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Amadeus reports strong net profit, cuts debt

Amadeus reported a net profit of EUR427.4 million for 2010, on revenue of EUR2.6 billion. The company substantially reduced its financial debt during the year, cutting it from EUR3.2 billion to EUR2.6 billion.

In 2011, Amadeus will pay a total dividend of EUR134.3 million, which represents a pay-out of 35% of the reported profit for 2010, excluding extraordinary items related to the IPO.

Shares in Amadeus were up 0.1% yesterday. Expedia shares dropped 0.9%.

Selected Others daily share price movements (% change): 01-Mar-2011