Press Release
Amadeus FiRe AG

Preliminary results for fiscal year 2018

Frankfurt/Main, 7 February 2019. In fiscal year 2018 the Amadeus FiRe Group achieved consolidated sales of EUR 205.8m (prior year: EUR 184.5m), an increase of 11.5 percent year-on-year. All services provided by the Amadeus FiRe Group contributed to this positive overall development.

In 2018 the gross profit amounted to EUR 99.3m (prior year: EUR 85.5m), representing an increase of 16.0 percent. Gross profit margin improved by 1.8 percentage points from 46.4 percent in the previous year to 48.2 percent.

The selling and administrative expenses accumulated to EUR 62.0m after EUR 53.4m in prior year. Mainly the increase of 16.1 percent derived from personnel expenditures for the growing sales organisation.

EBITA (earnings before interest, tax and goodwill amortization), the Amadeus FiRe Group's most important performance indicator, reached a new record. At EUR 37.5m, the previous year's figure was exceeded by 16.1 percent. The increase in earnings was achieved despite the negative impact on the total order backlog as a result of the first-time application of the new regulation of the German Temporary Employment Act (in particular equal pay and maximum lending period). EBITA margin improved by 0.7 percentage points to 18.2 percent.

For fiscal year 2019 the Amadeus FiRe Group plans further significant investments in the expansion of its operating business and sales organisation. The company's goal for fiscal year 2019 is to increase both consolidated sales and EBITA once again. The plans are based on a stable macroeconomic environment in Germany.

The final figures for the fiscal year 2018 will be announced during a press conference / analyst meeting on 12 March 2019.

Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-180
[email protected]