Share information

Amadeus IT Group S.A.'s shares are listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia since 29 April 2010, under the ticket symbol AMS.

Stock chart


Share capital

The share capital of Amadeus IT Group S.A. is 4,504,992.05 Euros, represented by 450,499,205 shares of 0.01 Euros of nominal value each, corresponding to a single class. The number of voting rights is equivalent to the number of shares. 

The share capital is completely subscribed and paid in.

The shares of Amadeus IT Group S.A. are listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia, and are traded through the Automated Quotation System (Continuous Market). As from 1st January 2011, the shares of Amadeus IT Group S.A. (former Amadeus IT Holding, S.A.) are part of the Spanish selective index IBEX 35.

The shares are represented by book entries. The accounting record is kept by the Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. (Iberclear) and its associate entities.

There are no option plans in place for Amadeus' employees which may have a dilution effect on shares.

 

Evolution of the share capital and nominal value of the shares:

CONCEPTDATEAMOUNTSHARESINFORMATION
Capital Increase *
(accelerated book building)
 
02.04.2020192,307.69€19,230,769
of the same class
 

  Download

Reduction in Capital 
(share amortization)
19.06.201975,540.70€7,554,070 of the same class​​​​​​​​​​​​​​​​  Download
Reduction in Capital
(share amortization)
25.06.201587,594.44€8,759,444
of the same class
 
​​​​​​​​​​​​​​​​  Download
Capital Increase
(against the share premium account by increasing the share's nominal value)
 
28.04.20104,028,237.55€447,581,950
of the same class
 
  Download
Reduction in Capital
(Redemption of Class B shares)
28.04.2010447,581.95€447,581,950
of the same class
† 
Capital Increase28.04.20103,006,130.78€

447,581,950
Class A shares

255,854,883
Class B shares

† 
Share Split 10 X 1
(from 0.01 Euros to 0.001 Euros applicable to Class A shares)
23.02.20102,923,403.50€

364,854,670
Class A shares

255,854,883
Class B shares

† 
  • * Registered with the Commercial Registry of Madrid on  April 3, 2020.
  • † Prior to Amadeus IT Holding S.A.'s listing (now Amadeus IT Group S.A.). 


Treasury stock

In June 2019, 7,554,070 shares which were the result of the Share Buy-back Programme that was approved by  the Board of Directors on December 14, 2017, were amortized following the decision adopted by the Shareholders' Meeting held on June 19, 2019 and registered with the Commercial Registry of Madrid on July 11, 2019.

As of April 2, 2020 the company holds  594,695 treasury shares of 0.01 Euros nominal value representing 0.13% of the share capital after the capital increase of April2, 2020 registered with the Commercial Registry of Madrid on April 3, 2020. 

The Shareholders' General Meeting held on the 21 June 2018, authorized the Board of Directors to acquire treasury shares up to a maximum of 10% of the share capital, for a term of 5 years as of the date of the aforementioned Shareholders' General Meeting’s resolution. In compliance with article 146.1, paragraph 3, point a) of the Capital Companies Law, the treasury shares shall be transferred, amortized or applied to remuneration systems.

 


Shareholder structure

Shareholder structure Amadeus IT Group S.A (April 3, 2020)
ShareholderNº of shares% share capital
Free Float (1)419,626,39999.81%
Treasury shares (2) 594,6950.13%
Board Members278,1110.06%
Total450,499,205100.00%
  • (1) The following entities are included within the company’s free float, in accordance with the information shown by the official registries of the CNMV (the Spanish Securities Market Regulator) as of october 18, 2019 - excluding voting rights through financial instruments: MFS Investment Management (5.017% of direct voting rights), Capital Research and Management Company (5.020% of indirect voting rights), Blackrock Inc. (5.271% of indirect voting rights), Europacific Growth Fund (3.009 of direct voting rights),  Fundsmith LLP (3.020 % of indirect voting rights),and Invesco (1.359% of indirect voting rights)
  • (2) Political and economical rights of these shares are suspended to the extent they form part of the treasury stock


Dividends and dividend policy

The Board of Amadeus IT Holding, S.A. (currently Amadeus IT Group S.A.), in the meeting held on October 18, 2012, reviewed the dividend policy of the Company, increasing the proposed pay-out ratio to between 40% and 50% of the consolidated profit (excluding extraordinary items), compared to the previous policy, fixed in 2010, which consisted of a pay-out ratio of between 30% and 40%. The new dividend policy, applicable to the period of 2012 and onwards, also establishes the payment of an interim dividend related to the results of each financial period. On December 12, 2019, the Board of Directors of Amadeus IT Group S.A. resolved to extend the current dividend policy to the period of 2018.

