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View All NewsGermany – Amadeus FiRe revenue and profits show improvement
German staffing firm Amadeus FiRe (AAD: GR) reported revenue for the nine months ending 30 September 2019 of €173.5 million, an increase of 13.9% compared with the same period last year.
| (€ millions) | 9 months 2019 | 9 months 2018 | Change |
| Revenue | 173.5 | 152.4 | 13.9% |
| Gross Profit | 83.4 | 73.5 | 13.5% |
| Gross Profit Margin | 48.1% | 48.3% | - |
| EBITDA | 36.7 | 28.5 | 28.6% |
| Net Income | 20.9 | 18.4 | 14.0% |
The slight decline in gross margin was due to a change in the service mix as a result of the above-average growth in the relatively lower-margin temporary staffing and interim management services.
Amadeus FiRe operates two divisions; Personnel Services and Training Services. The revenue by division and segment was as follows for the nine-month period ended 30 September 2019.
| (€ millions) | 9 months 2019 | 9 months 2018 | Change |
| Temporary Staffing | 114.7 | 100.0 | 14.7% |
| Permanent Placement | 31.0 | 27.9 | 11.2% |
| Interim/Project Management | 9.5 | 7.4 | 29.1% |
| Total Segment | 155.3 | 135.3 | 14.8% |
| Segment Training | 18.1 | 17.0 | 6.6% |
The management Board said it continues to expect that the 2019 financial year will outstrip the previous year's EBITA by over 10%.
As of last trade Amadeus Fire traded at €109.00, up 0.93% on the day and 13.90% below its 52-week high of €126.60, set on 23 May 2019. Based on its current share price the company has a market value of €561.41 million.