DGAP-News: Amadeus FiRe AG: First quarter results of fiscal year 2014

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DGAP-News: Amadeus FiRe AG / Key word(s): Quarter Results
Amadeus FiRe AG: First quarter results of fiscal year 2014

24.04.2014 / 08:31

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Corporate News
 
Amadeus FiRe AG: First quarter results of fiscal year 2014

Frankfurt/Main, 24 April 2014. In the first quarter of fiscal year 2014 the
Amadeus FiRe Group achieved consolidated revenues of EUR 37,388k (prior
year: EUR 33,068k), a considerable increase of 13.1%. Sales improved in all
services. The reporting period had one chargeable day more than the
respective prior year period.

The different services developed as follows:
  - Temporary staffing             + 16%
  - Interim and project management +  9%
  - Permanent placement            +  3%
  - Training                       +  6%

After the first three months of the business year, gross profit of the
Amadeus FiRe Group amounted to EUR 15,457k after EUR 13,151k in prior
year's period. The gross profit margin was 41.3% (prior year: 39.8%).
Primarily the gross profit margin improvement derives from the additional
chargeable day as well as a recovered level of sickness absence among
temporary staff in contrast to the first quarter of 2013. At that time, the
utilisation suffered from an extraordinary high sickness level. Only in the
area of training and education the gross profit margin decreased due to
lower attendance of established courses.

In the first quarter selling and administrative expenses amounted to EUR
10,322k after EUR 9,127k recorded last year. The increase of 13.1% is
mainly due to higher expenses for salaries, bonus payments and internal
training.

The operating profit (EBITA) was EUR 5,142k (prior year: EUR 4,058k), an
increase of EUR 1,084k (+26.7%). After three months the EBITA margin
improved by 1.5 percentage points to 13.8% (prior year: 12.3%).

The Management Board maintains the expectations that sales will exceed EUR
150m and earnings will increase in the current financial year again. The
expectations are based on the current order situation and an ongoing
process of increasing the productivity, while macroeconomic factors develop
as assumed.

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

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


End of Corporate News

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Language:    English                                               
Company:     Amadeus FiRe AG                                       
             Darmstädter Landstr. 116                              
             60598 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                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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