Amadeus Fire AG Reports Mixed Results for First Half of 2024

Amadeus Fire Group concluded the first half of 2024 with a positive outlook despite a challenging economic environment. The company’s revenue for the period increased by 4.3 percent to €226.1 million. However, Group operating EBITA remains 12.1 percent lower than the previous year at €28.9 million.

The Training segment showed positive development, with revenues climbing by 15.4 percent to €86.2 million, primarily driven by publicly funded training services. Meanwhile, the Personnel Services segment faced difficulties due to the recessionary environment, resulting in a decline in recruitment activities.

Amadeus Fire anticipates the economic situation to remain cautious for the rest of 2024. Consequently, the Management Board has lowered its EBITA forecast to between €64 million and €70 million, down from €70 million the previous year.