Amadeus Fire AG: Adjustment of the outlook for financial year 2026 based on preliminary business figures for the first half of 2026
Frankfurt/Main (pta024/28.07.2026/16:15 UTC+2)
The Management Board of the Amadeus Fire Group is adjusting its outlook for financial year 2026, as last published on 25 March 2026 in the Annual Report 2025, to reflect the business performance to date based on initial preliminary business figures for the first half of 2026.
Revenue and earnings in the first quarter of 2026 were in line with the expected start to the year and with management planning, despite the strained overall economic conditions in Germany, which continued to be characterised by a high level of uncertainty.
This persistently high level of uncertainty intensified in the second quarter following the Iran war and the associated economic implications. The significant fall in the expectations component of the ifo Business Climate Index from 90.4 points in February to 83.5 points in April reflects the pronounced deterioration in sentiment in the German economy.
The effects were clearly evident in demand and, as a consequence, in permanent placement revenue in the Personnel Services segment. As a result, the second-quarter plans for Personnel Services were not achieved, despite the targets being met in the services of temporary staffing and interim and project management as planned. The revised forecast does not assume any improvement in the worsened situation over the remainder of the year. The Training segment also achieved its revenue and earnings targets in the second quarter.
On the basis of the preliminary financial key figures, the Amadeus Fire Group generated consolidated revenue of around € 171.7 million in the first half of 2026 (H1 2025: € 186.6 million) and operating Group EBITA* of around € 3.5 million (H1 2025: € 6.4 million). Over the further course of 2026, revenue is expected to stabilise and earnings performance to improve quarter by quarter compared with the first half of 2026, supported by a significantly higher number of working days.
The Management Board has set its new expectation range at the lower end of the forecast range for financial year 2026 published in the Annual Report 2025. The Amadeus Fire Group now expects revenue in the range of € 350 million to € 365 million (previously € 362 million to € 394 million), which would be around prior-year's level. The assumption remains unchanged that the strained situation among corporate customers will continue. Against this backdrop, the expected revenue and earnings growth is driven by the Training segment, while a decline is anticipated in the Personnel Services segment. Operating EBITA* for financial year 2026 is forecast in a range of € 17 million to € 23 million (previously € 20 million to € 31 million), which would nevertheless correspond to growth of around 24 percent to 68 percent compared with financial year 2025, which was impacted by restructuring measures.
* For the definition of operating EBITA of the Amadeus Fire Group, please refer to the first footnote on page 2 of the Q1 2026 Interim Statement.
Contact person:
Jörg Peters
Head of Investor Relations
+49 69 96 87 61 80
jpeters@amadeus-fire.de
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| Emitter: |
Amadeus Fire AG Hanauer Landstraße 160 60314 Frankfurt am Main Germany |
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|---|---|---|
| Contact Person: | Investor Relations | |
| Phone: | +49 69 96876 180 | |
| E-Mail: | IR@amadeus-fire.de | |
| Website: | www.group.amadeus-fire.de/en | |
| ISIN(s): | DE0005093108 (Share) | |
| Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate BSX |