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Amadeus IT Holding, S.A. (Amadeus: "AMS.MC"), parent company of the Amadeus Group, a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, announces that today at the Annual General Meeting (AGM) the shareholders of the Company approved the annual dividend.
• €134.3m dividend represents 35% pay-out and €0.30 per share
• Re-election and appointment of Directors for three year terms
• Approval of all other proposals by the Board of Directors
Madrid, Spain, June 24, 2011 – Amadeus IT Holding, S.A. (Amadeus: “AMS.MC”), parent company of the Amadeus Group, a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, announces that today at the Annual General Meeting (AGM) the shareholders of the Company approved the annual dividend.
The total value of the dividend will be €134.3 million and represents a pay-out of 35% of the 2010 Reported profit for the year (excluding extraordinary items related to the IPO). The dividend has a value of €0.30 per share and will be paid on July 27.
At the AGM the following Directors were re-elected for a three year term: Enrique Dupuy de Lme Chavarri, Stephan Gemkow, Pierre-Henri Gourgeon, Christian Boireau, Francesco Loredan, Stuart McAlpine, and Jos Antonio Tazón García. The ratification and appointment of David Gordon Comyn Webster and Bernard Andr Joseph Bourigeaud as Independent Directors for three year terms was also approved.
All other agenda items proposed by the Board of Directors were also approved by the shareholders following a vote. A version of the full agenda and the complete accompanying documentation presented at the AGM can be found on the following webpage: http://www.investors.amadeus.com/english/agm.aspx.
Luis Maroto, President & CEO of Amadeus, commenting on the AGM and shareholder approval of the proposals made by the Board of Directors, said:
“We thank the shareholders for their participation in the AGM, approval of all of the Board’s proposed agenda items, and continued support for the Amadeus senior management.
“2010 was a positive year for Amadeus, firstly because of the success of our return to the stock market, but also because our transaction-based model again proved adaptable and allowed us to benefit from the improvement in global travel. As a result, we further strengthened our financial position by substantially reducing our financial debt and our adjusted profit for the year grew by 24.3% to total €427.4 million.
“I would like to take this opportunity to place on record my sincere thanks to our customers for their continued loyalty and partnership, and also to our shareholders for supporting and enabling our financial evolution and growth. I also want to thank personally each and every employee at Amadeus, whose hard work, professionalism, commitment and enthusiasm made possible our success last year.”
At the AGM printed copies of the Annual Report were made available to shareholders. For reference, an electronic copy of the full Annual Report is available (in both English and Spanish) at: http://www.investors.amadeus.com/includes/pdf/english/Amadeus_Annual_Report_2010.pdf
Printed copies of the Corporate Responsibility report produced by Amadeus were also made available to shareholders. The report describes the areas where Amadeus is working to increase the economic, social and environmental value it generates – and how this is integrated into the Amadeus culture and decision making process. For reference, an electronic copy of the document is available (in both English and Spanish) at: http://www.amadeus.com/amadeus/x200926.html.
There may be statements in this financial report which are not purely historical facts, including statements about anticipated or expected future revenue and earnings growth. All forward looking statements in this presentation are based upon information available to Amadeus on the date of this presentation. Any forward looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward looking statements. Amadeus undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on forward looking statements.
Notes to the editors
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.
Customer groups include travel providers (e.g airlines, hotels, rail, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travellers).
The group operates a transaction-based business model and processed 850 million billable travel transactions in 2010.
Amadeus has central sites in Madrid (corporate headquarters and marketing), Nice (development) and Erding (Operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 73 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol “AMS.MC”. For the year ended 31 December 2010, the company reported revenues of EUR 2,683 million and EBITDA of EUR 1,015 million. The Amadeus group employs over 10,130 employees worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please go to www.amadeus.com.
To visit the Amadeus Investor Relations centre please go to www.investors.amadeus.com.
tel: +34 91 582 0160
fax : +34 91 582 0188
e-mail : email@example.com
Alejandra Moore Mayorga
Tel: +34 91 531 23 88
Fax: +34 91 521 81 87