Amadeus (AMS) AGM 2025 summary

Opening remarks and agenda

• The meeting was held as a hybrid event, allowing both in-person and online attendance, and was officially opened by the Chairman and attended by a notary to record the proceedings.

• The quorum was established with 3,087 shareholders present or represented, accounting for 81.37% of share capital with voting rights.

• The agenda included financial performance review, committee reports, corporate governance, Q&A, and voting on resolutions.

Financial performance review

• 2024 saw record growth in the travel sector, with global travel and tourism contributing $10.9 billion to GDP, up 8.5% from 2023.

• Revenue, profit, and free cash flow grew by 13%, 15%, and 16% respectively; EBITDA and net profit increased by around 12%.

• All business lines contributed to growth, with distribution revenues up 11%, technology solutions up 16%, and hotel/payments up 12%.

• R&D investment rose 19% to over $1.3 billion, focusing on cloud migration, AI, and product innovation.

• 2025 revenue is forecasted between EUR 6.6–6.84 billion, with EBITDA growth of 5.7–11% and free cash flow of EUR 1.2–1.33 billion.

Board and executive committee updates

• The Board and executive committee composition and attendance were confirmed, with new and re-elected directors formally accepting their appointments.

• The Appointments and Remunerations Committee reviewed executive and board compensation, share plans, and board diversity, with women representing 45.45% of the board.