Daily News

View All News

Germany – Amadeus FiRe announces preliminary annual results

11 February 2016

German recruitment firm Amadeus FiRe AG (AADX: GER) announced preliminary today that it had achieved consolidated sales of €169.7 million in 2015, an increase of 5.4% from €161.1 million in 2014.

  2015 2014 Change
Revenue €169.7 million €161.1 million +5.4%
Gross Profit €72.8 million €67.8 million +7.3%
EBITA €28.7 million €26.8 million +7.1%

The fiscal year 2015 had two billable days more than 2014. Sales improved in all services (temporary staffing, permanent placement, interim and project management, training). The EBITA margin of 16.9% exceeded previous year´s level of 16.6%. Gross profit margin increased by 0.8% from 42.1% to 42.9%.

Selling and administrative expenses were €44.3 million for 2015 after €41.1 million in 2014. The increase of €3.2 million derived mainly from personnel expenditures in operations. However, growth in the number of sales employees in direct customer contact in 2015 was significantly lower than planned. Furthermore, expenses for marketing activities and rent increased.

Based on the current macroeconomic projections, the current order situation and a stable legal and regulatory environment; the management board expects a moderate growth of sales in 2016. However, planned cost increases from strengthening of the sales organization not carried out in the year before, improvement of the competitive position and implementation of new sales software will have an impact on EBITA of more than €3 million. The implementation of these measures should lead to a decrease of EBITA between 5% and 10% for the fiscal year 2016.

The final figures for the fiscal year 2015 will be announced on 15 March 2016.

In trading today, Amadeus Fire AG (AADX:GER) set a new 52-week low when it reached €56.56, down -4.92% on the day.  Based on its current share price, the company has a market value of €317.09 million.