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Amadeus’ trading results reveal 20% increase in revenue

24th Apr 2017 - 16:36
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Caterer Amadeus’ trading results show the company’s revenue from 2015/16 has increased by 20%, with a 44% growth in EBITDA (earnings before interest, tax, depreciation, amortization).

The caterer has seen success across the venues of the NEC group, which Amadeus caters for. EBITDA has increased 29% at the National Exhibition Centre (NEC) and 26% at the International Convention Centre (ICC).

Over the last five years, since the appointment of Kevin Watson as managing director in 2012, Amadeus’ revenue has grown £25 million to £42.2 million and profit has grown by 223%.

Watson said: “This is an exciting time for Amadeus as we continue to expand at pace and is testament to the unique and brilliant team we have.

“Investments in new technology to improve the customer service across our venues and extensive staff training and development has played a key role in the company’s growing.”

The company has also seen growth in its external venues business over the last year with Amadeus securing new contracts totaling over £300 million in 2016/2017.

Venues secured by Amadeus include the East of England Arena and Event Centre, Delapre Abbey Preservation Trust and Compton Verney art gallery.

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Anonymous (not verified)