Press Release Amadeus FiRe AG:Quarterly statement nine months 2023 Frankfurt/Main, 24 October 2023. The Amadeus FiRe Group's performance in the first nine months of 2023 remained positive despite the negative development of the German economy. The training segment in particular was able to continue the very successful development achieved in the first half of the year. By September, a total of € 331.5 million in consolidated revenue was achieved, thus exceeding the previous year's figure by 8.4 percent. The operating EBITA also increased by 8.4 percent and reached a new all-time high of € 54.5 million. The profit for the period increased significantly by 14.3 percent to € 32.7 million. Revenues in the segments developed as follows:
As a result of the shortage of skilled workers and the expected high market demand, the sales organisation has been strongly expanded in terms of personnel until the middle of 2023. Only marginal further organisational growth was recorded in the third quarter of 2023 compared to the previous quarter. In addition to the weaker economic development, the personnel related investments dilute the productivity, which should constantly improve with increasing seniority of the sales staff. The segment result is noticeably affected by these factors and is 11.5 percent lower than the previous year for the first nine months of the year. The training segment was able to continue its successful development and significantly increase its revenue by 25.2 percent to € 113.7 million in the first nine months of 2023. The weak development of the previous year has been sustainably compensated with an achieved EBITA of € 15.8 million and a significant increase of 141 percent. Overall, a positive development could be achieved in both publicly funded training as well as in the business with private and corporate clients. During the first nine months of the year, the operating result of the personnel services segment was overall below the original planning, while in the training segment expectations have been exceeded so far. Overall, the Amadeus FiRe Group's results in the first nine months remained within the forecasted range of expectations. Against the background of the overall economic situation in Germany, which is certain to remain weak until the end of the year, the Management Board expects growth in operating EBITA of 7 to 9 percent for the 2023 financial year. The growth in earnings achieved so far would thus be continued further and the corridor of earnings forecasted at the beginning of the year would be reached in lower range of the bandwidth. The full report is available on our homepage. Amadeus FiRe AG End of Media Release Issuer: AMADEUS FIRE AG Key word(s): Services
24.10.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | AMADEUS FIRE AG |
Hanauer Landstrasse 160 | |
60314 Frankfurt am Main | |
Germany | |
Phone: | +49 (0)69 96876 - 180 |
Fax: | +49 (0)69 96876 - 182 |
E-mail: | investor-relations@amadeus-fire.de |
Internet: | www.amadeus-fire.de |
ISIN: | DE0005093108 |
WKN: | 509310 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1755289 |
End of News | EQS Media |
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1755289 24.10.2023 CET/CEST
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