AMADEUS FIRE AG

Earnings Release • Apr 25, 2013

News Details

Ad-hoc | 25 April 2013 09:43

Amadeus FiRe AG: First quarter results of fiscal year 2013

Amadeus FiRe AG / Key word(s): Quarter Results

25.04.2013 09:43

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Ad-Hoc-Announcement

Amadeus FiRe AG: First quarter results of fiscal year 2013

Frankfurt/Main, 25 April 2013. In the first quarter of fiscal year 2013 the
Amadeus FiRe Group achieved consolidated revenues of EUR 33,068k (prior
year: EUR 33,311k), a decline of 0.7%. A contraction in sales of 4% in
temporary staffing was nearly compensated by increasing sales of the
remaining services. The reporting period had three chargeable days less
than the respective prior year period.

The different services developed as follows:
- Temporary staffing - 4%
- Interim and project management + 8%
- Permanent placement + 15%
- Training + 5%

After the first three months of the business year, gross profit of the
Amadeus FiRe Group amounted to EUR 13,151k after EUR 14,165k in prior
year's period. The gross profit margin was 39.8% (prior year: 42.5%). The
margin effect is primarily due to a shortfall in temporary staffing sales
from three fewer chargeable work days as well as an exceptional high level
of sickness absence among temporary staff in the first quarter of 2013.
Whereas the further increase in the share of sales attributable to
permanent placement had a positive margin impact. In the area of training
and education the gross profit margin increased on the back of an
improvement in course capacity utilisation.
In the first quarter selling and administrative expenses came to EUR 9,127k
after EUR 8,905k recorded last year. The increase of 2.5% derives mainly
from higher expenses for rent, internal training and IT.
The operating profit was EUR 4,058k and fell below the comparable prior
year amount of EUR 5,228k, a decrease of EUR 1,170k (-22.4%). After three
months the EBITA margin was at 12.3% compared to 15.7% in prior year's
period. Taking out the effect due to the lower number of chargeable days
the adjusted EBITA is unchanged on prior year's level.
Based on the current order situation and assuming macroeconomic factors
develop as forecast, the Management Board expects earnings for the 2013
financial year to again be higher than the industry average for specialist
personnel service providers.
The complete report is available at www.amadeus-fire.de.

Amadeus FiRe AG
Thomas Weider
Investor Relations
Tel: +49 (69) 96 876-180
Investor-Relations@Amadeus-FiRe.de

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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: investor-relations@amadeus-fire.de
Internet: www.amadeus-fire.de
ISIN: DE0005093108
WKN: 509310
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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