AMADEUS FIRE AG

Earnings Release • Oct 21, 2003

News Details

Ad-hoc | 21 October 2003 08:26

Amadeus Fire AG english

AMADEUS FIRE AG half year results of fiscal year 2003/2004 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AMADEUS FIRE AG half year results of fiscal year 2003/2004 Frankfurt/Main, 21st of October 2003. After six months of the fiscal year the Group achieves consolidated sales revenues of EUR k 25.170 (prior year: EUR k 32.863), a decline of 23,4 per cent. Sales revenues for the first half year are slightly below the plan for fiscal year 2003/2004. Following a very strong 1 half year of fiscal year 2002/2003 with a growth of 5 per cent in an already significantly declining German market, half year’s temporary staffing sales dropped by almost 32 per cent. This decline is due to a late cyclical slump in demand especially in temporary staffing of finance and accounting positions. Steuer-Fachschule Dr. Endriss continued to extend its leading market position in training and education in accounting and tax. The gross profit margin gained 100 basis points, improving from 39,3 per cent to 40,3 per cent. In the 2nd quarter of fiscal year 2003/2004 the gross profit margin was improved by 52 basis points. The utilization rate in temporary staffing improved further. At 30th of September 2003 the EBITA totals to EUR k 1.284 (prior year: EUR k 3.482), a reduction by 63,1 per cent. The EBITA margin for the first half year was 5,1 per cent compared to 10,6 per cent of prior year. In the 2nd quarter of fiscal year 2003/04 an EBITA margin of 8,1 per cent (prior year 13,7%) was achieved. The planned result for the first six months was met. The ongoing weak economic situation as well as the negative investment propensity continue to burden the German staffing industry. Currently, positive signs for an economic pick-up are not foreseeable. Based on the executed cost cutting measures the management reinforces the EBITA projections of approx. EUR 2.6 Mio. The current half year report is available for download on the AMADEUS FIRE homepage http://www.amadeus-fire.com. AMADEUS FIRE AG Thomas Weider, Investor Relations Tel: +49 (69) 96 876-180 investor-relations@amadeus-fire.de end of ad-hoc-announcement (c)DGAP 21.10.2003 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart 210826 Okt 03