on Amadeus Fire AG (isin : DE0005093108)
Amadeus Fire's Preliminary Financial Indicators for 2024 Show Mixed Results
Amadeus Fire Group reported a mixed performance for the 2024 financial year amidst a sluggish German economy. The company achieved an operating profit margin of approximately 13%, although total revenue dropped slightly by 1.2% to €436.9 million compared to €442.4 million in 2023.
Germany's prolonged economic stagnation, with a GDP decline of 0.2%, significantly affected the job market. The unemployment rate rose to 6.4% by early 2025, contributing to cautious hiring and business investment.
The Personnel Services segment saw reduced revenue due to economic uncertainties, while the Training segment maintained stable results. Overall, operating earnings (EBITA*) fell by around 21% to €55.5 million, missing the forecasted range.
R. P.
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