Germany's Amadeus Fire prelim H1 revenue falls, cuts 2026 outlook

Amadeus Fire AG

28/07/2026 15:26

Overview
Germany personnel services and training firm's preliminary H1 2026 revenue and operating group EBITA declined yr/yr
Company cut 2026 revenue and EBITA outlook to lower end of prior forecast range
Lower Personnel Services demand cited amid economic uncertainty and Iran war impact

Outlook
Amadeus Fire now expects 2026 revenue of €350 mln to €365 mln, down from €362 mln to €394 mln
Company forecasts 2026 operating EBITA of €17 mln to €23 mln, previously €20 mln to €31 mln
Company expects continued strained conditions among corporate customers for remainder of 2026

Result Drivers
PERMANENT PLACEMENT WEAKNESS - Co said demand for permanent placements in Personnel Services fell short of plans due to worsening economic sentiment after Iran war
TRAINING SEGMENT STABLE - Training segment achieved revenue and earnings targets in Q2
NO RECOVERY EXPECTED - Co does not expect improvement in strained customer situation for remainder of 2026

Company press release: ID:nPexNk9mJa

Key Details
Metric (Preliminary)
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 171.7 mln
 
H1 operating group EBITA
 
EUR 3.5 mln
 

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 €71.00, about 190.4% above its July 27 closing price of €24.45
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 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.)