Top-News
Donnerstag,
03.11.2016 11:15
von
PR Newswire
| Aufrufe: 50
Travelport Worldwide Limited Reports Third Quarter 2016 Results
Zeitungsständer (Symbolbild).
© AdrianHancu / iStock Editorial / Getty Images Plus / Getty Images
PR Newswire
LANGLEY, U.K., Nov. 3, 2016
LANGLEY, U.K., Nov. 3, 2016 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) announces its financial results for the third quarter ended September 30, 2016.
Key Points
- Net revenue increased 6% to $591 million
- Operating income of $62 million, net income of $21 million and net cash provided by operating activities of $111 million
- Air revenue increased 2% to $408 million; Beyond Air revenue growth of 18% to $152 million, contributing 27% of Travel Commerce Platform revenue (Q3 2015: 24%)
- International revenue increased 9% driven by growth in both Reported Segments and RevPas, with double-digit revenue growth in Europe (14%) and Asia Pacific (10%)
- eNett net revenue increased 60% to $42 million
- Adjusted EBITDA increased 15% to $150 million driven by business performance and favorable foreign exchange movements
- Adjusted Free Cash Flow generation of $83 million, an increase of $52 million
- Voluntary prepayment made for $50 million of term loans' principal
Gordon Wilson, President and CEO of Travelport, commented:
"Travelport delivered a robust set of financial results during the third quarter against the backdrop of slower growth of the global GDS air market. International revenue increased 9% as we continued to benefit from our unrivalled airline merchandising innovations, our diverse Beyond Air portfolio and our balanced geographic presence. Moreover, during the quarter we continued to deliver against our key strategic objectives, announcing several new commercial deals across our platform. These included a GDS industry-first partnership with the largest airline in India, IndiGo, a long-term agreement with easyJet to continue provision of our multi award-winning mobile services, and a new data and analytics partnership with Mastercard. We are also pleased with several new agency wins in key regions, which will support future growth, as well as continued momentum in our BtoB payments business, eNett, having delivered net revenue growth of 72% for the nine months of this year."
Summary
| | Three months ended September 30, | Nine months ended September 30, | ||||
| (in $ thousands, except per share amounts) | 2016 | 2015 | Better / (Worse) | 2016 | 2015 | Better / (Worse) |
| Net revenue | 590,756 | 559,837 | 6% | 1,805,924 | 1,686,167 | 7% |
| Operating income | 62,235 | 54,091 | 15% | 179,863 | 150,986 | 19% |
| Net income | 21,404 | 4,950 | * | 24,156 | 14,251 | 70% |
| Income per share – diluted | 0.17 | 0.03 | * | 0.18 | 0.09 | 100% |
| Adjusted EBITDA | 150,432 | 130,977 | 15% | 443,585 | 405,421 | 9% |
| Adjusted Operating Income | 87,757 | 78,224 | 12% | 267,017 | 235,291 | 13% |
| Adjusted Net Income | 40,995 | 30,087 | 36% | 126,237 | 95,151 | 33% |
| Adjusted Income per Share – diluted | 0.33 | 0.25 | 32% | 1.02 | 0.78 | 31% |
| Net cash provided by operating activities | 110,926 | 61,569 | 80% | 213,858 | 153,735 | 39% |
| Adjusted Free Cash Flow | 83,170 | 31,113 | 167% | 130,443 | 63,796 | 104% |
| Cash dividend per share | $0.075 | $0.075 | — | $0.225 | $0.225 | — |
| | ||||||
| * Percentage calculated not meaningful | ||||||
| | ||||||
| The Company refers to certain non-GAAP financial measures in this press release, including Adjusted EBITDA, Adjusted Operating Income (Loss), Adjusted Net Income (Loss), Adjusted Income (Loss) per Share, Capital Expenditures, Net Debt and Adjusted Free Cash Flow. Please refer to pages 10 to 13 of this press release for additional information, including reconciliations of such non-GAAP financial measures. | ||||||
Discussion of Results for the Third Quarter of 2016
Unless otherwise stated, all comparisons are for the third quarter of 2016 compared to the third quarter of 2015.
Werbung
Mehr Nachrichten zur TRAVELPORT WORLDW.DL-0025 Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
-1
Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink.
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.
