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Amadeus FiRe AG: Announcement on the first quarter of 2021

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Amadeus FiRe AG / Key word(s): Quarter Results/Forecast
Amadeus FiRe AG: Announcement on the first quarter of 2021

22-Apr-2021 / 06:50 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.

Ad-Hoc Announcement

Frankfurt/Main, 22 April 2021. The Amadeus FiRe Group's business recovery continued at a dynamic pace in the first quarter of the 2021 fiscal year. In the first three months, consolidated sales revenue increased by 14.7 per cent from €76.4m to €87.6m. Both the Personnel Services and Training segments contributed equally to the positive development.

The operating EBITA (excluding depreciation from purchase price allocations) rose by 39.3 per cent to €14.8m. EBITA grew by 53.0 per cent to €12.4m in the first quarter. Hence, earnings per share rose by 43.8 per cent to €1.38 after €0.96 in the previous year.

The significant increases in Group sales revenues and operating results achieved in the first quarter of 2021 exceeded the company's own expectations. At this point in time, the Management Board of the Amadeus FiRe Group expects to complete the full year stronger than previously projected. So far, it has been expected to exceed the previous year's operating EBITA by a good 15 per cent.

Facing the "third wave" in Germany with potentially even stricter lockdown measures and considerable uncertainty about the progress of the vaccination, expectations for the further economic recovery process are associated with a high level of intransparency. By mid-year, the situation should be more transparent and forecasts more reliable. At that time, the management board will concretise its increased expectations with a new forecast.

The full report is available on our homepage:
https://www.amadeus-fire.de/en/investor-relations/berichte/

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

22-Apr-2021 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

Germany

Phone:

+49 (0)69 96876 - 180

Fax:

+49 (0)69 96876 - 182

E-mail:

investor-relations@amadeus-fire.de

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:

1187350


 

End of Announcement

DGAP News Service

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