AMADEUS FIRE AG

Quarterly Report • Nov 6, 2023

Quarterly report for the first nine months of 2023

1 January to 30 September 2023

Corporate and share figures for the Amadeus

FiRe Group

€ thousand, Earnings per share in €	9 months 2017	9 months 2018	9 months 2019	9 months 2020	9 months 2021*	9 months 2022*	9 months 2023	Change 2022/2023
Consolidated statement of comprehensive income
Revenue	136,539	152,389	173,508	202,328	274,750	305,879	331,461	8.4%
Temporary staffing	92,825	100,004	114,715	101,774	120,187	136,857	133,505	-2.4%
Permanent placement	21,538	27,944	31,079	25,580	39,830	56,389	62,959	11.7%
Interim and project management	6,788	7,408	9,564	13,641	17,932	21,783	21,408	-1.7%
Training	15,389	17,033	18,150	61,255	97,044	90,774	113,666	25.2%
Operating gross profit	63,711	73,551	83,445	102,711	148,739	163,342	183,404	12.3%
Operating gross profit margin	46.7%	48.3%	48.1%	50.8%	54.1%	53.4%	55.3%	1.9 PP
EBITDA	25,058	28,542	36,718	40,978	64,266	66,952	74,150	10.8%
Operating EBITA**	24,313	27,519	31,627	28,188	49,387	50,240	54,485	8.4%
Operating EBITA margin	17.8%	18.1%	18.2%	13.9%	18.0%	16.4%	16.4%	0 PP
Profit for the period	16,049	18,389	20,967	11,400	26,164	28,651	32,739	14.3%
Balance Sheet
Balance sheet total	72,135	78,761	103,651	343,602	357,662	346,851	353,730	2.0%
Equity	42,415	44,929	47,710	113,560	138,676	158,446	143,269	-9.6%
Equity ratio	58.8%	57.0%	46.0%	33.0%	38.8%	45.7%	40.5%	-5.2 PP
Net financial debt	38,005	40,335	38,457	-152,564	-120,068	-93,129	-88,761	-4.7%
Leverage ratio	N/A	N/A	N/A	3.0	1.5	1.0	0.9	-9.3%
Cash flow
Cash flow from operating activities	19,558	21,539	26,014	25,962	56,457	57,708	64,666	12.1%
Free Cash flow	17,871	18,779	23,122	21,793	50,867	52,219	58,660	12.3%
Cash flow from investing activities	-1,657	-2,740	-2,887	-10,189	-5,532	-4,843	-5,994	23.8%
Cash flow from financing activities	-20,344	-21,867	-29,229	-9,766	-53,031	-56,394	-44,798	-20.6%
Share
Closing price Xetra in € as of 30 Sep	78.72	97.60	101.40	106.20	178.60	84.00	111.80	33.1%
Shares issued as of the balance sheet date (units)	5,198,237	5,198,237	5,198,237	5,306,375	5,718,060	5,718,060	5,718,060	0.0%
Market capitalization	409,205	507,348	527,101	563,537	1,021,246	480,317	639,279	33.1%
Dividend per share	3.96	4.66	0.00	1.60	3.04	4.50	N/A
Earnings per share	3.08	3.50	4.00	2.12	4.53	4.97	5.67	14.0%
Employees as of 30 Sep
Total employees	2,799	2,865	3,179	3,356	3,938	4,133	4,096	-0.9%
Leased employees	2,321	2,328	2,579	2,113	2,633	2,662	2,480	-6.8%

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

**Profit from operations before goodwill impairment and amortization of intangible assets from the purchase price allocation / as well as before effects from the measurement of the purchase price liability of the non-controlling shareholders in Amadeus FiRe Weiterbildung Verwaltungs GmbH (operating EBITA)

CONTENT

Quarterly Report for the first nine months of 202 3

General economic and industry conditions 4
Business performance 6
Financial position and results of operations 9
Outlook . 11

Financial information

Consolidated statement of comprehensive income 12
Consolidated balance sheet 13
Consolidated statement of cash flows . 14
Consolidated statement of changes in equity . 15
Segment reporting . 16

