Amadeus FiRe AG

Preliminary results for fiscal year 2015

DGAP-Media / 11.02.2016 / 07:45

Press release


Amadeus FiRe AG:
Preliminary results for fiscal year 2015

Frankfurt/Main, 11 February 2016. In fiscal year 2015 the Amadeus FiRe
group achieved consolidated sales of EUR 169.7m (prior year EUR 161.1m), an
increase of 5.4%. Sales improved in all services (temporary staffing,
permanent placement, interim and project management, training).

In 2015 the gross profit amounted to EUR 72.8m (prior year EUR 67.8m).
Therewith gross profit grew by EUR 5.0m or 7.3%. Gross profit margin
increased by 0.8 percentage points from 42.1% to 42.9%. The fiscal year
2015 had two billable days more than 2014.

The selling and administrative expenses were EUR 44.3m after EUR 41.1m in
prior year. Mainly the increase of EUR 3.2m derived from personnel
expenditures in operations. However, growth in the number of sales
employees in direct customer contact in 2015 was significantly lower than
planned. Furthermore, expenses for marketing activities and rent increased.

The earnings before interest, tax and goodwill amortisation (EBITA) reached
a new peak of EUR 28.7m. EBITA increased by EUR 1.9m (+7.1%). The EBITA
margin of 16.9% exceeded previous year's level of 16.6% by 0.3 percentage
points.

The management board expects a moderate growth of sales in 2016. Basis for
this assumption are the current macroeconomic projections, the current
order situation and a stable legal and regulatory environment. Planned cost
increases from strengthening of the sales organization not carried out in
the year before, improvement of the competitive position and implementation
of new sales software will have an impact on the EBITA of more than EUR 3m.
The implementation of these measures should lead to a decrease of EBITA
between 5 and 10 per cent for fiscal year 2016.

The final figures for the fiscal year 2015 will be announced during a press
conference / analyst meeting on 15 March 2016.

Amadeus FiRe AG
Thomas Weider
Investor Relations
Tel: [phone]
[e-mail]


End of Media Release

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Issuer: Amadeus FiRe AG
Key word(s): Services

11.02.2016 Dissemination of a Press Release, transmitted by DGAP - a service
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Amadeus FiRe AG
Darmstädter Landstr. 116
60598 Frankfurt
Germany
Phone: [phone] - 180
Fax: [phone] - 182
E-mail: [e-mail]
Internet: www.amadeus-fire.de
ISIN: DE0005093108
WKN: 509310
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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