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PRESS RELEASE : Amadeus FiRe AG: Half-Year Financial Report 2021

07/22/2021 | 01:06am
DGAP-News: Amadeus FiRe AG / Key word(s): Half Year Report/Change in Forecast 
Amadeus FiRe AG: Half-Year Financial Report 2021 
2021-07-22 / 07:05 
The issuer is solely responsible for the content of this announcement. 
Frankfurt/Main, July 22, 2021. The Amadeus FiRe AG was able to close the first half of the fiscal year with a very 
positive development. In both segments, Personnel Services and Training, the company found its way out of the crisis 
with a significant increase in revenue and earnings and has already clearly outperformed the pre-crisis level in 2019. 
Consolidated sales compared to 2020 increased by 29.8 percent to EUR178.4 million in the first 6 months. 
With operating EBITA (excluding depreciation and amortization from purchase price allocations) of EUR29.5 million, an 
increase of 69.9 percent on the previous year and 68.0 percent on the first half of 2019 was achieved. Net profit for 
the period more than doubled in the first six months, increasing by 122.4 percent to EUR15.5 million. The resulting 
earnings per share rose to EUR2.68, compared to EUR1.33 in the previous year. 
The organic growth rates, not including the new subsidiary GFN that was consolidated for the first time, were 20.0 
percent for revenue and 67.4 percent for operating EBITA. 
Sales in the segments developed as follows: 
Business performance in the Personnel Services segment continued to be impacted by the effects of the Corona pandemic 
over the first half of the year, with a noticeably positive trend in all services. 
The temporary staffing saw order numbers return to pre-crisis levels for the first time at the end of June, with 
revenue in the first half of the year up by 8.8 percent year-on-year and by 3.9 percent compared to 2019. 
Permanent placement achieved a significant increase in revenue of 43.4 percent compared to 2020. It is notable that the 
former record revenues achieved in the first half of 2019 were likewise outperformed by 26.0 percent. The willingness 
of the companies to invest in employees and their recruitment has increased noticeably. Amadeus FiRe expects to have 
gained further market share over and above the fundamentally positive market environment. 
The positive trend of the first quarter continued in interim and project management, and sales rose by 27.6 percent 
year-on-year and by 95.1 percent as against 2019. 
With growth of 61.3 percent to segment sales of EUR65.1 million, the start to the year in the Training segment was also 
brilliant. Organic sales growth amounted to 27.9 percent. 
All units contributed to this positive development. Increased demand for state-subsidized training in conjunction with 
the improved processing of training vouchers by the payers led to a higher number of participants entering the 
state-subsidized trainings. There was also a positive effect on demand for the training products offered to private 
customers in the first half of 2021, just as demand from corporate customers is now showing a slight recovery. 
Companies are able and willing to invest in the training of their employees again. 
The economic upturn, in combination with rising vaccination rates and the resulting relaxations of civil liberties, has 
had a noticeably positive impact on Amadeus FiRe's business situation. 
Virtual training, induction in the home office and manifested hygienic procedures are now common practice and no longer 
represent a fundamental restriction on business operations at Amadeus FiRe AG and its customers. 
Overall, the developments in the first half of the year were significantly above the own expectations. 
Based on last year's operating EBITA of EUR41.1 million, the 2020 annual report forecasted growth in operating profit of 
a good 15 percent for 2021 as a whole, with improving business momentum from the middle of the year. 
The Management Board is increasing its forecast and expects significantly more dynamic growth in 2021. It is expected 
to increase the previous year's result by at least 50 percent. After EUR29.5 million in the first half of the year, the 
threshold of EUR60 million for operating EBITA should be clearly exceeded for the year as a whole. The basic assumption 
is that there will be no renewed economic disruptions as at the beginning of the 2020 pandemic. 
The full report is available on our website: 
Link to report 
Amadeus FiRe AG 
Jan Hendrik Wessling 
Investor Relations 
Tel: +49 (69) 96 876-180 
2021-07-22 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 
Language:     English 
Company:      Amadeus FiRe AG 
              Hanauer Landstrasse 160 
              60314 Frankfurt am Main 
Phone:        +49 (0)69 96876 - 180 
Fax:          +49 (0)69 96876 - 182 
ISIN:         DE0005093108 
WKN:          509310 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1220842 
End of News   DGAP News Service 

1220842 2021-07-22

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July 22, 2021 01:05 ET (05:05 GMT)

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