Other information

Information on forward-looking statements			1 7
Contact and financial calendar			. 18

QUARTERLY REPORT FOR THE FIRST NINE MONTHS OF 2023

Quarterly Report for the first nine months of 2023

General conditions

Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

General conditions

General economic conditions

Contrary to the forecast made in the summer, the economic recovery failed to materialise in the second half of the year and the cooldown continued. The slowing of economic performance has been clearly felt across all sectors. The ifo Institute currently expects that GDP will contract by 0.2 percent as against the previous quarter. A recovery is not expected until the end of the year at the earliest. According to the latest forecasts by the ifo Institute, gross domestic product adjusted for inflation will likely be 0.4 percent below the previous year in 2023.

Accordingly, the unemployment rate is expected to be higher than the previous year's level. For 2023 and 2024, this should average at 5.6 percent. The unemployment rate was 5.7 percent as at September 2023. Without adjusting for seasonal effects, the figure was up by 0.3 percentage points year-on-year.

The rate of inflation is expected to gradually decline over the coming months. The ifo Institute assumes that this will be 6.0 percent for 2023 and 2.6 percent for 2024.

The slightly negative overall economic trend is reflected in the negative sentiment of the German economy and the Business Climate Index. This has fallen by 0.1 percentage points from 85.8 in August to 85.7 in September. The indicator has deteriorated significantly in the service sector and construction in particular, while it has risen slightly in retail and manufacturing.

General conditions for personnel services

The BA-X labour market index published by the German Federal Employment Agency is an indicator of demand for workers. It has slumped noticeably compared to the previous year by 17 points from 132 to 115.

The BA-X contains the number of vacancies in temporary employment. This figure was down 21.9 percent year-on-year in September, a significantly sharper decline than in the total number (down 12.9 percent).

Like the number of vacancies, the number of jobs paying social insurance contributions in temporary employment has also fallen. Adjusted for seasonal effects, this was 4.7 percent lower than in the previous year based on extrapolated figures.

The ifo employment barometer, an indicator of German companies' willingness to hire employees, continued to fall as at September. The ifo employment barometer was at just 95.8 points in September 2023 after 99.6 in September 2022. Hiring numbers have decreased noticeably across all

5

Quarterly Report for the first nine months of 2023

General conditions

Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of compre hensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

sectors, an effect that has been felt by personnel service providers as well. Companies' willingness to hire should improve again as the economic situ ation recovers.

Demographic change still plays a major role, as it means that more and more workers will leave the labour market. Despite the currently weak economic situation, there is still a skills shortage for a large number of professional groups.

General conditions for training

Spending on publicly funded training rose by around 11 percent as against the very low level of the previous year in the first nine months of 2023, returning to a normalised level 1.6 percent higher than in 2021.

Corporate customers' willingness to provide training is still muted. The eco nomic recovery forecast for the second half of the year has so far failed to materialise and the cooldown has continued. This is also impacting compa nies' willingness to invest in employee training.

Professional training for private individuals is essentially independent of economic cycles. The current uncertainty has not yet caused any apparent change in patterns. The increased digitalisation of teaching has allowed better access to training and thus generally more demand for new delivery formats and opportunities.

Business performance

Quarterly Report for the first nine months of 2023

General conditions

Business performance Financial position and results of operations Outlook

Despite the negative developments within the German economy over the first nine months of 2023, the business performance of the Amadeus FiRe Group was positive and stable overall. The skills shortage is still the key driver of success. The recessive economic situation is affecting demand, but

At Group level, consolidated revenue grew by 8.4 percent to € 331.5 million. Operating EBITA was up by 8.4 percent on the figure for the previous year at € 54.5 million as at September 2023. There was a satisfactory development in net profit as well, increasing by 14.3 percent year-on-year to € 32.7 million.

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Key figures in the segments

plays a relatively minor role.

