Amadeus Fire AG 9M 2025: Key Takeaways

In this update, Joerg Peters, Head of Investor Relations at Amadeus Fire AG, outlines the key developments from the first nine months of 2025 — highlighting the company’s resilience in a demanding market, disciplined cost management, and confirmed full-year guidance.

Demonstrating Resilience in a Challenging Market

Despite a persistently soft macroeconomic backdrop in Germany, Amadeus Fire Group maintained stable business momentum across its personnel services and training divisions.

The group continued to benefit from its specialization in finance, accounting, IT, and HR, which remain structurally high-demand areas.

While clients showed continued caution in new project starts, recurring business and long-term customer relationships helped stabilize revenues.

Showcasing Strong Financial Highlights for 9M 2025

- Revenue: €(approximately 320–340 million) – broadly in line with the previous year

- EBITA: Slightly below last year due to muted demand in certain staffing areas

- Cash Flow: Remained strong, underscoring Amadeus Fire’s robust business model

- Dividend & Outlook: Full-year guidance reaffirmed; consistent payout policy maintained

- The company’s cost discipline, diversified client base, and focus on high-margin segments, such as interim management and specialised training, contributed to a resilient performance profile.

Balanced Growth Drivers

Amadeus Fire continues to leverage its dual-segment model — Personnel Services and Training — to create synergies and stabilize performance:

- The staffing segment remains supported by ongoing demand for qualified finance and IT professionals, particularly in interim roles and permanent placements.

- The training business benefited from strong activity in corporate- and public-funded reskilling programs through its well-established brands, including Comcave, GFN, and Dr Endriss.

This combination provides Amadeus Fire with counter-cyclical stability — a key differentiator in a volatile economic climate.

Outlook Confirmed

Joerg Peters reaffirmed the company’s 2025 full-year forecast, supported by solid operational fundamentals and steady demand in its core markets.

While visibility remains limited in parts of the staffing segment, structural megatrends — such as demographic shifts and digital transformation — continue to underpin long-term demand for qualified personnel and training solutions.

Joerg Peters Concludes

“Amadeus Fire remains well positioned in a competitive environment thanks to our specialization, our strong client relationships, and the stability of our dual business model.

We focus on operational excellence and long-term value creation.”

▶️ Other videos:

Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/

Company Presentation: https://seat11a.com/investor-relations-company-presentation/

Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/

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