AMADEUS FIRE AG

Earnings Release • Feb 3, 2011

News Details

Ad-hoc | 3 February 2011 08:20

Amadeus FiRe AG: Preliminary figures for 2010

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

03.02.2011 08:20

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Frankfurt/Main, 3 February 2011. The Amadeus FiRe group completed fiscal
year 2010 with very good results. In 2010 consolidated sales came to EUR
117.5m, an increase of 6.1 per cent on prior year's revenue (EUR 110.7m).
The increase was primarily caused by higher temporary staffing sales. Also
the service lines permanent placement / recruitment and training and
education achieved sales increases whereas interim- / project management
sales were below prior year's level.
The gross profit margin improved from 39.2 per cent in 2009 to 41.2 per
cent in 2010.
This was due to a change in the service mix and a higher utilization rate
in temporary staffing.
The selling and administrative expenses rose by 8.7 per cent or EUR 2.4m
compared to prior year mainly due to higher payroll expenses.
In the preceding fiscal year the operative group result before goodwill
amortisation (EBITA) amounted to EUR 18.8m (prior year: EUR 16.1m), an
increase of 17.4 per cent.
The EBITA margin was 16.0 per cent after 14.5 per cent in the prior year.
Considering the already good result in 2009 the achieved result in 2010
was well above the expectations.
No goodwill was impaired in the reporting period (in prior year EUR 0.3m).
Earnings before interest and tax (EBIT) came to EUR 18.8m, a growth of
19.8 per cent compared to prior year.
Due to the current economic projections the management expects a moderate
increase of demand for Amadeus FiRe services and accordingly increasing
sales for fiscal year 2011. Despite planned investments in the existing
branch offices a positive result which should be above the average of the
industry is expected.
The final figures for the fiscal year 2010 will be announced during a
press conference/analyst's meeting on 16 March 2011.
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
Deutschland
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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