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Amadeus IT Group profit misses consensus by 15.0% in Q4

Amadeus IT Group SA said its normalized net income for the fourth quarter came to 33 euro cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS rose 8.5% year over year from 31 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €144.9 million, a gain of 8.7% from €133.3 million in the year-earlier period.

The normalized profit margin fell to 13.3% from 14.1% in the year-earlier period.

Total revenue climbed 14.6% year over year to €1.09 billion from €947.9 million, and total operating expenses grew 15.3% year over year to €841.5 million from €729.6 million.

Reported net income grew 31.5% on an annual basis to €155.7 million, or 36 cents per share, from €118.4 million, or 27 cents per share.

For the year, the company's normalized net income totaled €1.69 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €2.07.

EPS rose from €1.48 in the prior year.

Normalized net income was €737.3 million, a rise from €645.2 million in the prior year.

Full-year total revenue increased year over year to €4.47 billion from €3.91 billion, and total operating expenses grew year over year to €3.23 billion from €2.83 billion.

The company said reported net income rose on an annual basis to €825.5 million, or €1.89 per share, in the full year, from €683.9 million, or €1.57 per share.