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Amadeus Shareholders Approve Dividend

Travel News Asia Latest Travel News Podcasts Videos Monday, 27 June 2011

Amadeus IT Holding, parent company of the Amadeus Group, has approved a total annual dividend of €134.3 million, which 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 27 July 2011.

The following directors have also been re-elected for a three year term: Enrique Dupuy de Lôme Chavarri, Stephan Gemkow, Pierre-Henri Gourgeon, Christian Boireau, Francesco Loredan, Stuart McAlpine, and José Antonio Tazón García. The ratification and appointment of David Gordon Comyn Webster and Bernard André Joseph Bourigeaud as Independent Directors for three year terms was also approved at the AGM.

Luis Maroto, President & CEO of Amadeus, said, “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.”

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