19.07.2018
Amadeus FiRe AG DE0005093108
DGAP-News: Amadeus FiRe AG: Half-Yearly Financial Report 2018
DGAP-News: Amadeus FiRe AG / Key word(s): Quarterly / Interim
Statement/Interim Report
Amadeus FiRe AG: Half-Yearly Financial Report 2018
19.07.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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Frankfurt/Main 19 July 2018. In the first six months of fiscal year 2018 the
Amadeus FiRe Group achieved consolidated revenue of EUR 97.8 million (prior
year:
EUR 88.7 million); an increase of 10.3%. All business segments contributed
to the growth in revenue. In particular, revenue of Permanent Placement
increased significantly year-on-year.
Revenue from the individual services developed as follows:
Temporary Staffing + 7.3%
Permanent Placement + 23.6%
Interim-/Project Management + 3.6%
Training + 11.9%
The number of billable days in the reporting period was one day less than in
the prior-year period. This had a negative impact of EUR 0.5 million on
revenue, gross profit and earnings before taxes. Later in the year, this
will be countered and ultimately neutralised by an extra billable day in the
fourth quarter.
In Temporary Staffing the number of contracts at the start of the year was
down by around 3% as a direct result of the first-time application of the
equal pay regulation to the entire order backlog. In addition, sales in
temporary work were burdened by an unusual flu outbreak in Germany in the
first quarter and the one less available working day in the first half of
the year.
The Amadeus FiRe Group's gross profit climbed by 11.7% to EUR 45.5 million.
The gross profit margin improved by 0.6 percentage points to 46.5%. The rise
in margins can be attributed primarily to a growth-driven increase in the
share of revenue generated by the higher-margin service Permanent Placement.
Selling and administrative expenses increased by 14.6% to EUR 30.4 million
over the same period. This increase is largely due to higher personnel
expenses. The successfully implemented investments in the sales organisation
and the filling of previously open vacancies were the main drivers.
Furthermore, the administrative implementation of the equal pay regulation
and the introduction of aspects of new sales software led to increased
expenditure.
EBITA climbed by 6.3% to EUR 15.2 million. This increase was achieved
despite one billable day less in the reporting period compared to the same
period of the previous year. The EBITA margin was 15.5% in the reporting
period after 16.1% in the previous year.
Net income for the first half of 2018 amounted to EUR 10.4 million,
bettering the figure for the previous year by 5.8%. Earnings per share,
based on the net profit for the period attributable to the ordinary
shareholders of the parent company, rose by 11 cents to EUR 1.93.
The Management Board is confirming its forecast of slightly increasing EBITA
for the 2018 financial year.
The full report is available on our website:
https://www.amadeus-fire.de/1/investor-relations/berichte/
Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-186
[email protected]
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19.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Amadeus FiRe AG
Hanauer Landstraße 160
60314 Frankfurt
Germany
Phone: +49 (0)69 96876 - 180
Fax: +49 (0)69 96876 - 182
E-mail: [email protected]
Internet: www.amadeus-fire.de
ISIN: DE0005093108
WKN: 509310
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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705389 19.07.2018
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