Quarterly Report • May 12, 2023
Quarterly Report
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1 January 2023 to 31 March 2023
| € thousand, Earnings per share in € | 3 months 2017 | 3 months 2018 | 3 months 2019 | 3 months 2020 | 3 months 2021 | 3 months 2022* | 3 months 2023 | Change 2022/2023 |
|---|---|---|---|---|---|---|---|---|
| Consolidated statement of comprehensive income |
||||||||
| Revenue | 44,848 | 48,220 | 55,310 | 76,422 | 87,650 | 102,817 | 111,075 | 8.0% |
| Temporary staffing | 31,335 | 32,562 | 36,677 | 39,999 | 37,275 | 46,833 | 46,314 | -1.1% |
| Permanent placement | 6,818 | 8,442 | 10,180 | 9,914 | 12,501 | 18,138 | 20,426 | 12.6% |
| Interim and project management | 2,390 | 2,477 | 3,018 | 5,111 | 5,936 | 6,677 | 7,009 | 5.0% |
| Training | 4,306 | 4,739 | 5,435 | 21,285 | 31,989 | 31,179 | 37,369 | 19.9% |
| Operating gross profit | 20,732 | 22,046 | 26,174 | 38,389 | 47,666 | 55,630 | 61,174 | 10.0% |
| Operating gross profit margin | 46.2% | 45.7% | 47.3% | 50.2% | 54.4% | 54.1% | 55.1% | 1 PP |
| EBITDA | 7,675 | 7,267 | 10,518 | 14,752 | 19,994 | 23,097 | 25,252 | 9.3% |
| Operating EBITA** | 7,434 | 6,936 | 8,948 | 10,598 | 14,767 | 17,623 | 19,066 | 8.2% |
| Operating EBITA margin | 16.6% | 14.4% | 16.2% | 13.9% | 16.8% | 17.1% | 17.2% | 0 PP |
| Profit for the period | 5,029 | 4,674 | 5,952 | 4,996 | 7,942 | 10,601 | 11,851 | 11.8% |
| Balance Sheet | ||||||||
| Balance sheet total | 78,017 | 83,155 | 111,269 | 322,437 | 359,109 | 350,418 | 353,592 | 0.9% |
| Equity | 47,125 | 51,800 | 56,919 | 55,955 | 121,896 | 157,779 | 180,276 | 14.3% |
| Equity ratio | 60.4% | 62.3% | 51.2% | 17.4% | 33.9% | 45.0% | 51.0% | 6 PP |
| Net financial debt | 43,403 | 45,911 | 24,796 | -198,579 | -139,171 | -101,930 | -60,553 | -40.6% |
| Leverage ratio | N/A | N/A | N/A | 4.0 | 2.2 | 1.1 | 0.6 | -41.2% |
| Cash flow | ||||||||
| Cash flow from operating activities | 4,832 | 4,274 | 4,030 | 3,511 | 15,843 | 12,090 | 19,066 | 57.7% |
| Free Cash flow | 4,266 | 2,507 | 3,270 | 1,918 | 13,781 | 10,374 | 17,235 | 66.1% |
| Cash flow from investing activities | -564 | -1,766 | -1,221 | -1,593 | -2,061 | -1,714 | -1,830 | 6.8% |
| Cash flow from financing activities | 0 | 0 | -1,191 | -3,212 | -9,848 | -9,485 | -4,965 | -47.7% |
| € thousand, Earnings per share in € | 3 months 2017 | 3 months 2018 | 3 months 2019 | 3 months 2020 | 3 months 2021 | 3 months 2022* | 3 months 2023 | Change 2022/2023 |
|---|---|---|---|---|---|---|---|---|
| Share | ||||||||
| Closing price Xetra in € as of 31 Mar | 76.15 | 90.80 | 102.80 | 77.70 | 124.80 | 144.60 | 138.60 | -4.1% |
| Shares issued as of the balance sheet date (units) |
5,198,237 | 5,198,237 | 5,198,237 | 5,198,237 | 5,718,060 | 5,718,060 | 5,718,060 | 0.0% |
| Market capitalization | 395,846 | 472,000 | 534,379 | 403,903 | 713,614 | 826,831 | 792,523 | -4.1% |
| Dividend per share*** | 3.96 | 4.66 | 0.00 | 1.60 | 3.04 | 4.50 | N/A | |
| Earnings per share | 0.96 | 0.89 | 1.14 | 0.96 | 1.38 | 1.84 | 2.06 | 11.7% |
| Employees as of 31 Mar | ||||||||
| Total employees | 2,630 | 2,764 | 3,014 | 3,471 | 3,529 | 4,062 | 4,040 | -0.5% |
| Leased employees | 2,151 | 2,232 | 2,426 | 2,460 | 2,283 | 2,657 | 2,503 | -5.8% |
\* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Annual Report 2022 In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see 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) ** 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)
\\\* In 2022, this is the dividend proposal *** In 2022, this is the dividend proposal
4
| General conditions | 5 | |||
|---|---|---|---|---|
| Business performance | 7 | |||
| Financial position and results of operations | 10 | |||
| Outlook | 11 |
| Consolidated statement of comprehensive income . 12 |
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|---|---|
| Consolidated statement of financial position . 13 |
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| Consolidated statement of cash flows 14 |
