on Amadeus Fire AG (isin : DE0005093108)
Amadeus Fire AG Adjusts Operating EBITA Guidance for 2024
On October 18, 2024, Amadeus Fire AG announced an adjustment to its operating EBITA forecast for the full year of 2024. This comes amidst rising economic pessimism in Germany, impacting the company's financial performance in the first nine months. The company's operating EBITA reached €46.4 million, marking a 14.8% decline compared to the previous year and falling short of expectations.
The Management Board has revised the EBITA guidance to approximately €58 million, down from the previously adjusted forecast of €64-70 million at the half-year mark. The earlier downturn reflects the economic challenges and hesitation in order placements observed in the market. The Board does not anticipate any significant market improvements for the rest of the year.
R. H.
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