25.03.2020 Amadeus FiRe AG  DE0005093108

DGAP-Adhoc: Amadeus FiRe AG: Final figures for fiscal year 2019 and suspension of the dividend


DGAP-Ad-hoc: Amadeus FiRe AG / Key word(s): Dividend/Annual Results
Amadeus FiRe AG: Final figures for fiscal year 2019 and suspension of the dividend

25-March-2020 / 07:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Amadeus FiRe AG:
Final figures for fiscal year 2019 and suspension of the dividend

Frankfurt/Main, 25 March 2020. The Amadeus FiRe Group confirms the preliminary figures for fiscal year 2019.

Shortly before the end of the year, on 19 December 2019, Amadeus FiRe AG acquired 100 per cent of the shares in Comcave Holding GmbH. Due to the very late acquisition date, the consolidated income statement of the Amadeus FiRe Group for the 2019 financial year does not include Comcave business figures, which will only be included at the beginning of the 2020 financial year.

In fiscal year 2019 the Amadeus FiRe Group achieved consolidated sales revenues of EUR 233.1m (prior year: EUR 205.8m), an increase of 13.3 percent year-on-year. All services made a positive contribution to the sales development.

Gross profit increased by 11.4 percent from EUR 99.3m to EUR 110.6m. The gross profit margin fell by 0.8 percentage points year-on-year from 48.2 percent to 47.4 percent due to the comparatively stronger growth of the lower-margin services Temporary Staffing and Interim and Project Management.

The selling and administrative expenses totalled EUR 72.1m compared with EUR 62.0m in the previous year. The increase of EUR 10.1m was largely due to the successful expansion of the sales organization and related expenses. Also included are the transaction costs of around EUR 3m incurred in the fourth quarter for the acquisition of Comcave Holding GmbH.

Earnings before interest, taxes and amortisation of goodwill (EBITA) of the Amadeus FiRe Group reached a new record level of EUR 38.7m (prior year: EUR 37.5m). Adjusted for the one-off transaction costs, EBITA growth was 11 percent year-on-year.

In the 2019 financial year, the Amadeus FiRe Group achieved a consolidated profit after minorities of EUR 24.0m, down 0.8 per cent on the previous year's figure of EUR 24.2m.

Earnings per share were EUR 4.62 for fiscal year 2019 (prior year: EUR 4.66) in relation to the profit for the period attributable to ordinary shareholders.

As a result of the incalculable effects of the Corona crisis, the Management Board is not issuing an earnings forecast for fiscal year 2020. The original plans envisaged a significant increase in earnings of around 50 percent, including the Comcave business and further expansion steps in both business segments. Only within the Training segment there is an improved outlook in the area of state-subsidised occupational re-training and advanced vocational training in a negative economic environment. Overall, the original targets are unlikely to be attainable as a result of the Corona crisis.

The financial effects on fiscal year 2020 cannot be quantified at present due to the continuing expansion and the unforeseeable duration of the pandemic. The Management Board will reassess the situation as soon as it has reliable information.
In order to further improve the Company's financial scope to manoeuvre in this extraordinary situation, the Management Board and the Supervisory Board have decided to propose to the Annual General Meeting that the dividend payment be suspended.

With the completion of the Comcave transaction, it has already been communicated that the dividend policy of full payment will be reconsidered. As soon as the situation surrounding the pandemic crisis has cleared up, Amadeus FiRe will return to a consistent dividend policy and communicate this.

One piece of good news from the company's point of view, particularly in the current crisis environment, is the extension of the employment contract with the Spokesman of the Management Board, Robert von Wülfing, for a further term of five years until 31 December 2025.

The annual report 2019 will be published on Thursday, 26 March 2020 on the homepage of Amadeus FiRe AG. At this point in time, we cannot guarantee that the annual report will also be available in English due to capacity outages caused by the Corona pandemic. For this reason, you will find the link to our German and English financial reports below.
The full report can be accessed directly via the following link: ENG: Financial reports and statements // GER: Finanzberichte

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

[email protected]

25-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Amadeus FiRe AG
Hanauer Landstraße 160
60314 Frankfurt
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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1006185

End of Announcement DGAP News Service

1006185  25-March-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 173,30 184,53 205,84 233,12 280,15 372,37 420,00
EBITDA1,2 30,89 32,32 38,92 45,81 59,30 88,78 95,00
EBITDA-Marge3 17,82 17,51 18,91 19,65 21,17 23,84 22,62
EBIT1,4 30,04 32,32 37,52 38,72 30,96 61,02 65,50
EBIT-Marge5 17,33 17,51 18,23 16,61 11,05 16,39 15,60
Jahresüberschuss1 20,46 22,07 25,84 25,75 19,36 37,40 0,00
Netto-Marge6 11,81 11,96 12,55 11,05 6,91 10,04 0,00
Cashflow1,7 19,50 25,49 26,35 36,69 40,68 75,92 0,00
Ergebnis je Aktie8 3,66 3,96 4,66 4,62 3,29 6,09 6,40
Dividende8 3,66 3,96 4,66 0,00 1,55 3,04 3,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

Amadeus Fire
WKN Kurs in € Einschätzung Börsenwert in Mio. €
509310 119,000 Halten 680,45
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,89 23,32 0,76 28,16
5,62 8,96 1,83 8,39
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,55 3,04 2,55 19.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.04.2022 26.07.2022 25.10.2022 22.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-8,18% -24,20% -34,62% -24,30%
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