Datalex reaffirms full-year earnings growth forecast

Dublin-based travel software specialist Datalex has reaffirmed full-year earnings growth of between 20 and 25 per cent and said it was continuing to see strong momentum in its business.

Founded in 1985, Datalex, which trades on the Iseq, is headquartered in Dublin and maintains offices across Europe and the US. Its companies include Aer Lingus, Air China, Delta, Swiss International, Virgin Atlantic and WestJet.

In an interim management statement the company for the four months ending October 31st, the company said platform revenue was up 15 per cent versus the same period a year earlier. It said growth was mainly driven by new customers going live, including JetBlue Airways and Beibu Gulf Air, the group’s third Chinese carrier.

The group said it was confident of further signings in the Chinese market as it ramps up its presence locally.

Dalata said its financial position was in line with expectations.

The company recently released its new payments solution, Smart Wallet, which allows airlines to manage digital payments and credit functions. It also announced a new call centre application.

“2015 has been a year of continued growth for Datalex. In parallel we are investing in our business to position Datalex at the leading edge of the new airline retail environment, which will drive sustained growth for us in the years ahead,” the group said.

“We are satisfied with the progress we have made against our objectives so far this year, and we remain confident that our full-year 2015 guidance of 20 - 25 per cent growth in adjusted ebitda will be achieved, and that we will sustain this double digit growth trajectory into the future,” it added.