AMADEUS FIRE AG

Earnings Release • Jul 22, 2004

News Details

Ad-hoc | 22 July 2004 07:57

AMADEUS FIRE AG: First quarter results in fiscal year 2004/2005

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AMADEUS FIRE AG: First quarter results in fiscal year 2004/2005 Frankfurt/Main, 22nd of July 2004. After three months of the fiscal year the Group has achieved consolidated sales revenues of KEUR 10.767 (prior year: KEUR 12.466), a decline of 13,6 per cent. This is caused by a continuing lack of demand in the specialized temporary staffing business. Steuer-Fachschule Endriss continues to strengthen its leading market position in the area of accounting and tax training seminars. After the first three months of the fiscal year AMADEUS FIRE achieves a gross profit of KEUR 4.289 (KEUR 4.825 in prior year). The gross profit margin gained 113 basis points, improving from 38,7 per cent to 39,8 per cent. The selling and administrative expenses decreased by 10,3 per cent in the first quarter due to cost cutting measures which were initiated in the last fiscal year. In total they declined from KEUR 4.607 to KEUR 4.134. The operating profit totals KEUR 159 (prior year: KEUR 259), a reduction of 36,8 per cent. The EBITA margin for the first three months was 1,5 per cent compared to 2,0 per cent in prior year’s quarter. The planned result for the first quarter was achieved. In general a recovery has taken place in the German staffing industry due to a positive development in the blue collar area. For the specialized area of finance and accounting this has not yet been realised. The ongoing difficult economic situation has further negative impacts on this segment. After a generally weak quarter in terms of sales and profit, which is caused by many bank holidays, an improvement of the results for the current quarter is expected. 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 22.07.2004 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart 220757 Jul 04