German recruitment firm Amadeus FiRe AG (AADX: GER) reported final consolidated results earlier this week for the full year 2018 with revenue of €205.8 million, an increase of 11.5% from the previous year.

Amadeus FiRe previously reported preliminary figures for the full year 2018 in February 2019.

The group stated that all service sectors contributed positively to its revenue.

For FY 2018, the group reported no difference in the number of available chargeable days compared to the previous year.

EBITA increased by 16.1% to a record-high of £37.5 million. Amadeus FiRe reported that despite the negative impact on temporary work order numbers, the new record mark was achieved through the first-time application of the new provisions of the Temporary Employment Act ("Equal Pay" and maximum leasing period). The EBITA margin increased by 0.7% points to 18.2%.

In FY 2018, Amadeus FiRe reported net income after minority interests of €24.2 million, up 17.8% from the previous year's figure of €20.6 million.

Looking ahead, the group said it plans further significant investments in the expansion of its operating business and sales organisation. The company’s goal for FY 2019 is to increase both consolidated sales and EBITA once again. It added that the plans are based on a stable macroeconomic environment in Germany.

In trading earlier this week, Amadeus FiRe shares traded at €95.00, up 3.49% on the day. Based on its current share price the company has a market value of €504.75 million.