News

23.04.2015 [News]

First quarter results of fiscal year 2015

Frankfurt/Main, 23 April 2015. In the first quarter of fiscal year 2015, the Amadeus FiRe Group recorded consolidated revenues of EUR 41,096k, an increase of 9.9% on the same period of the previous year (EUR 37,388k). All of the services contributed to this development. The reporting period had the same number of billable days than the corresponding prior-year period.

The different services developed as follow:

  • Temporary staffing + 8%
  • Interim and project management + 16%
  • Permanent placement + 23%
  • Training + 10%


The gross profit of the Amadeus FiRe Group improved by 9.3% to EUR 16,898k (previous year: EUR 15,457k). The gross profit margin declined slightly by 0.2 percentage points, from 41.3% to 41.1%. In a similar vein to the flu epidemic that hit Germany in early 2013, however, the first quarter of 2015 again saw an unusually high level of illness among temporary workers. The revenues lost as a result have a
corresponding impact on the temporary staffing gross profit margin.

Selling and administrative expenses amounted to EUR 10,890k in the period under review after EUR 10,322k in the previous year. The increase of 5.5% was primarily attributable to staff costs. In addition to regular salary increases, initial investments were made in expanding operations. The increase in the workforce in the first quarter was initially significantly lower than planned, but efforts in this area will continue.

In the first quarter the operating profit (EBITA) amounted to EUR 6,043k (previous year:

EUR 5,142k), an increase of 17.5%. The EBITA margin rose by 0.9 percentage points to 14.7% (previous year: 13.8%). The lower number of billable days in the second quarter compared with the first quarter

will lead to a corresponding reduction in revenues and earnings. For fiscal year 2015 the Management Board holds on to its projections.

Amadeus FiRe AG
Thomas Weider
Investor Relations
Tel: +49 (69) 96 876-180
Investor-Relations@Amadeus-FiRe.de