Press Release

Amadeus FiRe AG:
Quarterly Statement Nine Month 2019

Frankfurt/Main, 24 October 2019. In the first nine months of fiscal year 2019 the Amadeus FiRe Group achieved consolidated revenue of EUR 173.5 million; an increase of 13.9 percent. All individual services contributed to the revenue growth:

The same number of billable days as in the same period of the previous year was available in the reporting period. Likewise, in the total fiscal year there will be no difference in the number of billable days compared to the previous year.

In the first nine months 2019 the gross profit of the Amadeus FiRe Group climbed by 13.5 percent to EUR 83.4 million. The gross profit margin slightly decreased by 0.2 percentage points to 48.1 percent. The slight decline is due to the change in the service mix as a result of the above-average growth in the relatively lower-margin temporary staffing and interim management services.

Selling and administrative expenses rose by 12.5 percent to EUR 52.0 million. This increase is mainly due to the expansion of the sales organisation, the generally positive salary development and higher variable remuneration due to performance.

EBITA climbed by 14.9 percent to EUR 31.6 million. The EBITA margin improved slightly by 0.1 percentage points to 18.2 per cent in the reporting period with the same number of billable days.

Net income for the first nine months 2019 amounted to EUR 21.0 million, bettering the figure for the previous year by 14.0 percent. Earnings per share, based on the net profit for the period attributable to the ordinary shareholders of the parent company, rose by 50 cents to EUR 4.00.

The Management Board continues to expect that the 2019 financial year will outstrip the previous year's EBITA by over 10%. The Management Board thus confirms its forecast as adjusted to the half-year financial report. For further information, please refer to the 2019 half-year financial report.

The full report is available on our homepage: https://www.amadeus-fire.de/1/investor-relations/berichte/

Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-180
[email protected]