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  "documentTitle": "2024 Q3 Results Presentation",
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  "notes": "Includes a footnote regarding the restatement of capital expenditure figures.",
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      "text": "1. From January 1, 2024, capital expenditure is presented net of inflows from sales of assets. For comparison purposes with prior year, 2023 figures have been restated accordingly. As a consequence of this restatement, 2023 first nine-month capital expenditure is lower by €2.7 million.",
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      "text": "Capital expenditure: +€66.2 million, or +14.4%, at Sep YTD 2024, vs. 2023, mainly resulting from (i) higher internally developed software capitalizations, and (ii) a decline in PP&E... At Sep YTD 2024, capital expenditure represented 11.4% of revenue. Capital expenditure expected to grow faster in Q4 than in Q3 (vs. prior year).",
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      "text": "R&D investment: €974.0 million at Sep YTD 2024 (+18.0% vs. 2023), focused on: The evolution and expansion of our portfolio for airlines... The evolution of our hospitality platform... The enhancement of our solutions for travel sellers... Our shift to cloud... Developments related to bespoke and consulting services... Customer implementations across businesses.",
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