26.04.2018
Amadeus FiRe AG DE0005093108
DGAP-News: Amadeus FiRe AG: Quarterly statement first quarter 2018
DGAP-News: Amadeus FiRe AG / Key word(s): Quarter Results/Quarterly /
Interim Statement
Amadeus FiRe AG: Quarterly statement first quarter 2018
26.04.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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Frankfurt/Main 26 April 2018. In the first three months of fiscal year 2018
the Amadeus FiRe Group achieved consolidated sales of EUR 48.2m (prior year:
EUR 44.8m); an increase of 7.5%.
Sales from the individual services developed as follows:
Temporary staffing + 3.9%
Permanent placement + 23.8%
Interim-/project management + 3.6%
Training & education + 10.1%
The first quarter of the year included two chargeable days less compared to
previous year quarter. This corresponds to a negative effect on sales, gross
profit and pre tax results of around EUR 1.0m. The effect will be offset and
neutralized during the year by one additional chargeable day in the second
and in the fourth quarter.
As a direct result of the first-time application of the equal pay
requirement at the turn of the year, the order backlog in temporary staffing
dropped by 3% as a one time effect.
Gross profit grew by 6.3% to EUR 22,046k. The gross profit margin developed
from 46.2% to 45.7%. While an increasing share in sales of the high-margin
service permanent placement had a positive impact on the margin, a declining
margin of the service temporary staffing had an opposed effect. Reasons are
the margin impact of the two chargeable days less and an effect on
utilisation rate in temporary staffing from an unusual high rate of sick
leave in Germany, especially in the months of February and March.
Selling and administrative expenses in the first quarter 2018 accumulated to
EUR 15,162k after EUR 13,348k in the first quarter of the previous year.
Mainly the increase of 13.6% resulted from personnel expenses due to the
steady expansion of the sales organization.
EBITA for the first quarter amounted to EUR 6,936; a decrease of EUR -498k
compared as to the previous year results. EBITA was influenced by three
factors significantly. First of all, the negative effect of EUR 1.0m due to
the fewer number of chargeable days. Secondly, by a lower utilization caused
by high sick leave rates and lastly, due to the impact on temporary staffing
orders following the first-time application of the equal pay requirement.
EBITA margin fell by 2.2 percentage points to 14.4% (previous year: 16.6%).
Net profit for the first quarter of 2018 amounted to EUR 4,674k (previous
year: EUR 5,029k) and fell short of the previous year's value by 7.1%.
Earnings per share on the net profit for the period attributable to the
ordinary shareholders of the parent company decreased by 7 Cents to EUR 0.89
in the first quarter (previous year: EUR 0.96).
Management Board and Supervisory Board will propose to the Annual General
Meeting on 24 May 2018 to distribute the group's total amount of net
earnings after minorities. The relevant dividend proposal will be EUR 3.96
per share (prior year's dividend: EUR 3.66).
The full report is available on our website (
https://www.amadeus-fire.de/1/investor-relations/berichte/).
Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-186
[email protected]
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26.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Amadeus FiRe AG
Hanauer Landstraße 160
60314 Frankfurt
Germany
Phone: +49 (0)69 96876 - 180
Fax: +49 (0)69 96876 - 182
E-mail: [email protected]
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, Tradegate Exchange
End of News DGAP News Service
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679415 26.04.2018
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