Amadeus FiRe AG: Quarterly report for the first nine months of 2017
October 24, 2017 at 02:05 am EDT
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DGAP-News: Amadeus FiRe AG / Key word(s): Quarterly / Interim Statement/9-month figures
Amadeus FiRe AG: Quarterly report for the first nine months of 2017
24.10.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
Frankfurt/Main, 24 October 2017. In the first nine months of the 2017 financial year, the Amadeus FiRe Group generated consolidated sales of EUR 136.5 million (previous year: EUR 128.9 million). This represents an increase of 5.9% despite the fact that there was one billable day fewer than in the previous year. With the exception of Interim-/Project Management, all the business segments contributed to this sales growth. Although the third quarter was slightly weaker for Permanent Placement on account of the notable shortage of suitably qualified staff, sales increased by a significant 35% year-on-year in the period under review.
Sales from the individual services developed as follows:
Temporary Staffing
+
2.1%
Permanent Placement
+
35.0%
Interim-/Project Management
-
7.2%
Training & Education
+
3.9%
The Group's gross profit amounted to EUR 61,468 thousand in the first nine months, up 9% on the same period of the previous year. The gross profit margin improved from 43.7% to 45%. The higher proportion of sales from permanent placement had a positive effect on the gross profit margin; however, this was partially offset by the fact that there was one billable day fewer than in the previous year.
Selling and administrative expenses amounted to EUR 37,290 thousand in the period under review after EUR 34,031 thousand in the previous year. The 9.6% increase was primarily due to higher staff costs. This development was driven mainly by continued important investments in the sales organisation and the filling of open vacancies. The higher commission entitlements as a result of the successful development in earnings and the whole-year effect of the structural increase in fixed salaries for sales implemented during 2016 also served to increase expenses accordingly.
EBITA for the first nine months amounted to EUR 24,313 thousand (previous year: EUR 22,510 thousand), representing an increase of EUR 1,803 thousand or 8.0%. Although there was one billable day fewer compared with the previous year, the EBITA margin increased by 0.3 percentage points, from 17.5% in the previous year to 17.8% in the period under review.
The 2017 financial year as a whole will contain three fewer billable days than the previous year. This will have a negative effect on full-year sales, gross profit and earnings of around EUR 1.5 million. The aim remains to achieve moderate earnings growth compared with the previous year. Accordingly, the Management Board is reiterating its forecast for the 2017 financial year.
Since September 2017 the Amadeus FiRe Group is no longer listed in the SDAX index, but still meets the Prime Standard.
The full report can be found on our website: https://www.amadeus-fire.de/1/investor-relations/berichte/
24.10.2017 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.
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Language:
English
Company:
Amadeus FiRe AG
Darmstädter Landstr. 116
60598 Frankfurt
Germany
Phone:
+49 (0)69 96876 - 180
Fax:
+49 (0)69 96876 - 182
E-mail:
investor-relations@amadeus-fire.de
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
Amadeus Fire AG is a Germany-based provider of employment services, including temporary staffing, permanent placement and interim and project management. The Company operates through two segments: Personnel Services and Training. The Personnel Services focuses on the fields of commerce and information technology (IT), such as accounting, banking, office and information technology services. The Training segment offers corporate and private customers training with a particular focus on finance, accounting, tax and financial control, and provides a service that complements the professional focus the Personnel Services segment. The Company operates from approximately 20 locations across Germany.
AMADEUS FIRE AG 
