Q3 was another solid quarter for Amadeus with EBITDA in-line with consensus. Looking forward, the content agreements in Distribution and newly-contracted airlines for IT Solutions suggest that the core of the business should continue to track well into the New Year. Additionally, the contracting of Premier Inn for two of the key Hospitality IT modules will be well-received.
Davy research
Davy ResearchIAG - Updated long-term goals at Capital Markets Day
Davy ResearchAmadeus IT Group - Solid quarter with in-line EBITDA; Premier Inn a new customer for Hospitality IT
Davy ResearchTotal Produce - Acquisition of 50% stake in The Fresh Connection, LLC
Davy ResearchAir France KLM - Strong Q3 results: unit revenue backdrop continues to improve
Davy ResearchMarket comment - First rate rise in a decade but gloomy outlook for UK growth
Davy ResearchLafargeHolcim - A pivot to growth – but first a 4% EBITDA downgrade
Davy ResearchIFG Group - A beneficiary of the UK rate rise