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Amadeus FiRe AG: Final figures for 2011

Amadeus FiRe AG: Final figures for 2011

Amadeus FiRe confirms the preliminary figures for financial year 2011.

The Amadeus FiRe group generated sales of EUR 130.1m in fiscal year 2011, up 11.9% on prior year’s figure. The increase in sales was primarily caused by the temporary staffing and the permanent placement service lines. Sales in training were slightly above prior year. Sales in interim- / project management were below prior year however a higher  gross profit was achieved.

Primarily due to the increase in sales in the permanent placement service line the gross profit margin was 42.9% which is 1.7 percentage points higher than the prior year’s figure.

The selling and administrative expenses rose by 14.8% compared to prior year due to investments in additional personnel for the sustainable expansion of the operating activities and also due to higher variable compensation related to the improved earnings.

In the past fiscal year the operative group result (EBITA) amounted to EUR 22.2m (prior year: EUR 18.8m). This is an increase of 17.7%.

The EBITA margin was 17.1% after 16.2% in the prior year.

Fiscal year 2011 ended with a consolidated profit after minority interests of EUR 14.8m after EUR 12.1m in the prior year.

Earnings per share increased to EUR 2.84 after EUR 2.33 in the prior year.

Fiscal year 2011 was the most successful year in the history of the Amadeus FiRe Group. In view of the fact that management and supervisory board anticipate no additional liquidity requirements at present, management and supervisory board will propose full distribution of the consolidated profit at the general shareholder meeting on 31 May 2012. This represents a dividend of EUR 2.84, an increase of 70% and the highest ever in the history of Amadeus FiRe.

The annual report 2011 will be published on 29 March 2012 on the Amadeus FiRe-website (www.amadeus-fire.de).

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