PR Newswire
LANGLEY, U.K., Nov. 1, 2018
LANGLEY, U.K., Nov. 1, 2018 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) today announced its financial results for the third quarter and nine months ended September 30, 2018.
Key Points (for the third quarter unless stated otherwise)
Gordon Wilson, President and CEO of Travelport, commented:
"We delivered net revenue and Adjusted EBITDA growth of 2% each in the quarter. The continued strong performance of Beyond Air, driven by our virtual payments business eNett, helped us overcome the more challenging market and customer environment we anticipated for the second half of the year.
In the quarter, we continued to build the business in line with our strategy. Our Travel Commerce Platform delivered further business successes, especially in the regional corporate and online sectors where we are clearly benefiting from the investments we are making in the quality of our content and the capabilities and efficiency of our technology. We also strengthened our value proposition by concluding long-term deals to distribute the content of Air India and Jet Airways, in both cases as the preferred distributor. These add to our exclusive distribution contract with IndiGo and give us significant additional advantage in India and key markets beyond it. Furthermore, Travelport made history by becoming the first GDS to transact the booking of flights using IATA's New Distribution Capability (NDC) API protocol. These initiatives will contribute to the onboarding of new business next year, alongside the continued growth of eNett.
Despite these factors and our ongoing focus on the efficiency of our cost base, our business momentum is being tempered by some specific customer headwinds. We remain well positioned for longer term profitable growth given our commercial wins and the ongoing investments we're making in the key areas that differentiate us, including our industry-leading travel content; our search, merchandising and shopping capabilities; and our leading mobile, data and payments solutions."
Summary
| | | | | | | | | | | | | | | |
| | Three Months | | | Nine Months | ||||||||||
| | Ended September 30, | | | Ended September 30, | ||||||||||
(in $ thousands, except per share amounts) | | 2018 | | | 2017 | | Change | | | 2018 | | | 2017 | | Change |
Net revenue | | 622,585 | | | 610,842 | | 2% | | | 1,962,431 | | | 1,873,712 | | 5% |
Operating income | | 44,115 | | | 61,585 | | (28)% | | | 164,072 | | | 235,997 | | (30)% |
Net income | | 5,870 | | | 4,681 | | 25% | | | 72,106 | | | 94,910 | | (24)% |
Income per share – diluted | $ | 0.04 | | $ | 0.04 | | 4% | | $ | 0.55 | | $ | 0.76 | | (28)% |
Adjusted EBITDA | | 139,313 | | | 136,437 | | 2% | | | 450,413 | | | 451,996 | | — |
Adjusted Operating Income | | 79,219 | | | 76,392 | | 4% | | | 268,211 | | | 268,465 | | — |
Adjusted Net Income | | 40,040 | | | 22,671 | | 77% | | | 146,906 | | | 137,034 | | 7% |
Adjusted Income per Share – diluted | $ | 0.31 | | $ | 0.18 | | 74% | | $ | 1.15 | | $ | 1.09 | | 6% |
Net cash provided by operating activities | | 83,149 | | | 95,735 | | (13)% | | | 285,435 | | | 274,342 | | 4% |
Free Cash Flow | | 48,379 | | | 63,372 | | (24)% | | | 176,199 | | | 195,150 | | (10)% |
Cash dividend per share | $ 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) -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. |