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Amadeus Fire Lifts Q1 Profits by 16%

Amadeus Fire Lifts Q1 Profits by 16%

In the first quarter of fiscal year 2012 the Amadeus FiRe Group achieved consolidated revenues of EUR 33,311k (prior year: EUR 30,617k), an increase of 8.8%. Compared to the prior year all service segments reported an increase in revenue. The period had one chargeable day more than the respective prior year period.

The different services developed as follows:
•             Temporary staffing 7%
•             Interim and project management 16%
•             Permanent placement 10%
•             Training 17%

In the first three months the Amadeus FiRe group achieved a gross profit of EUR 14,165k after EUR 12,857k in prior year’s quarter. With 42.5% the gross profit margin was above the prior year amount of 42.0%. The higher gross margin was mainly due to the revenue of the additional chargeable day in temporary staffing and to the slightly increased share of permanent placement. The gross profit margin for training slightly decreased, however, partly due to lower attendance figures.

In the first quarter selling and administrative expenses came to EUR 8,905k. Compared with EUR 8,379k recorded last year this was an increase of 6.3%.

The operating profit came to EUR 5,228k and exceeded prior year (EUR 4,487k) by 16.5%. After three months the EBITA margin was at 15.7% compared to 14.7% in prior year’s period.

Due to the current economic projections and their effect on demand for Amadeus FiRe services and on the basis of the current order situation the management board of the Amadeus FiRe Group anticipates a positive result for fiscal year 2012 that will be higher than the industry average for specialist personnel service providers.

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