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Amadeus IT Group Q1 profit climbs 12.4% YOY

Amadeus IT Group SA said its first-quarter normalized net income amounted to 42 euro cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.

EPS increased 14.5% year over year from 37 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €183.6 million, an increase of 12.4% from €163.4 million in the year-earlier period.

The normalized profit margin fell to 18.6% from 18.8% in the year-earlier period.

Total revenue increased 14.0% year over year to €989.4 million from €867.6 million, and total operating expenses increased 17.5% from the prior-year period to €693.0 million from €589.6 million.

Reported net income rose 13.0% on an annual basis to €202.5 million, or 46 cents per share, from €179.2 million, or 40 cents per share.