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| Consolidated statement of changes in equity 15 |
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| Segment reporting 16 |
Contact and financial calendar . . . . . . . . . . . . . 17
Business performance Financial position and results of operations Outlook
Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity Segment reporting
Contact and financial calendar
As in the winter of 2022, the German economy continued to contract over the first quarter of 2023. Consistently high inflation and the sharp rise in financing costs had a noticeably negative effect on purchasing power. Meanwhile, the industrial sector performed well, having recovered thanks to easing supply shortages for intermediate products and the reduction in the price of energy. According to ifo, the German economy should pull off a robust recovery as the year progresses. This should also be reflected by a slow decline in inflation and rising wages.
The ifo Business Climate Index has been developing positively recently. It has been climbing steadily since the start of the year to 93.3 points as at March 2023, an increase of 2.8 points compared to the previous year. The Index performed well overall across all sectors.
According to the latest forecasts by the ifo Institute, gross domestic product is expected to remain flat in 2023.
The effects of the tense economic situation on the labour market were apparent, but it is nonetheless proving to be robust overall. According to the German Federal Employment Agency, the spring recovery was only weakly felt during the first quarter. Adjusted for seasonal effects, unemployment and underemployment have increased significantly.
The unemployment rate was 5.7 percent in March, an increase of 0.6 percentage points compared to the previous year.
According to the German Federal Employment Agency, the temporary staffing market saw a slight month-on-month decrease in the number of jobs paying social insurance contributions in the field of temporary employment in January 2022. Without adjusting for seasonal effects, the number of jobs was down by 2 percent or 12,000 year-on-year. The number of jobs in the temporary employment field is lower than in the same period of the previous year, both with and without adjustment for seasonal effects.
The BA-X labour market index published by the German Federal Employment Agency – an indicator of demand for workers – fell significantly by 11 points compared to the previous year from 136 to 125 as at March. Following an all-time high in May 2022, demand is now on a downward trajectory but is still at a relatively high level overall.
The ifo employment barometer, an indicator of German companies' willingness to hire, rose from 99.4 points in the previous month to 99.9 in March. So far, however, there has been no major movement on the labour market across all sectors. The employment barometer is down by 2.2 points yearon-year.
6
Contact and financial calendar
Companies' willingness to hire is dependent on the respective economic sector. While recruitment was on the rise in industry and the service sector, for example, retail and energy-intensive sectors such as chemicals remain reticent.
The market volume for publicly funded training was higher than the previous year's level in the first quarter of 2023, but still lower than the 2021 level. Spending by the German Federal Employment Agency (SGB II + SGB III) was up by 5.3 percent year-on-year as at the end of March 2023, but still 3.5 per cent below the 2021 level.
While there are signs of a slight improvement in corporate customers' will ingness to provide training, this is currently being held back by the deterio ration in business sentiment and fears of a recession.
By contrast, the long-term forecast demand from private individuals for further professional qualifications is largely unaffected by economic cycles, and the current uncertainty has not yet to lead to an observable change in behaviour.
