 million euros, according to data compiled by LSEG.

The corporate logo of Amadeus IT Group is seen at its headquarters in Madrid. REUTERS/Violeta Santos Moura/File Photo
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