German recruitment firm Amadeus FiRe AG (AADX: GER) reported final consolidated full year results for 2017 with revenue of €184.5 million, an increase of 6.5% from the previous year.

The group stated that temporary employment, recruitment and further training sectors contributed positively to its revenue growth, however the group’s Interim Management service saw a slight decline in sales.

In the 2017 financial year, there were three less chargeable days available than in the previous year, which corresponds to a sales, gross profit and earnings effect of approximately €-1.5 million.

Selling and administrative expenses amounted to €50.4 million after €46.0 million in the previous year. The main reason for the increase of €4.4 million is the increase in personnel expenses in the operating business and associated personnel-related expenses.

Amadeus FiRe will publish its annual report on 28 March 2018.

As of last trade Amadeus Fire traded at €87.00, no change on the day and 2.24% below its 52-week high of €88.99, set on 16 May 2017. Based on its current share price the company has a market value of €452.25 million.