Business performance Financial position and results of operations
Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity
Contact and financial calendar
Consolidated revenue grew by 8.0 percent year-on-year. Operating EBITA grew by 8.4 percent as against the previous year to € 19.1 million as at the end of the first quarter. Consolidated net income for the period rose by a gratifying 12.1 percent to € 11.9 million.
| € thousand | 3 months 2023 | 3 months 2022 | Change in percent | |
|---|---|---|---|---|
| Revenue | ||||
| Personnel Services segment | 73,817 | 71,681 | 3.0% | |
| Training segment | 37,369 | 31,179 | 19.9% | |
| Group | 111,075 | 102,817 | 8.0% | |
| Operating EBITA | ||||
| Personnel Services segment | 13,475 | 14,304 | -5.8% | |
| Training segment | 5,591 | 3,319 | 68.5% | |
| Group | 19,066 | 17,623 | 8.2% | |
| Operating EBITA margin | ||||
| Personnel Services segment | 18.3% | 20.0% | -1.7 PP | |
| Training segment | 15.0% | 10.6% | 4.4 PP | |
| Group | 17.2% | 17.1% | 0.1 PP |
Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity Segment reporting
Contact and financial calendar
The performance of Personnel Services segment was stable in the first three months of 2023. Its revenue level is around 3 percent higher than the outstanding prior-year quarter, and gross operating profit likewise climbed by 4.8 percent to € 37.9 million. The significantly less dynamic performance compared to the previous year is in line with the general trend on the labour market, where the usually robust spring recovery was somewhat weaker in the first quarter.
Revenue from the temporary staffing service almost matched the previous year's level (down 1.1 percent). The weaker trend in this service is in line with the performance of the sector as a whole, which experienced a slight decline in the number of jobs paying social insurance contributions as at the end of the first quarter. The key factor behind this is the shortage of candidates. The high level of absence due to illness as at the end of 2022 also had a material impact into the current year.
Revenue from permanent placement services rose again by 12.6 percent year-on-year, reaching a new high of € 20.4 million and achieving quarterly revenue in excess of € 20 million for the first time. German companies' willingness to hire is still high, especially considering the skills shortage.
Personnel Services segment
Customer demand was consistently high in the first quarter. The significantly higher volume achieved by this service in the previous year was continued thanks to the larger branch organisation.
Interim and project management also continued to develop well in the first quarter of 2023, though the momentum has slowed to a moderate level compared to the extremely successful previous year. The revenue generated by this service rose by 5 percent to € 7.0 million. The results for this service are generally less affected by the state of the economy as a whole, but are typically dependent on companies' specific projects.
The growth and expansion phase successfully implemented in 2022 was continued at the start of 2023. The goal is still to boost the sales and recruitment organisation in the long term while further expanding the segment's own market position.
The operating EBITA of the Personnel Services segment was down slightly by 5.8 percent as against the previous year at € 13.5 million.
| € thousand | 3 months 2023 | 3 months 2022 | Change in percent |
|---|---|---|---|
| Total revenue | 73,817 | 71,681 | 3.0% |
| Temporary staffing | 46,314 | 46,833 | -1.1% |
| Permanent placement | 20,426 | 18,138 | 12.6% |
| Interim and project management | 7,009 | 6,677 | 5.0% |
| Operating gross profit | 37,921 | 36,173 | 4.8% |
| Operating gross profit margin |
51.4% | 50.5% | 0.9 PP |
| Operating EBITA | 13,475 | 14,304 | -5.8% |
| Operating EBITA margin |
18.3% | 20.0% | -1.7 PP |
Quarterly Statement for the First Quarter of 2023
Financial position and results of operations Outlook
Statement of comprehensive income Consolidated balance sheet Statement of cash flows
Statement of changes in equity Segment reporting
Contact and financial calendar
The performance in publicly funded training was particularly positive in the first quarter of 2023. In addition to the general market development in publicly funded training, this is thanks to the expansion of Comcave's and GFN's market position with a more extensive network of locations and the broader product portfolio. Revenue growth in publicly funded training was in excess of 20 percent.
