Q1 2026 Amadeus IT Group SA Earnings Call Transcript
Key Points
- Amadeus IT Group SA (AMADF) reported high single-digit growth at constant currency, with revenue growing 8%, adjusted EBIT increasing by 7%, and adjusted diluted EPS expanding by 9%.
- The company demonstrated resilience in its business despite geopolitical disruptions, with global air traffic growing 4% in Q1.
- Amadeus IT Group SA (AMADF) expanded its customer base and cross-sold more solutions across verticals, including signing Southwest Airlines for Amadeus Altea NDC.
- The company is investing heavily in AI capabilities, with 50% of CapEx related to product and solution development, aiming to enhance AI solutions and connect suppliers, sellers, and AI assistants.
- Amadeus IT Group SA (AMADF) announced its intention to acquire Idemia Public Security, enhancing its biometrics technology platform to create seamless end-to-end travel journeys.
- The geopolitical situation in the Middle East led to disruptions in air traffic, resulting in increased cancellations and a moderation of volume evolution.
- Foreign exchange effects negatively impacted the company's results, reducing revenue, EBIT, and EPS growth.
- Amadeus IT Group SA (AMADF) expects tempered performance in Q2 due to ongoing geopolitical uncertainties and anticipates negative booking growth.
- The company's leverage increased to 1 times net debt to EBITDA due to share repurchase programs and acquisitions, impacting financial flexibility.
- Despite strong performance in some areas, the company faces challenges in maintaining growth momentum due to external factors such as airline strikes and fuel price volatility.
Good day, ladies and gentlemen, and welcome to the Amadeus Q1 2026 results conference call. (Operator Instructions)
I would now like to turn the conference over to Luis Maroto, President and CEO of Amadeus. Please go ahead.
Good afternoon and a very warm welcome to our Q1 2026 results presentation. Thank you for attending today. I'm joined by Carol, our CFO. Let's begin.
So please turn to slide 4 for our takeaways from the quarter. Amadeus opened the year with solid growth and profitability, following the strong momentum we saw in quarter four of last year. In March, the situation in the Middle East resulted in a moderation of our volume evolution, slowing our performance in the quarter. Nevertheless, for Q1, Amadeus posted high single-digit growth at constant currency, with good revenue growing 8%, adjusted debit increasing by 7%, and adjusted diluted EPS expanding by 9%.
From March, the developing situation in the Middle East generated
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