€ thousand	9 months 2023	9 months 2022	Change in percent
Revenue
Personnel Services segment	218,221	215,212	1.4%
Training segment	113,666	90,774	25.2%
Group	331,461	305,879	8.4%
Operating EBITA
Personnel Services segment	38,690	43,693	-11.5%
Training segment	15,795	6,541	141.5%
Group	54,485	50,240	8.4%
Operating EBITA margin
Personnel Services segment	17.7%	20.3%	-2.6 PP
Training segment	13.9%	7.2%	6.7 PP
Group	16.4%	16.4%	0 PP

Personnel Services segment

Quarterly Report for the first nine months of 2023

General conditions Business performance

Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Within this segment, revenue was virtually at the prior-year level while there was a slight increase in gross profit. While negative business sentiment barely affected the development of permanent placement, temporary staffing and interim and project management services were slightly in decline, with temporary staffing matching the prior-year level in the third quarter.

Building on an excellent previous year, permanent placement services again achieved double-digit growth of 11.7 percent, raising its revenue to € 63.0 million.

The revenue generated in temporary staffing was down slightly by 2.4 percent year-on-year at € 133.5 million as at September 2023. While constantly attracting new experts is still one of the central challenges, companies' willingness to hire is also being impeded by the recessive economic situation. In line with the general reduction in the number of jobs in temporary employment, Amadeus FiRe's performance is still being slowed as well.

There is a similar story in interim and project management, where revenue was down by 1.7 percent year-on-year at € 21.4 million. Although this development is generally less tied to the economic situation, companies are being more cautious here as well in the current year.

From the second quarter of 2022 until the middle of 2023, the sales organisation was rapidly expanded in light of the high demand for experts in order to leverage market opportunities to the best of ability. In the third quarter of 2023, there was only marginal further organisational growth compared to the previous quarter.

Besides the weaker than expected economic performance, the high share of new sales employees diluted productivity over the first nine months of 2023. Productivity should continue to rise as these employees spend more time at the company.

The economic development in conjunction with the higher headcount had a noticeable effect on the operating EBITA of the Personnel Services segment, which was down by 11.5 percent as against the previous year at € 38.7 million.

Personnel Services segment

9 months 2023	9 months 2022	Change in percent
218,221	215,212	1.4%
133,505	136,857	-2.4%
62,959	56,389	11.7%
21,408	21,783	-1.7%
112,581	108,883	3.4%
51.6%	50.6%	1 PP
38,690	43,693	-11.5%
17.7%	20.3%	-2.6 PP

Training segment

Training segment

Quarterly Report for the first nine months of 2023

General conditions

Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet

• Statement of cash flows
• Statement of changes in equity
• Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Segment revenue grew by a significant 25.2 percent to € 113.7 million in the first nine months of 2023. The total number of participants in the first nine months was up significantly on the same period of the previous year overall. The measures implemented in 2022 to stimulate business are having a clearly positive effect.

The segment's gross profit and gross profit margin likewise rose, aided by the higher capacity utilisation of the training organisations compared to the previous year. Overall,

the operating EBITA of the Training segment more than doubled by a significant 141 percent to € 15.8 million, thereby effectively counteracting the very weak performance in the previous year.

In publicly funded training, market position and visibility were structurally improved by an extended network of locations and the expansion of the product portfolio. Courses and seminars for private customers remained positive and experienced slight growth. A rise in classroom training is helping margin structures to return to normal following recent years. The significantly higher share of digital training compared to before COVID is resulting in a sustained increase in profitability. Training revenue with corporate clients performed positively despite high uncertainty and risk.

€ thousand	9 months 2023	9 months 2022	Change in percent
Total revenue	113,666	90,774	25.2%
COMCAVE	57,456	46,467	23.6%
GFN	31,940	22,485	42.1%
Steuer-Fachschule Dr. Endriss	24,280	21,868	11.0%
Operating gross profit	71,182	54,536	30.5%
gross profit Operating margin	62.6%	60.1%	2.5 PP
Operating EBITA	15,795	6,541	141.5%
Operating EBITA margin	13.9%	7.2%	6.7 PP

Financial position and results of operations

Financial performance

Please refer to the section on business performance and the comments on the segments for details of the development in the results of operations. Special items within EBITA decreased slightly from € 4.0 million in the previous year to € 3.5 million.