Courses and seminars for private customers experienced robust and continuous growth in the first three months of 2023. The different types of training
| € thousand | 3 months 2023 | 3 months 2022 | Change in percent |
|---|---|---|---|
| Total revenue | 37,369 | 31,179 | 19.9% |
| Comcave | 19,872 | 17,789 | 11.7% |
| GFN | 10,466 | 7,402 | 41.4% |
| Steuer-Fachschule Dr. Endriss | 7,046 | 6,139 | 14.8% |
| Operating gross profit | 23,330 | 19,494 | 19.7% |
| Operating gross profit margin |
62.4% | 62.5% | -0.1 PP |
| Operating EBITA | 5,591 | 3,319 | 68.5% |
| Operating EBITA margin |
15.0% | 10.6% | 4.3 PP |
available ensure access to a broad range of customer groups while maintaining attractive margin structures. Training revenue with corporate clients also developed very well at a low level in the first quarter of 2023. Revenue generated by the Dr Endriss Tax College grew by around 15 percent as against the previous year.
At € 5.6 million (previous year: € 3.3 million), earnings in the Training segment were up significantly by 68.5 percent year-on-year. Better utilisation of the existing training organisation by more participants is having a positive effect on earnings power. This also compensated for additional expenses due to inflation.
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. Earnings per share, based on the net profit for the period attributable to the ordinary shareholders of the parent company, increased by around 12 percent to € 2.06 in the first three months of 2023 (previous year: € 1.84).
The prior-year figures in the quarterly statement have been restated due to the correction of an error in accordance with IAS 8.42 in the consolidated financial statements as at 31 December 2022; some figures in the tables have been restated. Please refer to the disclosures in the notes to the consolidated financial statements as at 31 December 2022. The tables concerned have been indicated accordingly in the quarterly statement. Special items within EBITA decreased from € 1.3 million in the previous year to € 1.2 million.
Equity amounts to € 180.3 million as at 31 March 2023, up from € 168.4 million as at 31 December 2022. The increase resulted exclusively from the net income for the period of € 11.9 million as at 31 March 2023. The equity ratio climbed from 50.1 percent to 51.0 percent.
There was no significant change in debt in the first three months; € 10.0 million of the revolving credit facility was utilised as at 31 March 2023. Gearing was reduced from 0.8 as at 31 December 2022 to 0.6 as at the end of the reporting period. In particular, this was thanks to increased liquidity in the first three months and higher rolling EBITDA.
| 3 months 2023 | Special items | 3 months 2023 operating |
3 months 2022* |
Special items* | 3 months 2022 operating |
Change operational in % |
|---|---|---|---|---|---|---|
| 111,075 | 0 | 111,075 | 102,817 | 0 | 102,817 | 8.0% |
| -49,911 | 10 | -49,901 | -47,197 | 10 | -47,187 | 5.8% |
| 61,164 | 10 | 61,174 | 55,620 | 10 | 55,630 | 10.0% |
| 55.1% | N/A | 55.1% | 54.1% | N/A | 54.1% | 1 PP |
| -43,531 | 1,158 | -42,373 | -39,484 | 1,329 | -38,155 | 11.1% |
| 265 | 0 | 265 | 148 | 0 | 148 | 79.1% |
| 17,898 | 1,168 | 19,066 | 16,284 | 1,339 | 17,623 | 8.2% |
| 16.1% | N/A | 17.2% | 15.8% | N/A | 17.1% | 0 PP |
| -654 | 0 | -654 | -512 | 0 | -512 | 27.7% |
| 17,244 | 1,168 | 18,412 | 15,772 | 1,339 | 17,111 | 7.6% |
| -4,754 | -128 | -4,882 | -4,877 | -129 | -5,006 | -2.5% |
| 12,490 | 1,040 | 13,530 | 10,895 | 1,210 | 12,105 | 11.8% |
* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Annual Report 2022
General conditions Business performance Financial position and results of operations Outlook
Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity Segment reporting
Contact and financial calendar
General conditions Business performance Financial position and results of operations Outlook
Other Information
Contact and financial calendar
According to current forecasts, the German economy is expected to recover in the second half of 2023 in particular. The ifo Institute assumes that the massive wave in inflation has already passed its peak. This applies in particular to future developments in energy prices, which have also benefited from the government cap since January. However, a noticeable effect on the consumer price index is not expected until the end of the year. The German labour market (dominated by the skills shortage) is likely to remain robust. The state of the global economy and the geopolitical situation are still defined by high uncertainty.
