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

Transparency directive : regulatory news

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.


AD HOC 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
Investor-Relations@Amadeus-FiRe.de


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
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
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

fncls.ssp?fn=show_t_gif&application_id=1220838&application_name=news&site_id=symex


Other stories

23/07/2021 17:58
23/07/2021 18:03
23/07/2021 20:04
23/07/2021 11:24
23/07/2021 19:03
23/07/2021 16:25
23/07/2021 17:57
23/07/2021 14:30
23/07/2021 16:03
23/07/2021 15:45
23/07/2021 17:02
23/07/2021 17:37
23/07/2021 15:16
23/07/2021 12:04
23/07/2021 11:15
23/07/2021 12:03
23/07/2021 13:42
23/07/2021 19:11
23/07/2021 12:20
23/07/2021 11:49
23/07/2021 13:45
23/07/2021 16:00
23/07/2021 18:19
23/07/2021 10:40
23/07/2021 15:57
23/07/2021 18:44
23/07/2021 17:30
23/07/2021 18:55
23/07/2021 19:40
23/07/2021 16:30
23/07/2021 12:30
23/07/2021 15:03
23/07/2021 01:23
23/07/2021 09:15
23/07/2021 17:03
23/07/2021 07:03
22/07/2021 18:59
23/07/2021 00:26