Amadeus said on Friday it’s in a strong enough financial position to consider acquisitions despite the crisis, an unusual disclosure even if the pandemic does present buying opportunities.
During an earnings call on Friday, the Madrid-based travel technology company said it would shop for businesses. Worries about exceeding a certain ratio of debt wouldn’t prevent it from acquiring a business if a boost to long-term growth could justify the deal.
The willingness to entertain talk of acquisitions suggests Amadeus feels positive about its ability to weather the shifting storm of the coronavirus pandemic.
The main headwind for closing an acquisition currently is price, Maroto said. Company sale prices have remained high despite the pandemic. That makes it trickier for the company to find bargains with a high probability of generating growth.
“Independently of the fact that we haven’t found anything concrete to tell you today, the prices are pretty high, despite the crisis,”…