AMADEUS FIRE AG (FRA:AAD) Amadeus FiRe AG significantly increases growth forecast

Directive transparence : information réglementée

22/07/2021 07:01

DGAP-Ad-hoc: Amadeus FiRe AG / Key word(s): Forecast/Half Year Report
Amadeus FiRe AG significantly increases growth forecast

22-Jul-2021 / 07:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Frankfurt/Main, July 22, 2021.

Amadeus FiRe AG was able to close the first half of fiscal year 2021 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. In the first 6 months, consolidated sales rose by 30 percent to €178.4 million and operating profit from business activities (operating EBITA) by 70 percent to €29.5 million.

Based on last year's operating EBITA of €41.1 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 correcting this forecast and expects significantly more dynamic growth for 2021 as a whole. It is expected to increase the previous year's result by at least 50 percent. After €29.5 million in the first half of the year, the €60 million threshold 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.

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

22-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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
E-mail: investor-relations@amadeus-fire.de
Internet: www.amadeus-fire.de
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: 1220838

End of Announcement DGAP News Service

1220838  22-Jul-2021 CET/CEST