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Germany: Amadeus FiRe revenue up

19 March 2014

German recruitment firm Amadeus FiRe AG (AAD: GR) today confirmed its preliminary figures  for the financial year 2013. In fiscal year 2013 the Amadeus FiRe group achieved consolidated sales of EUR 142.1m (prior year EUR 137.0m), an increase of +3.7% compared to prior year. Sales improved in all services. The gross profit margin of 42.3% was slightly below prior year’s 42.5% (-0.2 percentage points), mainly caused by a margin decrease in temporary staffing due to one chargeable day less in 2013.

Selling and administrative expenses rose by EUR 1.2m to EUR 36.8m (prior year EUR 35.6m), deriving from additional training costs for the sales force as well as increased personnel expenditures and further development of the front end software. Amadeus FiRe group´s earnings before interest, tax and goodwill amortisation (EBITA) amounted to EUR 23.3m (prior year EUR 22.7m), an increase of 2.5%. The EBITA margin of 16.4% nearly confirmed the previous year´s level of 16.6%. Hence the Amadeus FiRe group generated a consolidated profit after minority interests of EUR 14.7m after EUR 13.5m in the prior year. Earnings per share stand at EUR 2.83 for fiscal year 2013 (prior year: EUR 2.60) in relation to the profit for the period attributable to ordinary shareholders. According to the company 2013 was the most successful operating year in the history of the Amadeus FiRe group. 

Amadeus Fire AG is a Germany-base company with nineteen offices that is engaged, together with its subsidiaries, in the provision of personnel services. The Company provides temporary staffing, permanent placement, and interim/project management services for international groups, medium-sized companies, and start-ups in commercial and Information Technology (IT) sectors. It offers for many years personnel solutions for hiring and placing professionals and management staff in accounting, office, banking, and IT services divisions. Amadeus Fire AG also provides training in the areas of taxation, accounting and controlling, international accounting, human resources, performance management as well as marketing and communications thought its subsidiaries, Tax College Dr. Endriss, the Academy of International Accounting and the Academy of Management and Sustainability. The Company operates in Germany only, after the sale of its subsidiary in the United Kingdom, in 2011. The annual report 2013 will be published on 03 April 2014 on the Amadeus FiRe website.

The shares were flat this morning at at €63.60, 6.07% below their 52-week high of €67.71, set on 10th March, 2014 but 59% above a year ago. This means Amadeus FiRe is valued at €330.61 million.


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