Frankfurt/Main, 12 March 2019. The Amadeus FiRe Group confirms the preliminary results for fiscal year 2018.
In fiscal year 2018 the Amadeus FiRe Group achieved consolidated sales revenues of EUR 205.8m (prior year EUR 184.5m), an increase of 11.5 percent year-on-year. All services contributed positively to the sales development. In fiscal year 2018 there was no difference in the number of chargeable days available compared to the previous year.
Gross profit increased by 16.1 percent from EUR 85.5m to EUR 99.3m. The gross profit margin rose by 1.8 percentage points compared to the previous year from 46.4 percent to 48.2 percent.
The selling and administrative expenses accumulated EUR 62.0m after EUR 53.4m in prior year. Mainly the increase of EUR 8.6m derived from personnel expenditures in operations and coherent staff-related expenses.
Amadeus FiRe Group’s earnings before interest, tax and goodwill amortisation (EBITA) amounted to EUR 37.5m (prior year EUR 32.3m), a new all time high for the Amadeus FiRe Group and a noticeable increase of 16.1 percent. The new record result was achieved despite the negative impact on the total order backlog of Temporary Staffing as a result of the first-time application of the new regulation of the German Temporary Employment Act (in particular equal pay and maximum lending period). EBITA margin increased to 18.2 percent by 0.7 percentage points (prior year 17.5 percent).
In fiscal year 2018 the Amadeus FiRe Group generated a consolidated profit after minority interests of EUR 24.2m. Previous year’s level of 20.6m hence was exceeded by 17.8 percent.
Earnings per share were EUR 4.66 for fiscal year 2018 (prior year EUR 3.96) in relation to the profit for the period attributable to ordinary shareholders.
The management board and the supervisory board will again propose this year to the Annual General Meeting on 23 May 2019 to distribute the Group’s total amount of net earnings after minorities for 2018. The corresponding dividend proposal will be EUR 4.66 per share (prior year’s dividend: EUR 3.96).
The annual report 2018 will be published on 27 March 2019.
Amadeus FiRe AG
Jan H. Wessling
Tel: +49 (69) 96 876-180