Amadeus FiRe: Q1 2024 Earnings Report Unveiled

• Amadeus Fire Group increased its revenue by 3.4 percent in the first three months of 2024, with training revenue developing positively and personnel services revenue slightly down year-on-year.
• The Group's operating EBITA was 24.3 percent below the previous year's figures due to two fewer working days in the quarter and the first national Easter holiday week falling in the first quarter.
• The training segment saw a revenue increase of 15.6 percent to € 43.2 million in the first quarter, with publicly funded training contributing significantly to this growth.
• The personnel services segment was unable to match the previous year's quarter due to an economic slowdown and a lower number of billable days, with revenue slightly missed by 2.8 percent.
• Despite high demand for personnel services due to a shortage of skilled labour, economic uncertainty is leading to a decline in the willingness to hire and a lower conversion rate of enquiries into orders.
• The Management Board expects the Amadeus Fire Group to generate revenue of € 470 to 500 million for the year as a whole, which corresponds to growth of 6 to 13 percent, and operating EBITA is expected to increase by 5 to 14 percent to between € 74 and 80 million.

The next important date, Publication of quarterly financial report (as of Q1), at Amadeus FiRe is on 23.04.2024.

The price of Amadeus FiRe at the time of the news was 116,60EUR and was down -0,68 % compared with the previous day.
5 minutes after the article was published, the price was 116,20EUR this corresponds to a minus of -0,34 % since publication.
At this time, the index SDAX was at 14.155,66PKT (+0,57 %).

Amadeus FiRe

+0,36 %

-1,76 %

-6,52 %

-0,36 %

-14,66 %

-22,68 %

-8,36 %

+80,82 %

+674,84 %

ISIN:DE0005093108WKN:509310

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