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Amadeus FiRe AG: Nine months results of fiscal year 2012

Amadeus FiRe AG: Nine months results of fiscal year 2012

In the first nine months of fiscal year 2012 the Group achieved consolidated revenues of EUR 102,181k (prior year: EUR 96,323k). This is an increase in revenue of 6.1%. The period had one chargeable day less than the respective prior year period.

Sales of individual services developed as follows:

Temporary staffing 6%

Interim and project management - 3%

Permanent placement 8%

Training 11%

After the first nine months of the fiscal year, gross profit of the Amadeus FiRe Group amounted to EUR 43,540k after EUR 41,278k in prior year’s period, an increase of 5.5%. Amounting to 42.6% in the first nine months the gross profit margin was 0.2 per cent points below the comparable prior year amount. This development is mainly due to the missing chargeable day. Slightly lower utilization figures in temporary staffing and a lower gross profit margin in the interim and project management business could be compensated by an improved attendance of courses in the training segment, an improved gross profit margin in the permanent placement business and the slightly increased share of revenues in this business.

In the first nine months selling and administrative expenses increased by 6.2% to EUR 26,701k compared to EUR 25,135k recorded last year.

Profit from operations came to EUR 16,821k and exceeded prior year (EUR 16,169k) by 4.0% despite one chargeable day less than in the respective prior year period. After nine months the EBITA margin is at 16.5% compared to 16.8% in prior year’s period.

The supervisory board of Amadeus FiRe AG intends to expand the management board within a short time. There are plans to appoint a CFO. Currently, the CEO acts as CFO as well.

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 and that will be on prior year’s level despite two chargeable days less than in the prior year.

The complete report is available at www.amadeus-fire.de.

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