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AMADEUS FIRE AG
Earnings Release • Jul 21, 2016
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Earnings Release
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Media | 21 July 2016 07:45
Amadeus FiRe AG: Half year results of fiscal year 2016
DGAP-Media / 2016-07-21 / 07:45
Press release
Amadeus FiRe AG: Half year results of fiscal year 2016
Frankfurt/Main, 21 July 2016. In the first six months of the 2016 financial year, the Amadeus FiRe Group generated consolidated sales of EUR 83,533k (prior year: EUR 82,254k), an increase of 1.6%. The reporting period had two billable days more than the respective prior year’s period. Except for the temporary staffing service, which was 1.6% below the previous year, all other services contributed to the sales improvement.
Sales of individual services developed as follows:
- Temporary staffing – 1,6%
- Permanent placement + 11,9%
- Interim and project management + 3,7%
- Training + 12,0%
The gross profit of the Amadeus FiRe Group improved by 5.2% to EUR 35,240k (previous year: EUR 33,505k). The gross profit margin increased by 1.5 percentage points, from 40.7% to 42.2%. Besides the positive impact of the higher number of billable days, the steady growth in the share of total revenue of the permanent placement service had a positive effect.
Selling and administrative expenses amounted to EUR 22,619k in the period under review after EUR 22,114k in the previous year. The increase of 2.3% was primarily attributable to staff costs. The increase of the salary ranges for the sales staff, recruiting of new sales staff in the branch offices and the filling of new overhead positions were responsible for this. Other cost drivers were increased marketing costs for online recruitment and customer events, along with higher rental costs. The number of sales staff has increased year-on-year, but the planned number has still not been achieved in total.
EBITA amounted to EUR 12,712k, an increase of 10.8% on the figure of EUR 11,472k recorded in the same period of the previous year. The earnings effect from the two additional billable days was around EUR 1.0m. The EBITA margin rose by 1.3 percentage points to 15.2% (previous year: 13.9%).
A moderate revenue growth still is the objective for both the personnel services segment and the training segment. Owing to the planned cost increases arising from strengthening the sales organization, the enhancement of competitiveness and from the implementation of the new frontend software, EBITA for 2016 is still expected to be between five and ten percent below the 2015 result.
The complete report is available at www.amadeus-fire.de.
Amadeus FiRe AG
Thomas Weider
Investor Relations
Tel: +49 (69) 96 876-180
End of Media Release
Issuer: Amadeus FiRe AG
Key word(s): Services
2016-07-21 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | Amadeus FiRe AG |
| Darmstädter Landstr. 116 | |
| 60598 Frankfurt | |
| 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 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX |
| End of News | DGAP Media |