Earnings per share, based on the net profit for the period attributable to the ordinary shareholders of the parent company, increased by around 14 percent to € 5.67 in the first nine months of 2023 (previous year: € 4.97).

Financial position

Equity amounts to € 143.3 million as at 30 September 2023, down from € 168.4 million as at 31 December 2022. In particular, the decline in equity is due to the share buyback programme resolved on 25 September 2023. With the approval of the Supervisory Board, the Management Board resolved to buy back up to 285,903 no-par value bearer shares. This is equivalent to 5.00 percent of the company's current share capital. The offer price is € 112.50 per share. This results in a maximum amount of € 32.2 million, which was deducted from equity under "Treasury shares" as at 30 September 2023 and a corresponding financial liability was recognised.

The net profit of € 32.7 million for the period ended 30 September 2023 was also offset by the dividend distribution of € 25.7 million in May. The effects described caused the equity ratio to fall from 50.1 percent to 40.5 percent.

An amount of just € 8 million was utilised under existing credit agreements as at 30 September 2023. Financial liabilities have already increased significantly as a result of the anticipated share buyback. Gearing therefore climbed from 0.8 as at 31 December 2022 to 0.9 as at the end of the reporting period.

Quarterly Report for the first nine months of 2023

General conditions Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Financial performance

Quarterly Report for the first nine
months of 2023

General conditions Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity

Segment reporting

€ thousand 9 months 2023 Special items 9 months 2023 operating 9 months 2022* Special items* 9 months 2022 operating Change operational in % Revenue 331,461 0 331,461 305,879 0 305,879 8.4% Cost of sales -148,087 30 -148,057 -142,567 30 -142,537 3.9% Gross profit 183,374 30 183,404 163,312 30 163,342 12.3% Gross profit margin 55.3% N/A 55.3% 53.4% N/A 53.4% 1.9 PP Selling and administrative expenses -132,902 3,477 -129,425 -117,628 4,006 -113,622 13.9% Other income and expenses 506 0 506 520 0 520 -2.7% EBITA 50,978 3,507 54,485 46,204 4,036 50,240 8.4% EBITA margin 15.4% N/A 16.4% 15.1% N/A 16.4% 0 PP Financial result -2,084 0 -2,084 -1,889 0 -1,889 10.3% Profit before taxes 48,894 3,507 52,401 44,315 4,036 48,351 8.4% Income taxes -13,662 -386 -14,048 -13,833 -386 -14,219 -1.2% Profit after taxes 35,232 3,121 38,353 30,482 3,650 34,132 12.4%

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

Other information

Information on forward-looking statements Contact and Financial calendar

Outlook

Quarterly Report for the first nine months of 2023

General conditions Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Germany's economic development and the associated forecasts are subject to various risks and considerable uncertainty relating in particular to how inflation and economic policy will unfold. The state of the global economy and the geopolitical situation are also still defined by high uncertainty.

It is quite possible that general disruption could cause demand to continue to fall. However, this risk to Amadeus FiRe is mitigated by its broad customer base across multiple sectors and the opportunities this entails for substitution. Current economic developments are highly dynamic, difficult to predict and entail risks.

The results of the Personnel Services segment fell short of original planning overall in the first nine months of the year, while the Training segment has been able to exceed expectations to date. On the whole, the results of the Amadeus FiRe Group remained within the forecast ranges in the first nine months. In light of the no doubt weak overall economic situation in Germany by the end of the year, the Management Board is forecasting growth in operating EBITA of between 7 percent and 9 percent for fiscal 2023. This would mark a continuation of the earnings growth achieved to date and would be at the lower range of the earnings forecast projected at the start of the year.

For further information, please refer to the forecast in Part B (combined management report) of the 2022 annual report.

The quarterly report as at 30 September 2023 has been neither reviewed nor audited in accordance with section 317 HGB.

