Amadeus Fire slides after 9M results, narrowed FY guidance

Amadeus Fire AG

24/10/2023 07:40

** Shares in Amadeus Fire  AMDG.DE  are down 3.7% in early
Frankfurt trade after the company reported 9 months' results
    ** The provider of employment services said that by
September it achieved 331.5 million euros ($353.94 million)in
consolidated revenue, exceeding the previous year's figure by
8.4%
    ** The company is also forecasting growth in operating EBITA
of between 7% and 9% for the financial year, narrowing it to the
lower end of its FY23 outlook 
    ** A local trader notes that market already below initial
range as personnel services segment continues to disappoint.
"Should be no big surprise, though", they add
($1 = 0.9366 euros)

 (Paolo Laudani)
 ((paolo.laudani@thomsonreuters.com))