Amadeus IT Group (AMS) AGM 2025 summary

Opening remarks and agenda

• The meeting was held as a hybrid event at the company's head office and streamed online, with a notary present to record the minutes in accordance with legal requirements.

• The Board of Directors, CEO, and all key committee members were introduced, and the meeting was confirmed as validly assembled with over 80% of share capital represented.

• The agenda and call notice were made available in advance, and the meeting proceeded to business and performance reviews.

Financial performance review

• 2024 saw record growth in the travel sector, with the company achieving double-digit increases in revenue (13%), profit (15%), and free cash flow (16%).

• EBITDA and net profit grew around 12%, with all business areas contributing to the positive results.

• Distribution business revenue grew 14% vs. 2020 and 11% vs. 2023, with new agreements signed with major agencies and airlines.

• Technology solutions revenue rose 16%, driven by passenger numbers and new digital transformation agreements with airlines and airports.

• Hotel and payments business revenue increased 12%, with new clients and acquisitions expanding capabilities.

• R&D investment reached over $1.3 billion, up 19% from 2023, focusing on cloud, AI, and product innovation.

Board and executive committee updates

• The Audit Committee and Appointments and Remunerations Committee presented annual reports, confirming regular meetings, oversight activities, and compliance with governance standards.

• The Audit Committee reported a clean audit opinion from Ernst & Young, with no material issues requiring intervention.

• The Appointments and Remunerations Committee reviewed executive and board compensation, approved new share plans, and confirmed 45.45% female board representation.