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AMADEUS FIRE AG
Earnings Release • Jul 22, 2021
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Earnings Release
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News Details
Ad-hoc | 22 July 2021 07:01
Amadeus FiRe AG significantly increases growth forecast
Amadeus FiRe AG / Key word(s): Forecast/Half Year Report
Amadeus FiRe AG significantly increases growth forecast
22-Jul-2021 / 07:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
AD HOC ANNOUNCEMENT
Frankfurt/Main, July 22, 2021.
Amadeus FiRe AG was able to close the first half of fiscal year 2021 with a very positive development. In both segments, Personnel Services and Training, the company found its way out of the crisis with a significant increase in revenue and earnings and has already clearly outperformed the pre-crisis level in 2019. In the first 6 months, consolidated sales rose by 30 percent to €178.4 million and operating profit from business activities (operating EBITA) by 70 percent to €29.5 million.
Based on last year’s operating EBITA of €41.1 million, the 2020 annual report forecasted growth in operating profit of a good 15 percent for 2021 as a whole, with improving business momentum from the middle of the year.
The Management Board is correcting this forecast and expects significantly more dynamic growth for 2021 as a whole. It is expected to increase the previous year’s result by at least 50 percent. After €29.5 million in the first half of the year, the €60 million threshold for operating EBITA should be clearly exceeded for the year as a whole.
The basic assumption is that there will be no renewed economic disruptions as at the beginning of the 2020 pandemic.
Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-180
22-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Amadeus FiRe AG |
| Hanauer Landstrasse 160 | |
| 60314 Frankfurt am Main | |
| Germany | |
| Phone: | +49 (0)69 96876 – 180 |
| Fax: | +49 (0)69 96876 – 182 |
| E-mail: | [email protected] |
| Internet: | www.amadeus-fire.de |
| ISIN: | DE0005093108 |
| WKN: | 509310 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1220838 |
| End of Announcement | DGAP News Service |