Amadeus It Group Sa Ord (AMADF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Good day, ladies and gentlemen, and welcome to the Amadeus first quarter, sorry, 00:00:05.118 -- 00:00:08.763 first half of 2025 results conference call. 00:00:08.763 -- 00:00:11.848 At this time, all lines are in a listen-only mode. 00:00:11.848 -- 00:00:15.673 Following the presentation, we will conduct a question and answer session. 00:00:15.673 -- 00:00:20.961 If at any time during this call you require immediate assistance, please press star zero 00:00:20.961 -- 00:00:26.409 for the operator. I would now like to turn the conference call over to Luis Moroto, President 00:00:26.409 -- 00:00:31.073 and CEO of Amadeus. Please go ahead. 00:00:31.722 -- 00:00:35.768 Good afternoon. Welcome to our 25 first half results presentation. 00:00:35.768 -- 00:00:40.957 Thank you for attending today. I am joined by our CFO, Carol Bor, who will be presenting 00:00:40.957 -- 00:00:45.464 Amadeus results for the first time. Carol has had the opportunity to meet a lot of you 00:00:45.464 -- 00:00:49.891 as part of her onboarding and is ready to address your questions. 00:00:49.891 -- 00:00:54.438 We have made some changes to our quarterly presentation and may make some more in the 00:00:54.438 -- 00:00:59.496 future. We aim to simplify how we communicate and to ensure that the strengths 00:00:59.496 -- 00:01:03.560 of our business are clear to the broadest group of investors. 00:01:03.560 -- 00:01:07.885 To start, I will focus on our most important business developments in the period, and 00:01:07.885 -- 00:01:11.609 Carol will elaborate on key financial aspects. 00:01:11.609 -- 00:01:15.653 Let's turn to slide 4 for our headlines in the first half. 00:01:15.653 -- 00:01:20.098 The first six months of business in 2025 evolved in a challenging mac...