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Amadeus Fire Trading Update

Amadeus Fire – Trading Update

In the first nine months of fiscal year 2011 the Group achieved consolidated revenues of EUR k 97,820 (prior year EUR k 85,517). This is an increase in revenue of 14.4 %. The period had one chargeable day more than the respective prior year period.

Sales of individual services developed as follows:

Temporary 15 %

Interim and project management - 9 %

Permanent placement 61 %

Training - 1 %

After the first nine months of the fiscal year, gross profit of the Amadeus FiRe Group amounted to EUR k 41,897 after EUR k 34,525 in prior year’s period, an increase of 21.4 %. Amounting to 42.8 % in the first nine months the gross profit margin was 2.4 per cent points above the comparable prior year figure.

This development is mainly due to the increased share of permanent placement, to the sales of the additional chargeable day and to the increased gross profit margin in interim and project management. The gross profit margin for training decreased, however, partly due to lower attendance figures.

In the first nine months selling and administrative expenses increased by 16.2 % to EUR k 25,648 compared to EUR k 22,075 recorded last year.

Profit from operations came to EUR k 16,275 and exceeded prior year (EUR k 12,658) by 28.6 %. After nine months the EBITA margin is at 16.6 % compared to 14.8 % in prior year’s period.

On the basis of the current order situation and under constant economic general conditions, the Management Board of the Amadeus FiRe Group anticipates the operating result for fiscal year 2011 to exceed that of the previous year despite the planned investments in personnel in the existing branch network.


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