Germany's Amadeus Fire H1 revenue falls on weak personnel services demand; EBITA drops

Amadeus Fire AG

03/08/2026 17:49

Overview
Germany staffing and training firm's H1 revenue fell 8% amid weak personnel services demand
Operating EBITA dropped 45.8% as cost measures only partially offset lower business volume
Company expects revenue to stabilize and earnings to improve in H2, sets guidance at lower end

Outlook
Amadeus Fire expects 2026 revenue between €350 mln and €365 mln, broadly flat year-on-year
Company forecasts 2026 operating EBITA of €17 mln to €23 mln, up about 24-68%
Company expects challenging conditions to persist, with growth driven mainly by the Training segment

Result Drivers
WEAK PERSONNEL SERVICES DEMAND - Co said cautious hiring and low candidate willingness led to lower revenue and gross profit in personnel services
ROBUST TRAINING SEGMENT - Structural demand for qualifications and acquisitions drove revenue growth in training segment
COST MEASURES PARTIALLY OFFSET IMPACT - Cost and structural measures stabilized earnings but only partially offset lower business volume

Company press release: ID:nPext2v0ma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Gross Margin
 
50.00%
 
H1 EBITA Margin
 
2.00%
 
H1 Operating Gross Profit
 
EUR 85.90 mln
 
H1 Loss Per Basic Share
 
EUR 0.69
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy."
Wall Street's median 12-month price target for Amadeus Fire AG is €68.50, about 207.9% above its July 31 closing price of €22.25
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)