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The German staffing company Amadeus FiRe plans to increase its revenue from 132 million Euro to 150 million Euro in the next three to five years, the firm stated in a press release. The company is encouraged by demographic changes in Germany and the growing flexibility of the labour market which has seen a record demand of agency workers in 2011.
According to the financial website, FinanzNachrichten, the company had a cash flow of 32.4 million Euro in the third quarter of 2011 and has in recent years invested at least 50% of its net earnings, so analysts now expect that 70% of the staffing firm’s net result for 2011 will be used as dividends for shareholders. This translates into a dividend yield of over 7%.
Amadeus FiRe appears in the top 20 of Staffing Industry Analysts’ ranking of Germany's staffing firms. The company specialises in the provision of temporary and permanent professionals and executives in the accounting, office, banking and IT sectors.