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Amadeus Shareholder General Meeting

Amadeus announces that at its Shareholders’ General Meeting (SGM) held today all proposals put forward by the Board of Directors were approved following a vote by shareholders. .

 
·         Shareholders vote to approve all proposals by Board of Directors
·         Total dividend for 2012 of €223.8 million, an increase of 35% on 2011
·         Pay-out[1] ratio of 45% - up from 36% in previous year
·         Dividend to be paid on July 30, 2013
 
 
Thursday, June 20, 2013: Amadeus, a leading technology partner for the global travel industry, announces that at its Shareholders’ General Meeting (SGM) held today all proposals put forward by the Board of Directors were approved following a vote by shareholders. .
 
The full agenda and complete accompanying documentation (in both Spanish and English) presented at the SGM can be downloaded from the following webpage:
 
The proposals approved included the dividend, the total value of which will be €223.8 million, an increase of 35% on the previous year. This total represents a pay-out ratio of 45% of the 2012 Reported profit for the year (excluding extraordinary items related to the IPO), an increase on the previous year’s pay-out ratio of 36%. This higher pay-out ratio follows the Board of Directors agreeing to a new dividend policy in October 2012, increasing the dividend pay-out ratio to between 40% and 50% (applicable for the year ended December 31, 2012 and onwards) vs. the previous 30% to 40%.
 
The per share (gross) value of the dividend is €0.50, of which an interim dividend of €0.25 was already paid in January 2013, and therefore a complementary dividend for an amount of €0.25 (gross) will be paid on July 30, 2013 (ex-coupon date).
 
Luis Maroto, President & CEO of Amadeus, commented:
 
“We are grateful today to our shareholders for their approval of the agenda and continued endorsement of the senior management team.
 
“The markets we operate in continue to be challenging, but our strong business model and product portfolio helped us to grow both revenues and profits in 2012 – leading to a strong cashflow generation. That in turn has allowed us to increase the dividend significantly this year.  
 
“I would like to take this opportunity to pay thanks to our customers for their partnership and also give recognition to our employees, who are Amadeus’ biggest asset and lay behind our every success.”
 
 
During the SGM electronic copies of the 2012 Annual Report were made available. An interactive version is available (in both English and Spanish) via the Amadeus Investor Relations website:
 
Electronic copies of the 2012 Corporate Sustainability Report, published by Amadeus in May, were also made available. The document, which has been granted the Application level A+ by the Global Reporting Initiative (GRI), analyses the economic, environmental and social impacts of Amadeus’ business, as well as its contribution to helping meet sustainability objectives. An interactive version of the document is available (in both English and Spanish) from:
 
 
 
– Ends –
 
Disclaimer
 
There may be statements in this financial report which are not purely historical facts, including statements about anticipated or expected future revenue and earnings growth. All forward looking statements in this presentation are based upon information available to Amadeus on the date of this presentation. Any forward looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward looking statements. Amadeus undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on forward looking statements.
Notes to the editors:
 
Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies).
 
The Amadeus group employs around 10,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as  73 local Amadeus Commercial Organisations globally.
 
The group operates a transaction-based business model.  For the year ended December 31, 2012 the company reported revenues of €2,910.3million and EBITDA of €1,107.7 million.
 
Amadeus is listed on the Spanish Stock Exchange under the symbol "AMS.MC" and is a component of the IBEX 35 index.
 
To find out more about Amadeus please visit www.amadeus.com
 
Contact details:
 
Amadeus
Corporate Communication
Telephone: +34 91 582 0160
Fax: +34 91 582 0188
 
Grupo Albión (Madrid)
Alejandra Moore Mayorga
Sofía García
Tel: +34 91 531 23 88
Fax: +34 91 521 81 87
 
Powerscourt (London)
Giles Sanderson
Matthew Fletcher
Tel:  +44 20 7250 1446
 


[1]Reported profit for the year excluding extraordinary items related to the IPO.