AMADEUS FIRE AG

Earnings Release • Jul 23, 2015

News Details

Corporate | 23 July 2015 09:07

Amadeus FiRe AG: Half year results of fiscal year 2015

Amadeus FiRe AG / Key word(s): Half Year Results

2015-07-23 / 09:07

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Press release

Amadeus FiRe AG: Half year results of fiscal year 2015

Frankfurt/Main, 23 July 2015. In the first six months of the 2015 financial year, the Amadeus FiRe Group generated consolidated sales of EUR 82,254k (prior year: EUR 75,512k), an increase of 8.9%. Sales improved in all services. The reporting period had the same number of billable days as the respective prior year’s period.

Sales of individual services developed as follows:

• Temporary staffing +7%
• Interim and project management +9%
• Permanent placement +25%
• Training +8%

After the first half year, gross profit of the Group amounted to EUR 33,505k, an increase of 9.5% compared to prior year. The gross profit margin increased slightly by 0.2 percentage points, from 40.5% to 40.7%. Positive margin effects from permanent placement and the training segment were weakened by a slight decrease in margin of the personnel service temporary staffing.

In the reporting period, selling and administrative expenses came to EUR 22,114k after EUR 20,271k recorded last year. The increase of 9.1% was primarily attributable to staff costs. This was due to regular wage adjustments, expenses for severance pay and the increased number of employees in the sales and marketing organisation as a whole. Variable wage components also increased on the back of the positive business development. The growth in the number of sales employees in direct customer contact in the first half of the year was significantly lower than planned, but the expansion of business operations will continue.

The operating profit (EBITA) amounted to EUR 11,472k and hence exceeded the prior year’s result of EUR 10,331k by 11.1%. The EBITA margin rose by 0.2 percentage points to 13.9% (prior year: 13.7%).

Based on the macroeconomic outlook, stable legal and regulatory conditions and assuming no deterioration in the demand situation, especially in permanent placement, the Management Board expects moderate revenue growth and the operating result (EBITA) for fiscal year 2015 to remain on the same level as the previous year.

The complete report is available at www.amadeus-fire.de.

Amadeus FiRe AG

Thomas Weider

Investor Relations

Tel: +49 (69) 96 876-180

Investor-Relations@Amadeus-FiRe.de

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Language:	English
Company:	Amadeus FiRe AG
	Darmstädter Landstr. 116
	60598 Frankfurt
	Germany
Phone:	+49 (0)69 96876 – 180
Fax:	+49 (0)69 96876 – 182
E-mail:	investor-relations@amadeus-fire.de
Internet:	www.amadeus-fire.de
ISIN:	DE0005093108
WKN:	509310
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

End of News	DGAP News-Service

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