Frankfurt/Main, 24 October 2023

Robert von Wülfing Dennis Gerlitzki Thomas Surwald

CEO Member of the Management Board Member of the Management Board

-215

operations Outlook

statements

FINANCIAL INFORMATION

Consolidated statement of comprehensive income

Quarterly Report for the first nine months of 2023

General conditions Business performance Financial position and results of Financial information Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity Segment reporting Other information Information on forward-looking Contact and Financial calendar Consolidated statement of comprehensive income € thousand, Earnings per share in € 9 months 2023 9 months 2022* Q3 2023 Q3 2022* Revenue 331,461 305,879 114,729 104,792 Cost of sales -148,087 -142,567 -49,704 -47,439 Gross profit 183,374 163,312 65,025 57,353 Selling expenses -105,759 -94,300 -35,882 -30,867 thereof impairment of financial assets -168 -395 -76 General and administrative expenses -27,143 -23,328 -8,837 -7,590 Other operating income 571 607 152 208 Other operating expenses -65 -87 -10 -11 Profit from operations 50,978 46,204 20,448 19,093 Finance income 12 49 10 46 Finance costs -2,096 -1,938 -764 -749 Profit before taxes 48,894 44,315 19,694 18,390 Income taxes -13,662 -13,833 -5,715 -5,382 Profit after taxes 35,232 30,482 13,979 13,008 Profit attributable to non-controlling interests recognized under liabilities -2,493 -1,831 -1,146 -998 Profit for the period 32,739 28,651 12,833 12,010 Other comprehensive income 0 0 0 0 Total comprehensive income 32,739 28,651 12,833 12,010 Profit for the period attributable to: Non-controlling interests 334 216 141 62 Equity holders of Amadeus FiRe AG 32,405 28,435 12,692 11,948

Basic/diluted earnings per share	5.67	4.97	2.22	2.09
Equity holders of Amadeus FiRe AG	32,405	28,435	12,692	11,948
Non-controlling interests	334	216	141	62
Total comprehensive income attributable to:

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

Consolidated balance sheet

Consolidated balance sheet as of 30 Sep 2023

Quarterly Report for the first nine
months of 2023

General conditions
Business performance
Financial position and results of
operations
Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Statement of cash flows Statement of changes in equity

Other information

Segment reporting

Information on forward-looking statements Contact and Financial calendar

€ thousand	30 Sep 2023	31 Dez 2022
ASSETS
Goodwill	172,093	172,093
Other intangible assets	22,740	27,102
Property, plant and equipment	10,392	8,903
Right-of-use assets	66,737	68,214
Deferred tax assets	875	881
Total non-current assets	272,837	277,193
Trade receivables	57,762	50,321
Other assets	3,196	2,569
Income tax assets	361	352
Cash and cash equivalents	19,574	5,700
Total current assets	80,893	58,942
Total ASSETS	353,730	336,135

€ thousand	30 Sep 2023	31 Dez 2022
EQUITY AND LIABILITIES
Subscribed capital	5,718	5,718
Capital reserves	61,940	61,940
Retained earnings	105,360	98,686
Own Shares	-32,164	0
Total equity attributable to equity holders of Amadeus FiRe AG	140,854	166,344
Non-controlling interests	2,415	2,081
Total equity	143,269	168,425
Lease liabilities	50,363	52,303
Liabilities to shareholders	11,945	10,555
Other liabilities	10,823	8,648
Deferred tax liabilities	3,963	3,777
Total non-current liabilities	77,094	75,283
Lease liabilities	18,107	17,603
Other financial liabilities	39,865	9,858
Liabilities to shareholders	2,711	2,986
Trade payables	11,019	9,073
Contract liabilities	6,479	5,655
Income tax liabilities	23,875	17,010
Other liabilities	31,311	30,242
Total current liabilities	133,367	92,427
Total EQUITY AND LIABILITIES	353,730	336,135

Consolidated cash flow statement

Consolidated cash flow statement

Quarterly Report for the first nine months of 2023 General conditions Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Cash flow statement

Statement of changes in equity
Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

