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Amadeus FiRe AG significantly increases growth forecast

·2-min read

Amadeus FiRe AG / Key word(s): Forecast/Half Year Report
Amadeus FiRe AG significantly increases growth forecast

22-Jul-2021 / 07:01 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, July 22, 2021.

Amadeus FiRe AG was able to close the first half of fiscal year 2021 with a very positive development. In both segments, Personnel Services and Training, the company found its way out of the crisis with a significant increase in revenue and earnings and has already clearly outperformed the pre-crisis level in 2019. In the first 6 months, consolidated sales rose by 30 percent to €178.4 million and operating profit from business activities (operating EBITA) by 70 percent to €29.5 million.

Based on last year's operating EBITA of €41.1 million, the 2020 annual report forecasted growth in operating profit of a good 15 percent for 2021 as a whole, with improving business momentum from the middle of the year.

The Management Board is correcting this forecast and expects significantly more dynamic growth for 2021 as a whole. It is expected to increase the previous year's result by at least 50 percent. After €29.5 million in the first half of the year, the €60 million threshold for operating EBITA should be clearly exceeded for the year as a whole.

The basic assumption is that there will be no renewed economic disruptions as at the beginning of the 2020 pandemic.

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

22-Jul-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 am Main

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:

1220838


 

End of Announcement

DGAP News Service

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