May 12, 2022

Travel Technology Interactive, very small volumes but big rebound since last summer, Company news

This software publisher, which notably offers reservation solutions to airlines, has rebounded by more than 400% on the stock market since last summer. The gradual reopening of the economy, exacerbated by the extreme weakness of the free float, explains this performance.

Travel Technology Interactive, very small volumes but big rebound since last summer | Photo credits: Airbus

Travel Technology Interactive, very small volumes but big rebound since last summer | Photo credits: Airbus

It is certainly one of the most incredible recoveries in the stock market in less than a year. In Paris, the shares of Travel Technology Interactive, which were worth just over 1 euro last summer, are now trading at 6 euros, up more than 80% since the start of the year. . Admittedly, the trading volumes are extremely low (around a hundred titles per day at best), due to a free float which represents only 5% of the capital, but the company is also evolving in a buoyant sector per hour. the gradual reopening of the economy, namely travel.

TTI offers airlines and airports reservation software, e-ticket issuance, check-in and boarding solutions, as well as flight program or cargo management applications. Where Galileo or Amadeus, with whom – for the latter – a partnership was formed in 2005, target large airlines, the Parisian software publisher targets medium-sized players (regional and low-cost), all over the place. in the world: in Europe, Africa, the Americas, the Caribbean, the Middle East, South-East Asia and the Pacific. The Europe-Africa-Middle East region accounts for around 40% of revenue, according to FactSet data, ahead of Brazil (29%).

Losses in the first half of 2020

The company, globally growing since 2016, and which returned to profit in 2019, still posted green accounts in the first half of 2020 despite a 26% drop in turnover (after + 8% over the first three months of the year). “The health crisis caused by the Covid-19 pandemic has seriously affected the transport sector, explained the management at the time of publication of the accounts at the end of October. Sanitary measures and border closures led to the worst post-war economic crisis ever. Travel restrictions and containment measures imposed on all continents have had a considerable impact on air transport demand, and correlatively on the activity of our customers who for weeks operated at less than 10% of their capacity. regular flights. ” She also specified that « unforeseen events linked to the pandemic did not give rise to any termination of the contract ” more than “Ad hoc discussions [étaient] in progress with some of them in order to rearrange certain contractual obligations without significant prejudice to the parties. ” TTI then said it had provisioned 191,000 euros for trade receivables, mainly on its Brazilian subsidiary.

The 2020 accounts will be published at the end of the month.


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