BME:AMSHospitality
Amadeus (BME:AMS) Stock Faces Booking Friction Despite Solid Cash Flow
Amadeus IT Group stock has quietly ground higher in recent months, with a 3 month gain of about 8.9% and a close at €53.34 on 31 July. The market has been rewarding the story. The headline from this earnings release is more nuanced. Revenue for Q1 2026 sat at €1,682.6m and basic earnings per share were €0.83, while management kept free cash flow and margin discipline in clear focus. The real question now is whether that cash generation and margin profile justify the current P/E of 16.1x over...