AMADEUS FIRE AG
Amadeus FiRe AG: First quarter results of fiscal year 2016
DGAP-News: Amadeus FiRe AG / Key word(s): Quarterly / Interim Statement Corporate News Frankfurt/Main, 21 April 2016 In the first quarter of the 2016 financial year, the Amadeus FiRe Group generated consolidated revenue of EUR 40,181k. This figure was down 2.2% on the same quarter of the previous year (EUR 41,096k).
The lower revenue from temporary staffing compared to the previous year is attributable to the shortage of qualified temporary staff. In addition, the growing trend among customer companies towards giving qualified candidates a permanent position also contributed to the decline in temporary staffing. The number of orders in temporary staffing has been down year-on-year since the beginning of the year. General salary increases and collective wages increases in the temporary employment sector resulted in a price increase of 1.7%. The reporting period had one billable day less than the respective prior year’s period, corresponding to an effect of around EUR 0.5 million on revenues, gross profit and earnings. Permanent placement is benefiting from the change in companies’ hiring practices. The shortage of qualified personnel is still making it more difficult for companies to fill vacancies with suitable applicants. Sales in the Training and Education segment rose by 5.6% to EUR 3,893k in the first months of the financial year (previous year: EUR 3,686k). This growth was achieved in spite of Easter holidays which came earlier than in the previous year, which meant that the course programme in March was thinned out. The gross profit of the Amadeus FiRe Group decreased slightly to EUR 16,649k (previous year: EUR 16,898k). Gross profit margin improved by 0.3 percentage points from 41.1% to 41.4%. In contrast to the same period of the previous year, there was not an unusually high level of illness among temporary staff in the reporting period, which had a positive impact on the gross profit margin. The further increase in permanent placement revenues also had a positive impact. Selling and administrative expenses amounted to EUR 11,072k in the reporting period after EUR 10,890k in the previous year. The increase of 1.7% was mainly due to higher expenses for marketing activities and rent. Net profit for the period under review amounted to EUR 3,794k (previous year: EUR 4,063k). Earnings per share based on the net profit for the period attributable to the ordinary shareholders of the parent fell by 6 cents to EUR 0.72 in the first quarter (previous year: EUR 0.78). A moderate revenue growth still is the objective for both the personnel services segment and the training segment. Owing to the planned cost increases arising from strengthening the sales organization, the enhancement of competitiveness and the implementation of the new frontend software, EBITA for 2016 is still expected to be between five and ten percent below the 2015 result. Further details on the unchanged forecast can be found in the forecast section of the 2015 annual report. The complete report is available at www.amadeus-fire.de. Amadeus FiRe AG
2016-04-21 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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; Terminbörse EUREX | |
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