The performance of the Amadeus FiRe Group was in line with expectations in the first three months of 2023. The Management Board is confirming its growth forecast from the end of the 2022 financial year. The Management Board is still projecting revenue for the Amadeus FiRe Group of between € 440 and € 470 million with operating EBITA of between € 73 and € 79 million. If the average expectations for revenue and operating EBITA are achieved, this would mark an increase of just under 12 percent.
General economic disruption could lead to falling demand in isolated cases. This risk to the Amadeus FiRe Group is significantly reduced by its broad customer base across multiple sectors and the opportunities this entails for substitution. The current economic situation is still highly tense, but there should be a noticeably positive performance from the second half of the year. Nevertheless, developments are still difficult to predict and subject to risk.
For further information, please refer to the forecast in Part B (combined management report) of the 2022 annual report.
The quarterly report as at 31 March 2023 has been neither reviewed nor audited in accordance with section 317 HGB.
Frankfurt/Main, 25 April 2023
Robert von Wülfing Dennis Gerlitzki Thomas Surwald
CEO Member of the Management Board Member of the Management Board
General conditions Business performance Financial position and results of operations Outlook
Financial Information
Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity
Other Information
Contact and financial calendar
| € thousand, Earnings per share in € | 3 months 2023 | 3 months 2022* |
|---|---|---|
| Revenue | 111,075 | 102,817 |
| Cost of sales | -49,911 | -47,197 |
| Gross profit | 61,164 | 55,620 |
| Selling expenses | -34,739 | -31,512 |
| thereof of financial impairment assets |
68 | -92 |
| General and administrative expenses | -8,792 | -7,972 |
| Other operating income | 272 | 154 |
| Other operating expenses | -7 | -6 |
| Profit from operations | 17,898 | 16,284 |
| Finance income | 1 | 2 |
| Finance costs | -655 | -514 |
| Profit before taxes | 17,244 | 15,772 |
| Income taxes | -4,754 | -4,877 |
| Profit after taxes | 12,490 | 10,895 |
| Profit attributable to non-controlling interests recognized under liabilities | -639 | -294 |
| Profit for the period | 11,851 | 10,601 |
| Other comprehensive income | 0 | 0 |
| Total comprehensive income | 11,851 | 10,601 |
| Profit for the period attributable to: | ||
| Non-controlling interests | 74 | 55 |
| Equity holders of Amadeus FiRe AG | 11,777 | 10,546 |
| Total comprehensive income attributable to: | ||
| Non-controlling interests | 74 | 55 |
| Equity holders of Amadeus FiRe AG | 11,777 | 10,546 |
| Basic/diluted earnings per share | 2.06 | 1.84 |
|---|---|---|
* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see see Annual Report 2022
| General conditions |
|---|
| Business performance |
| Financial position and results of |
| operations |
| Outlook |
Statement of comprehensive income
Consolidated balance sheet
Statement of cash flows Statement of changes in equity Segment reporting
Other Information
Contact and financial calendar
| € thousand | 31 Mar 2023 | 31 Dec 2022 |
|---|---|---|
| ASSETS | ||
| Goodwill | 172,093 | 172,093 |
| Other intangible assets | 25,930 | 27,102 |
| Property, plant and equipment | 9,290 | 8,903 |
| Right-of-use assets | 67,083 | 68,214 |
| Deferred tax assets | 950 | 881 |
| Total non-current assets | 275,346 | 277,193 |
| Trade receivables | 55,414 | 50,321 |
| Other assets | 4,465 | 2,569 |
| Income tax assets | 396 | 352 |
