Amadeus IT Group SA
AMS: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?%f | LOCK|dY@!& | LOCK|<g&@zx |
Amadeus Earnings: Competitive Advantage and Demand Intact, Despite Economic Concern
Amadeus' group sales increased 9%, supported by broad strength across its businesses. Distribution revenue grew 8% and air and hotel solutions were up 11%. EBITDA margins were down 40 basis points to 38.5% on a 13% increase in personnel expenses.
