Amadeus IT Group stock weighs H1 growth against softer bookings

Published on 10/05/2026 at 17:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amadeus IT Group stock reflects EUR 3.335 billion in H1 revenue and 5.1 percent constant-currency growth. The EUR 69.06 consensus target remains above the October 5 price.

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Amadeus IT Group (ISIN ES0109067019) was trading at EUR 53.24 on BME on October 5, 2026 at 4:53 p.m. CEST, up 0.83 percent on the session. The travel technology company delivered EUR 3.335 billion in first-half revenue, with growth and margins holding up despite weaker air bookings.

H1 revenue rises 5.1 percent

According to Yahoo Finance on July 31, 2026, Amadeus reported 5.1 percent constant-currency revenue growth in the first half, while reported growth was 2.3 percent. Adjusted EBIT rose 4.9 percent at constant currency to EUR 1.012 billion, adjusted EBIT margin was 29.8 percent, and diluted EPS reached EUR 1.64.

Free cash flow totaled EUR 472 million in H1 2026, while research and development investment reached EUR 682 million, or 20 percent of revenue, according to the same earnings call published by Yahoo Finance.

Bookings make guidance conditional

Air IT solutions revenue grew 8.7 percent at constant currency and hospitality and other solutions advanced 9.2 percent in the first half. Air distribution revenue increased 1.1 percent, but bookings declined 3.7 percent as the Middle East conflict affected traffic and reservations.

Management retained a mid to high single-digit group revenue growth outlook for 2026 and a high single-digit to low double-digit adjusted diluted EPS growth range. The company also maintained its free cash flow outlook at EUR 1.35 billion to EUR 1.45 billion, while describing the short-term booking environment as dependent on geopolitical conditions, according to Yahoo Finance.

Consensus target reaches EUR 69.06

MarketScreener lists a Buy consensus from 22 analysts and an average target of EUR 69.06. That target lies 29.7 percent above the October 5 price of EUR 53.24, while the published target range runs from EUR 51.00 to EUR 82.00.

Deutsche Bank upgraded Amadeus from Hold to Buy on September 16, 2026 and raised its price target from EUR 58.00 to EUR 71.50, according to MarketScreener. The higher target contrasts with the operating risk from a 3.7 percent H1 decline in bookings.

Stock remains below yearly high

Amadeus IT Group stock was trading at EUR 53.24 on BME on October 5, 2026 at 4:53 p.m. CEST, 23.2 percent below its 52-week high of EUR 69.30 and above its 52-week low of EUR 46.21.