| Cash and cash equivalents | 17,971 | 5,700 |
| Total current assets | 78,246 | 58,942 |
| Total ASSETS | 353,592 | 336,135 |
| € thousand | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Subscribed capital | 5,718 | 5,718 |
| Capital reserves | 61,940 | 61,940 |
| Gewinnrücklagen | 110,463 | 98,686 |
| Total equity attributable to equity holders of Ama deus FiRe AG |
178,121 | 166,344 |
| Non-controlling interests | 2,155 | 2,081 |
| Total equity | 180,276 | 168,425 |
| Lease liabilities | 51,095 | 52,303 |
| Liabilities to shareholders | 10,738 | 10,555 |
| Other liabilities | 9,897 | 8,648 |
| Deferred tax liabilities | 3,774 | 3,777 |
| Total non-current liabilities | 75,504 | 75,283 |
| Lease liabilities | 17,690 | 17,603 |
| Other financial liabilities | 9,739 | 9,858 |
| Liabilities to shareholders | 3,625 | 2,986 |
| Trade payables | 10,845 | 9,073 |
| Contract liabilities | 6,717 | 5,655 |
| Income tax liabilities | 19,656 | 17,010 |
| Other liabilities | 29,540 | 30,242 |
| Total current liabilities | 97,812 | 92,427 |
| Total EQUITY AND LIABILITIES | 353,592 | 336,135 |
General conditions Business performance Financial position and results of operations Outlook
Statement of comprehensive income Consolidated balance sheet Statement of cash flows
Statement of changes in equity
Segment reporting
Other Information
Contact and financial calendar
| € thousand | 3 months 2023 | 3 months 2022* | |
|---|---|---|---|
| Profit for the period | 11,851 | 10,601 | |
| Plus profit attributable to non-controlling interests recognized under liabilities | 639 | 294 | |
| Income taxes | 4,754 | 4,877 | |
| Finance income | -1 | -2 | |
| Finance costs | 655 | 514 | |
| Depreciation of intangible assets, property, plant and equipment and right-of-use assets | 7,354 | 6,813 | |
| Earnings before interest, taxes and depreciation | 25,252 | 23,097 | |
| Non-cash transactions | -85 | -634 | |
| Changes in operating working capital | |||
| -Trade receivables and other assets | -4,991 | -6,513 | |
| -Other assets | -1,915 | -993 | |
| -Trade payables and Contract liabilities | 2,834 | -147 | |
| -Other liabilities | 469 | 210 | |
| Interest paid | -162 | -209 | |
| Commissions paid | -112 | 0 | |
| Income taxes paid | -2,224 | -2,721 | |
| Net cash from operating activities | 19,066 | 12,090 | |
| Interest received | 1 | 2 | |
| Cash paid for the acquisition of intangible assets and property, plant and equipment | -1,831 | -1,716 | |
| Net cash used in investing activities | -1,830 | -1,714 | |
| Cash repayments of loans | 0 | -5,000 | |
| Cash repayments of lease liabilities | -4,726 | -4,333 | |
| Interest payments on lease liabilities | -239 | -152 | |
| Net cash used in financing activities | -4,965 | -9,485 | |
| Change in cash and cash equivalents | 12,271 | 891 | |
| Cash and cash equivalents at the beginning of the reporting period | 5,700 | 11,587 | |
| Cash and cash equivalents at the end of the reporting period (consolidated balance sheet) | 17,971 | 12,478 |
* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Annual Report 2022
| Quarterly Statement for the First Quarter of 2023 |
€ thousand | Subscribed capital |
Capital reserves |
Retained earnings |
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 | 145,337 | 1,841 | 147,178 |
| Outlook | Total comprehensive income* | 0 | 0 | 10,546 | 10,546 | 55 | 10,601 |
| As of 31 Mar 2022* | 5,718 | 61,944 | 88,221 | 155,883 | 1,896 | 157,779 | |
| Financial Information | |||||||
| Statement of comprehensive | As of 01 Jan 2023 | 5,718 | 61,940 | 98,686 | 166,344 | 2,081 | 168,425 |
| income Consolidated balance sheet |
