Sabre doubles profits in 2014 up to 98 m a
Sabre Holdings has obtained profits of 111 million dollars (98 million euros) in 2014, which means broadly double the 52 million dollars (46 million euros) in 2013.
GDS turnover reached 2.631 billion dollars (2,327 million euros), representing an increase of 4.3% compared to the 2.524 million dollars (2,233 million euros) last year. Adjusted EBITDA reached 840 million dollars (743 million euros), 7.9% more.
In the fourth quarter of the year the group left losses of 8.5 million dollars (7.5 million euros) from the same period of the previous year, earnings of 41 million dollars (36 million euros).
The quarter turnover was 646 million dollars (571 million euros), representing one 3.1% higher than the 626 million dollars (553 million euros). Adjusted EBITDA reached 198 million dollars (175 million euros), a rise of 2.4%.
Support in technological solutions
However, the part of the business of Sabre being better is the solutions, while decay of the GDS.
In Q4 2014 adjusted EBITDA increase was due to a growth of 25.7% for the divisions of Airline Solutions and Hospitality Solutions, in addition to a cost-cutting. However the indicator fell by 9.4% for Sabre Travel Network.
For the whole of the year the solutions to airlines, airports and hotels were that contributed most to the growth of EBITDA, with 32.7%.
The group is has recently disposed of its agency online, according to collected News HOSTELTUR tourism in Expedia buys the OTA American Travelocity by 250 M €, while Sabre seeks buyer for Lastminute , company that has been an option of purchase by Bravofly course.
As reported by Sabre wants to remove Travelport as second GDS in the Spanish market, being the leader in the United States and the rest of America, wants to grow in Europe and has chosen Spain as one of the markets where gain a greater foothold among travel agencies, than it does now.