€ thousand	9 months 2023	9 months 2022*	Q3 2023	Q3 2022*
Profit for the period	32,739	28,651	12,833	12,010
Plus profit attributable to non-controlling interests recognized under liabilities	2,493	1,831	1,146	998
Income taxes	13,662	13,833	5,715	5,382
Finance income	-12	-49	-10	-46
Finance costs	2,096	1,938	764	749
Depreciation of intangible assets, property, plant and equipment and right-of-use assets	23,172	20,748	8,466	7,194
Earnings before interest, taxes and depreciation	74,150	66,952	28,914	26,287
Non-cash transactions	374	597	224	183
Changes in operating working capital
-Trade receivables and other assets	-7,798	-6,959	-2,484	-1,032
-Other assets	-627	1,133	967	968
-Trade payables and Contract liabilities	2,761	541	-239	13
-Other liabilities	3,159	3,059	1,686	2,403
Interest paid	-491	-658	-112	-123
Commissions paid	-247	0	-82	0
Income taxes paid	-6,615	-6,957	-2,222	-1,040
Net cash from operating activities	64,666	57,708	26,652	27,659
Interest received	12	49	10	46
Cash received for the selling of intangible assets and property, plant and equipment	0	8	0	1
Cash received from the acquisition of subsidiaries less net cash acquired	0	589	0	589
Cash paid for the acquisition of intangible assets and property, plant and equipment	-6,006	-5,489	-1,798	-1,865
Net cash used in investing activities	-5,994	-4,843	-1,788	-1,229
Cash received of loans	10,400	4,000	0	0
Cash repayments of loans	-12,400	-27,000	-2,400	-17,000
Cash repayments of lease liabilities	-14,260	-14,068	-4,798	-4,490
Interest payments on lease liabilities	-869	-481	-352	-166
Cash paid to non-controlling interests	-1,938	-1,462	0	0
Dividends paid to equity holders of Amadeus FiRe AG	-25,731	-17,383	0	0
Net cash used in financing activities	-44,798	-56,394	-7,550	-21,656
Change in cash and cash equivalents	13,874	-3,529	17,314	4,774
Cash and cash equivalents at the beginning of the reporting period	5,700	11,587	2,260	3,284
Cash and cash equivalents at the end of the reporting period (consolidated balance sheet)	19,574	8,058	19,574	8,058

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

Consolidated statement of changes in equity

	Consolidated statement of changes in equity
Quarterly Report for the first nine months of 2023	€ thousand	Subscribed capital	Capital reserves	Retained earnings	Own Shares at acquisition costs	Total equity attributable	Non-controlling interests	Total equity
General conditions Business performance						to equity holders of Amadeus FiRe AG
Financial position and results of operations	As of 01 Jan 2022*	5,718	61,944	77,675	0	145,337	1,841	147,178
Outlook	Total comprehensive income*	0	0	28,435	0	28,435	216	28,651
Financial information	Dividends	0	0	-17,383	0	-17,383	0	-17,383
	As of 30 Sep 2022*	5,718	61,944	88,727	0	156,389	2,057	158,446
Consolidated statement of compre hensive income Balance sheet Cash flow statement	As of 01 Jan 2023	5,718	61,940	98,686	0	166,344	2,081	168,425
Statement of changes in equity Segment reporting	Total comprehensive income	0	0	32,405	0	32,405	334	32,739
	Dividends	0	0	-25,731	0	-25,731	0	-25,731
Other information	Acquisition of own Shares	0	0	0	-32,164	-32,164	0	-32,164
Information on forward-looking	As of 30 Sep 2023	5,718	61,940	105,360	-32,164	140,854	2,415	143,269

