AMADEUS FIRE AG — Earnings Release 2002

Dec 12, 2002

News Details

Ad-hoc | 12 December 2002 21:30

Amadeus AG english

Amadeus AG reduces Sales and EBITA Projections Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Frankfurt/Main, December 12, 2002. The so far announced changes of legislation by the federal government have caused a further increasing uncertainty, a deteriorating investment climate and a higher cost awareness at the majority of German companies. Any positive signs for an economic pick-up are not foreseeable neither short-term nor mid-term. Amadeus reacts on this development and adjusts the headcount of temporary staff according to the expected customer demand. At the same time Amadeus is responding on clients’ increased quality requirements by improving the skill level of Amadeus’ temporary staff. Short-term these measures will decrease the gross profit margin which is expected to reach 38,5 per cent for the fiscal year. The staffing market will decrease by at least 15 per cent. Amadeus’ Management Board reduces the sales revenues projections for fiscal year 2002/2003 by some 4 per cent on prior year (adjusted) to Euro 63 million and an EBITA margin of 8,5 per cent. Amadeus AG Robert v. Wuelfing Investor Relations Tel: +49 (69) 96 876-180 Investor-Relations@AmadeusAG.de end of ad-hoc-announcement (c)DGAP 12.12.2002 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: SDax Listed: Amtlicher Markt in Frankfurt (SMAX), Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 122130 Dez 02