AMADEUS FIRE AG

Earnings Release • Apr 28, 2004

News Details

Ad-hoc | 28 April 2004 07:47

AMADEUS FIRE AG: Preliminary figures for fiscal year 2003/2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Frankfurt/Main, 28th of April 2004. In a difficult year for the staffing industry AMADEUS FIRE AG was affected remarkably by a strong decline in the late cyclical market of finance and accounting. While the total temporary staffing industry has to face another 3 per cent market decline the group sales of AMADEUS FIRE slumped by 23% to EUR 47,1 millions. Gross profit margin of the total group rose in the last fiscal year by 175 basis points up to 39,5 per cent. The increase is caused by higher sales in the training and education business as well as in an improved utilization rate of the temporary staff. Operative result before goodwill depreciation (EBITA) of about Euro 2,0 millions is 57% below previous year. The fourth quarter of the fiscal year did not show a pick up of the business for AMADEUS FIRE-group. Management and supervisory board will propose the shareholders’ meeting to distribute no dividend for the last fiscal year as well as to change the fiscal year to the calendar year to achieve a better comparability with the industry. It is expected that the temporary staffing market will slightly pick up in 2004. Temporary staffing in finance and accounting has to be seen as late cyclical and a pick up is not expected until autumn 2004. AMADEUS FIRE-group assumes a slight upswing of sales volumes in the shortened fiscal year 2004. Due to this and the executed cost cutting measures management expects a remarkably improved positive result and intends to distribute a dividend for the shortened fiscal year. The final figures for fiscal year 2003/2004 will be announced during a press conference/analyst’s meeting on 24th of June 2004. 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 28.04.2004 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart 280747 Apr 04