Total comprehensive income | 0 | 0 | 11,777 | 11,777 | 74 | 11,851 |
| As of 31 Mar 2023 | 5,718 | 61,940 | 110,463 | 178,121 | 2,155 | 180,276 | |
* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Annual Report 2022
Other Information
Contact and financial calendar
Statement of cash flows Statement of changes in equity
Segment reporting
| Quarter of 2023 | € thousand | Personnel services | Training | Reconciliation | Amadeus FiRe Group | ||||
|---|---|---|---|---|---|---|---|---|---|
| General conditions Business performance Financial position and results of operations Outlook |
3 months 2023 | 3 months 2022 | 3 months 2023 | 3 months 2022* |
3 months 2023 | 3 months 2022 | 3 months 2023 | 3 months 2022 | |
| External revenue | 73,715 | 71,644 | 37,360 | 31,173 | 0 | 0 | 111,075 | 102,817 | |
| Internal revenue | 102 | 37 | 9 | 6 | -111 | -43 | 0 | 0 | |
| Total revenue | 73,817 | 71,681 | 37,369 | 31,179 | -111 | -43 | 111,075 | 102,817 | |
| Gross profit | 37,921 | 36,173 | 23,320 | 19,484 | -77 | -37 | 61,164 | 55,620 | |
| Financial Information | Gross operating profit | 37,921 | 36,173 | 23,330 | 19,494 | -77 | -37 | 61,174 | 55,630 |
| Statement of comprehensive income Consolidated balance sheet Statement of cash flows Statement of changes in equity Segment reporting |
profit Gross operating margin |
51.4% | 50.5% | 62.4% | 62.5% | - | - | 55.1% | 54.1% |
| EBITDA | 15,521 | 16,252 | 9,731 | 6,845 | 0 | 0 | 25,252 | 23,097 | |
| Amortization and depreciation | -2,046 | -1,948 | -5,308 | -4,855 | 0 | 0 | -7,354 | -6,803 | |
| Impairment | 0 | 0 | 0 | -10 | 0 | 0 | 0 | -10 | |
| EBITA | 13,475 | 14,304 | 4,423 | 1,980 | 0 | 0 | 17,898 | 16,284 | |
| Special items | 0 | 0 | -1,168 | -1,339 | 0 | 0 | -1,168 | -1,339 | |
| Operating EBITA | 13,475 | 14,304 | 5,591 | 3,319 | 0 | 0 | 19,066 | 17,623 | |
| Other Information Contact and financial calendar |
Operating EBITA margin |
18.3% | 20.0% | 15.0% | 10.6% | - | - | 17.2% | 17.1% |
| Segment assets** | 125,674 | 113,645 | 227,918 | 235,920 | 0 | 853 | 353,592 | 350,418 | |
| thereof goodwill |
30,364 | 30,364 | 141,729 | 141,729 | 0 | 0 | 172,093 | 172,093 | |
| Investments | 584 | 554 | 1,247 | 1,173 | 0 | 0 | 1,831 | 1,727 | |
| Segment liability** | 87,761 | 111,095 | 76,538 | 73,252 | 9,016 | 8,292 | 173,315 | 192,639 | |
* In accordance with IAS 8, the previous year's figures were adjusted accordingly; for explanation, see Annual Report 2022
**Excluding carrying amounts of equity investments and receivables/liability from affiliates
| Quarterly Statement for the First Quarter of 2023 |
||||||
|---|---|---|---|---|---|---|
| General conditions | Financial calendar for Q1 2023 | |||||
| Business performance | ||||||
| Financial position and results of operations |
Apr/May 2023 | International roadshow | ||||
| Outlook | 17 May 2023 | Annual shareholder meeting | ||||
| Financial Information | ||||||
| Statement of comprehensive | 25 Jul 2023 | Publication of half-yearly financial report 2023 | ||||
| income Consolidated balance sheet |
||||||
| Statement of cash flows | 24 Oct 2023 | Statement for the first nine months of fiscal year 2023 | ||||
| Statement of changes in equity Segment reporting |
Oct/Nov 2023 | International roadshow | ||||
Other Information
Contact and financial calendar
Amadeus FiRe AG Investor Relations
Hanauer Landstrasse 160, 60314 Frankfurt/Main Tel.: +49 69 96876-180 e-mail: [email protected] Internet: www.amadeus-fire.de
www.amadeus-fire.de www.comcave.de www.endriss.de www.gfn.de www.ifrs-akademie.de www.taxmaster.de
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