Amadeus Fire rises as 2023 outlook beats expectations

Amadeus Fire AG

21/03/2023 07:26

** Shares in Amadeus Fire  AMDG.DE  are up 3.7% in early
Frankfurt trade after the German recruiter announced 2023
outlook above analysts' expectations
    ** "Amadeus Fire confirmed its FY22 prelims and gives a
better-than-expected FY23 sales and earnings outlook," a local
trader says
    ** For 2023, the company sees revenues of between 440-470
million euros ($471.11-503.23 million), compared to analysts'
forecast of 427 million euros, according to Refinitiv data
    ** It sees an operating EBITA of 73-79 million euros in 2023
    ** The company said it will propose a dividend of 4.50 euros
per share for 2022, an increase of 48%

($1 = 0.9340 euros)

 (Reporting by Anna Mackenzie)
 ((Anna.mackenzie@thomsonreuters.com))