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View All NewsGermany – Amadeus FiRe Q1 revenue up 11%
Amadeus FiRe (AAD: GR), the German staffing firm, reported revenue for the first quarter ending 31 March 2017 of €44.8 million, an increase of 11.6% compared with €40.2 million during the same period last year.
| (€ Thousands) | Q1 2017 | Q1 2016 | Change |
| Revenue | 44,848 | 40,181 | 11.6% |
| Gross Profit | 19,913 | 16,469 | 20.9% |
| EBITDA | 7,434 | 5,629 | 32.1% |
Gross profit margin at Amadeus FiRe improved by 3.0% from 41.4% in Q1 2016 to 44.4% in Q1 2017.
Amadeus FiRe operations two divisions; Personnel Services and Training Services. The revenue by division and segment was as follows for Q1 2017.
| (€ Thousands) | Q1 2017 | Q1 2016 | Change |
| Temporary Staffing | 31,335 | 29,126 | 7.6% |
| Interim & Project Management | 2,389 | 2,300 | 3.9% |
| Permanent Placement | 6,818 | 4,862 | 40.2% |
| Total Personnel Services | 40,542 | 36,288 | 11.7% |
| Training Services | 4,306 | 3,893 | 10.6% |
Amadeus FiRe notes that revenues in the Training Services division showed an increase of 10.6% and due to the Easter holidays, more training sessions were available in the first quarter of 2017. Additional working days also had a positive effect for Personnel Services.
In trading today Amadeus FiRe AG set a new 52-week high during the trading session when it reached €79.65, however shares closed at €78.86, down 0.21% on the day . Over this period, the share price is up 15.92%. Based on its share price the company has a market value of €410.82 million.