AMADEUS FIRE AG

AAD

Equity

ISIN DE0005093108 / Valor 985601

Xetra (2024-12-23)

EUR 76.50+0.66%

AMADEUS FIRE AG
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About company

Amadeus Fire AG is a specialized personnel service provider with over 35 years of experience in the commercial and IT sectors. The company offers a range of services including temporary work, personnel placement, and interim management. With more than 20 locations across Germany, Amadeus Fire prides itself on its regional proximity to both clients and candidates, ensuring a deep understanding of the local labor market. The company's mission is to connect companies with job seekers, supporting clients in finding suitable personnel for both permanent positions and temporary staffing needs, while also helping job seekers find roles that match their skills and aspirations. Amadeus Fire emphasizes the importance of understanding the needs of both clients and candidates to create trust and long-term, sustainable relationships.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Performance

AMADEUS FIRE AG reported a revenue of €140.1 million for the first half of 2024, which is a slight decrease of 1.6 percent compared to the previous year. In the second quarter alone, revenue was down by 0.4 percent year-over-year. This decline is attributed to the recessionary economic situation and negative sentiment affecting the personnel services market.

Segment Analysis

The Personnel Services segment experienced a decline in revenue, with permanent placement revenue falling by 6.9 percent in the second quarter of 2024, matching the first quarter's level. Turnover from temporary staffing services also decreased by 2.1 percent compared to the previous year. However, interim and project management services showed a positive performance, increasing by 29.3 percent in the second quarter.

Training Segment Growth

The Training segment continued its successful trajectory, with revenue increasing by 15.4 percent to €86.2 million by the end of the first half of 2024. This growth is largely driven by a 20 percent increase in turnover from publicly funded training services. Segment earnings also rose by 17.3 percent in the first six months of the year.

Operating EBITA

AMADEUS FIRE AG's operating EBITA fell slightly by 2.6 percent in the second quarter of 2024, following a significant drop of 41.4 percent in the first quarter. Despite the challenging economic environment, the results in the Personnel Services segment are within an acceptable range, although they remain below the company's expectations.

Outlook and Forecast

Given the persistently challenging economic situation, AMADEUS FIRE AG's Management Board has adjusted its forecast for the 2024 financial year. The Group now expects to achieve an operating EBITA in the range of €64 million to €70 million, down from €70 million in the previous year. The outlook for the Personnel Services segment remains cautious, while the positive trend in the Training segment is expected to continue in the second half of the year.

Summarized from source with an LLMView Source

Key figures

-37.5%1Y

-56.0%3Y

-44.4%5Y

Performance

23.8%1Y

30.5%3Y

37.0%5Y

Volatility