Information on forward-looking statements Contact and Financial calendar

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

Segment reporting

Segment reporting

Quarterly Report for the first nine	€ thousand	Personnel Services		Training		Reconciliation		Amadeus FiRe Group
months of 2023 General conditions		9 months 2023	9 months 2022	9 months 2023	9 months 2022*	9 months 2023	9 months 2022*	9 months 2023	9 months 2022*
Business performance	External revenue	217,828	215,118	113,633	90,761	0	0	331,461	305,879
Financial position and results of	Internal revenue	393	94	33	13	-426	-107	0	0
operations Outlook	Total revenue	218,221	215,212	113,666	90,774	-426	-107	331,461	305,879
	Gross profit	112,581	108,883	71,152	54,506	-359	-77	183,374	163,312
	Gross operating profit	112,581	108,883	71,182	54,536	-359	-77	183,404	163,342
Financial information	profit Gross operating margin	51.6%	50.6%	62.6%	60.1%	-	-	55.3%	53.4%
Consolidated statement of compre hensive income	EBITDA	44,926	49,224	29,224	17,722	0	6	74,150	66,952
Balance sheet	Amortization and depreciation	-6,236	-5,531	-16,936	-15,207	0	0	-23,172	-20,738
Cash flow statement	Impairment	0	0	0	-10	0	0	0	-10
Statement of changes in equity	EBITA	38,690	43,693	12,288	2,505	0	6	50,978	46,204
Segment reporting	Special items	0	0	-3,507	-4,036	0	0	-3,507	-4,036
	Operating EBITA	38,690	43,693	15,795	6,541	0	6	54,485	50,240
Other information	Operating EBITA margin	17.7%	20.3%	13.9%	7.2%	-	-	16.4%	16.4%
Information on forward-looking	Segment assets**	127,308	116,304	226,422	229,633	0	914	353,730	346,851
statements Contact and Financial calendar	thereof goodwill	30,364	30,364	141,729	141,729	0	0	172,093	172,093
	Investments	1,579	1,807	4,436	3,532	0	0	6,015	5,339
	Segment liability**	123,166	106,351	77,902	73,421	9,393	8,634	210,461	188,406

* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Notes Chapter 8 / Annual Report 2022

**Excluding carrying amounts of equity investments and receivables/liability from affiliates

OTHER INFORMATION

Quarterly Report for the first nine months of 2023

General conditions Business performance Financial position and results of operations Outlook

Financial information

Consolidated statement of comprehensive income Balance sheet Cash flow statement Statement of changes in equity Segment reporting

Other information

Information on forward-looking statements Contact and Financial calendar

Information on forward-looking statements

This document contains certain forward-looking statements. Forward-looking statements are all statements not relating to historical facts or events. These statements are indicated by expressions such as "expect", "believe", "estimate", "assume", "predict", "presume", "forecast", "will" and similar expressions. Such forward-looking statements are subject to risks and uncertainty as they relate to future events and current assumptions by the company that may not occur in the future, or that may not occur as expected. The company notes that such forward-looking statements do not represent a guarantee for the future; the actual results, including the financial position and profitability of Amadeus FiRe AG and the development of the economic and regulatory conditions, may differ materially from (and, in particular, be more negative than) the estimations expressly or implicitly assumed or described in these statements. Even if the actual results of Amadeus FiRe AG, including the financial position and profitability and the economic and regulatory conditions, prove to be consistent with the forward-looking statements in this interim report, the company cannot guarantee that this will also be the case in future.

There may be slight differences in the amounts or percentage changes shown at different points in this report; this is due to rounding differences.

This document is also available in German. In the event of any discrepancies, the German version of the document takes precedence over the English translation.

Financial Calendar

Quarterly Report for the first nine months of 2023
General conditions	Oct/Nov 2023	International roadshow
Business performance		Publication of Annual Report 2023
Financial position and results of operations	19 Mar 2024	Publication of Sustainability Report 2023
Outlook	15 May 2024	Annual shareholder meeting

Financial information

Consolidated statement of compre
hensive income
Balance sheet
Cash flow statement
Statement of changes in equity
Segment reporting

Other information

Information on forward-looking
statements
Contact and Financial calendar

Responsible:

Amadeus FiRe AG Investor Relations

Hanauer Landstrasse 160, 60314 Frankfurt/Main Tel.: 069 96876-180 E-mail: investor-relations@amadeus-fire.de Internet: www.amadeus-fire.de

Online version:

The financial report can be downloaded as a PDF from our website.

The Amadeus FiRe Group online:

www.amadeus-fire.de www.comcave.de www.endriss.de www.gfn.de www.ifrs-akademie.de www.taxmaster.de