The amount of future dividends and the dividend policy will depend on a number of factors, including earnings, financial condition, debt service obligations, cash requirements, prospects or market conditions. The amount of dividends is proposed by our Board of Directors and agreed by the shareholders at the Shareholders' General Meetings

 

Date of paymentConceptDividend per share*Total dividend*
Jan 17, 20202019 Interim Dividend€0.56 241.5 M€
Jul 12, 20192018 Complementary Dividend€0.665291.8 M€
Jan 17, 20192018 Interim Dividend€0.51223.8 M€
Jun 29, 20182017 Complementary Dividend€0.655287.4 M€
Jan 31, 20182017 Interim Dividend€0.48210.6 M€
Jun 30, 20172016 Complementary Dividend€0.54237.0 M€
Feb 1, 20172016 Interim Dividend€0.40175.5 M€
Jul 28, 20162015 Complementary Dividend€0.435190.9 M€
Jan 28, 20162015 Interim Dividend€0.34149.2 M€
Jul 30, 20152014 Complementary Dividend€0.38170.1 M€
Jan 30, 20152014 Interim Dividend€0.32143.2 M€
Jul 29, 20142013 Complementary Dividend€0.325146.3 M€
Jan 31, 20142013 Interim Dividend€0.30133.4 M€
Jul 30, 20132012 Complementary Dividend€0.25111.9 M€
Jan 30, 20132012 Interim Dividend€0.25111.9 M€

Latest dividend approved

2019 Dividend

On February 27, 2020 the Board of Directors of Amadeus agreed on the proposal of a gross dividend of €1.30 per share, representing a 10.6% increase vs. the 2018 dividend and a 50% of the reported profit,  for the approval of the General Shareolders Assembly. 

From this amount, an interim dividend of €0.56 per share (gross) was paid, in full, on January 17, 2020,  while the complementary dividend of €0.74 was left pending. However, on March 23, 2020  the complementary dividend was cancelled as part of a set of measures agreed by the Board of Director to offset the severe impact of on our business and on the travel industry as a whole. Additionally on that date, the Board of Directors agreed on a new dividend proposal to be presented to the General Shareholders Assembly, by which the interim dividend becomes the final 2019 dividend, and the outstanding net profit goes to  "other reserves. Please check the CNMV filing of March 23, 2020 for additional information.

 



Analyst coverage

InstitutionAnalystE-mail
Ahorro CorporaciónRafael Cavanillasrcavanillas@ahorro.com
Alantra EquitiesAlvaro Lenzealenze@alantraequities.com
AlphavalueHelene Coumesh.coumes@alphavalue.eu
BankinterJuan Alberto Castrillojatuesta@bankinter.com
BarclaysJames Goodmanjames.a.goodman@barclayscapital.com
BerenbergGeorgios Kertsosgeorgios.kertsos@berenberg.com
BBVAIvon Lealivon.leal@bbva.com
BofA Merrill LynchJohn Kingjohn.p.king@baml.com
BPI -La CaixaGuilherme Sampaioguilherme.macedo.sampaio@bpi.pt
CitiMarc Van't Santmarc.vantsant@citi.com
DavyRoss Harveyross.harvey@davy.ie
Deutsche BankAlex Toutalex.tout@db.com
EquitaGianmarco Bonacinag.bonacina@equitasim.it
Exane BNP ParibasAlexandre Faurealexandre.faure@exanebnpparibas.com
Evercore ISIDavid Togutdavid.togut@evercoreisi.com
Fidentiisin process 
Goldman SachsSuhasini Varanasisuhasini.varanasi@gs.com
GVC Gaesko Bekain process 
HSBCAntonin Baudryantonin.baudry@hsbc.com
IntermoneyGuillermo Barriogbarrio@grupocimd.com
Jefferies InternationalPaul Kratzpkratz@jefferies.com
JP Morgan CazenoveStacy Pollardstacy.pollard@jpmorgan.com
Kepler CheuvreuxThomas Poutrieuxtpoutrieux@keplercheuvreux.com
Link SecuritiesIñigo Isardoinigo.isardo@linksecurities.com
MirabaudIgnacio Méndezignacio.mendez@mirabaud.es
Morgan StanleyAdam Woodadam.wood@morganstanley.com
Oddo SecuritiesYan Deroclesyderocles@oddo.fr
RedburnNeil Steerneil.steer@redburn.com
Renta4Ivan San Felixisanfelix@renta4.es
Banco Sabadell Alvaro del Pozoalvaro.delpozo@bancsabadell.com
Banco Santander Carlos J.  Treviñocjtrevio@gruposantander.com
UBSMichael Briestmichael.briest@ubs.com
  • * Disclaimer: Amadeus IT Group, S.A. is covered by the analysts at the brokerage firms listed above. This list may not be exhaustive and may be subject to changes. It is important to clarify that any information, estimates, forecasts, opinions, conclusions or recommendations related to Amadeus IT Group, S.A.'s performance provided by these analysts are independent and do not represent those made by Amadeus IT Group, S.A. or its management. Under no circumstance whatsoever shall it be understood or implied that by the above mentioned reference to the list of analysts or the distribution of the information, estimates, forecasts, opinions, conclusions or recommendations made by the analysts, Amadeus IT Group, S.A. endorses or is in concurrence or agreement with any of them.