** Shares in Amadeus AMA.MC slip around 3% after the Spanish travel technology company reported in-line Q1 results but updated its 2025 outlook to reflect a FX headwind
** It posted Q1 adjusted net profit of 364 million euros on Thursday, roughly in line with analysts' estimates
** Amadeus reiterated its 2025 outlook excluding FX, but has now provided updated numbers at constant currency to reflect a FX headwind
** It now sees 2025 revenue in a range of 6.6 billion euros - 6.84 billion euros and EBITDA between 2.46 billion euros and 2.58 billion euros in constant currency
** J.P.Morgan expects the shares to be weak given air bookings growth moderation in Q1 and in April and likely cuts to consensus
** It sees consensus forecasts on a headline basis to move down low-mid single digit percentage points based on the FX headwind and on weaker bookings
** The stock is among worst performers on Madrid's IBEX 35 .IBEX index
(Reporting by Joao Manuel Mauricio)
((JoaoManuel.VicenteMauricio@thomsonreuters.com))
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