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Germany – Amadeus FiRe reports full year growth

06 February 2014

German recruitment firm Amadeus FiRe AG (AAD: GR) achieved consolidated sales of €142.1 million during the 2013 financial year, an increase of +3.7% compared with €137 million a year ago. The company reported improved sales across all staffing segments; temporary staffing, permanent placement, interim-/project management, and training.

Gross profit for 2013 amounted to €60 million, up by +3% from €58.3 million last year. The company’s gross profit margin of 42.3% was slightly below last  year’s 42.5%. The 2013 financial year had one fewer working day compared with the previous year.

The selling and administrative expenses rose by to €36.8 million, a year-on-year increase of +3.4% from €35.6 million in 2012, as a result of increased personnel expenditures, as well as additional training costs for the sales force and further development of the front end software.

For 2014 the management board expects to exceed the threshold of €150 million in consolidated sales for the first time. This forecast is based on the current positive macroeconomic projections based on demand and improvements in productivity.

In trading today, the company’s share price rose by +0.5% to €58.80, an increase of +46.1% compared with last year. Based on its current share price, the company has a market value of €304.1 million. 

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