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Germany – Amadeus FiRe reports strong staffing revenue growth

23 April 2015

German staffing firm Amadeus FiRe (AAD: GR) reported revenue for the first quarter ending 31 March 2015 of €41.1 million, an increase of 9.9% compared with €37.4 million during the same period last year. 

  Q1 2015 Q1 2014 Change
Revenue €41.1 million €37.4 million +9.9%
Gross Profit €16.9 million €15.5 million +9.3%
EBITDA €6.2 million €5.3 million +16.4%

Amadeus FiRe operations two divisions; Personnel Services, which includes temporary staffing, interim & project management, and permanent placements; and Training Services.

Revenue by division and segment was as follows: 

  Q1 2015 Q1 2014 Change
Temporary Staffing €30.5 million €28.3 million +7.8%
Interim & Project Management €2.5 million €2.2 million +16.5%
Permanent Placement €4.3 million €3.5 million +23.1%
Total Personnel Services €37.4 million €34.0 million +9.9%
Training Services €3.7 million €3.4 million +10.1%
Total Revenue €41.1 million €37.4 million +9.9%

In trading today, the company’s share price decreased by 0.6%to €75.90, an increase of 30.1% compared with a year ago. Based on its current share price, the company has a market value of €397.5 million.