Amadeus IT Holding is a Spanish firm engaged in information technology services, primarily for the tourism and travel industries. The company operates through two segments: Distribution and IT Solutions. Amadeus’ customers include airlines, hotel managers, rail operators and travel salespeople. In a recent year, the company helped complete approximately 566 million bookings. Amadeus has more than 14,000 employees around the world.
Amadeus IT Holding has a strong environmental strategy based on operational efficiency and identifying environmental benefits through its offerings. In addition to increasing the power usage effectiveness of its data center, the company has replaced its lightbulbs with LEDs, installed efficient climate control systems, promoted the use of carpooling or public transportation, purchased carbon-neutral paper products and upgraded appliances to lower water use. These initiatives have allowed Amadeus IT to reduce its energy use intensity 12% and its CO2 emissions intensity 11% in recent years. To help reduce the impacts of travel, the company provides its customers with estimated CO2 emissions of specific flights and comparisons to help make the most efficient decisions. Amadeus also enables significant amounts of fuel savings by helping airlines estimate the amount of gas necessary for a specific flight. For airports, the company has released an Airport Sequence Manager and Schedule Recovery system that helps minimize taxiing time and optimize logistics. Amadeus offers an Airport Common Use Service that helps reduce energy costs, too.
Amadeus IT Holding lacks long-term targets to improve its key performance indicators. Additionally, the company has one woman on its Board of Directors.
Industry: Information Technology
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.