Travelport released its first half 2011 results this morning. A quick overview is as follows:
- Net revenue – $ 1,061 million (up from $ 1,056 million y/y).
- Operating income – $ 145 million (down 6% from $ 154 million y/y).
- EBITDA – $ 258 million (up 1% from $ 256 million y/y).
- Adjusted EBITDA – $ 283 million (down 4% from $ 295 million y/y).
Segments:
- Americas – 92.4 million (up 1% from 91.5 million y/y).
- Europe – 45.3 million (up 1% from 44.9 million y/y).
- Asia-Pacific – 29.1 million (up 3% from 28.2 million y/y).
- Middle East and Africa – 19.7 million (down 7% from 21.1 million y/y).
President and CEO Gordon Wilson says:
“I am pleased to report a first half performance in line with management expectations, which was achieved despite the impact of extraneous global events in the earlier part of the year.
“We continue to make significant progress on our business objectives and look forward confidently to the remainder of the year, with the knowledge that we have further developments to unveil over the coming months.”
Tnooz
