AMADEUS FIRE AG

Earnings Release • Jul 22, 2002

News Details

Ad-hoc | 22 July 2002 07:30

Amadeus AG english

Continuing Growth of Amadeus Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Continuing Growth of Amadeus Frankfurt/Main, 22nd of July 2002. Amadeus AG Human Resource Services and Solution Provider continues its positive development in a recessive market environment. The consolidated financial statements are prepared in accordance with IFRS and show at 30th of June total sales revenues of KEuro 16.126 (prior year KEuro 15.758; excluding Amadeus IT Consulting GmbH), an increase of 2,3 per cent. In the first quarter sales were slightly above the projections published by Amadeus. In the first three months Amadeus Group generates a gross profit of KEuro 5.972 (prior year KEuro 6.540; excluding Amadeus IT). Thus the gross profit margin equivals to 37,4 per cent (prior year 41,5 per cent; excluding Amadeus IT). In general the gross profit margin for the first quarter is the lowest during Amadeus’ fiscal year, due to the above average number of public holidays falling in that quarter. Furthermore, external employees had to be held available due to extended decision periods of the clients. This leads to a lower utilization rate which burdens the gross profit margin. In addition the decreasing sales in the areas of permanent placement and executive search do influence the gross profit margin, given that these services contribute a very high gross profit margin. The EBITA for the first quarter amounts to KEuro 1.185. Therewith the Amadeus Group exceeds the planned result for the first quarter of fiscal year 2002/2003 by some 12 per cent. Compared to prior year the EBITA excluding Amadeus IT for the quarter decreased by 46,9 per cent. The Group achieves an EBITA-margin of 7,4 per cent (prior year 14,2 per cent; excluding Amadeus IT). The reduction of the margin is based on the above mentioned influencing factors which materialized as expected. The net income after minorities for the period amounts to KEuro 396, a decrease of 61,8 per cent. The earnings per share including goodwill amortization total Euro 0,08 (prior year Euro 0,20; excluding Amadeus IT). The quarter report can be downloaded or ordered on the Amadeus-Homepage (http://www.AmadeusAG.com). Amadeus AG Robert v. Wülfing, Investor Relations, Tel: +49 (69) 96 876-180 end of ad-hoc-announcement (c)DGAP 22.07.2002 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: SDax Listed: Amtlicher Markt in Frankfurt (SMAX), Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 220730 Jul 02