Amadeus IT Group SA
AMS: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| BM? | LOCK|mp^Dy | LOCK|x&PhfF |
Amadeus Earnings: Macro Factors Temporarily Slow Demand, but Network Edge Is Intact
Amadeus' second-quarter revenue increased 4.6%, a slowdown from 9.1% growth in the first quarter, as air distribution bookings growth slowed to 1.5% from 2.5%. Passenger boardings rose just 3.9% versus 5.5% last quarter. EBITDA margin remained stable at 39.8%.
