Germany · Delayed Price · Currency is EUR Amadeus FiRe AG Earnings Call Transcripts
Fiscal Year 2026
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German market weakness in 2025 led to lower revenues and a net loss, with no dividend proposed. 2026 guidance targets modest revenue growth and a significant earnings rebound, driven by cost management and AI-focused training expansion. Recent acquisitions are being integrated, with initial cross-selling underway.
Fiscal Year 2025
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FY2025 saw a sharp decline in revenue and profitability due to economic stagnation, restructuring, and weak demand in both staffing and training. Outlook for 2026 targets stabilization and growth, especially in training and AI-driven services, with no further restructuring planned.
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2025 saw a 17% revenue decline and lower profitability due to weak German economic conditions, restructuring costs, and subdued demand in both staffing and training. Digital B2B training acquisitions expand future potential, while cost controls and credit flexibility support stability.
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Revenues and earnings declined sharply year-over-year due to ongoing economic stagnation in Germany, with significant restructuring in the training segment and a strategic acquisition to boost B2B training. Outlook remains cautious for 2025, with improvement expected in 2026.
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Operating EBITDA guidance cut to €20M as both staffing and training segments face sharp declines, with no recovery expected in 2025. Cost-saving measures and digital investments continue, while dividend policy is maintained for now.
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Q1 2025 saw a 14.5% revenue decline and a sharp drop in profitability amid a stagnant German economy. Management maintains full-year guidance, expecting improvements in Training and stable Personnel Services, supported by cost controls and technology investments.
Fiscal Year 2024
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Operating margins stayed strong at 12.7% despite a tough German economy, with earnings per share down to €6.01 and a one-off tax hit. 2025 is expected to remain challenging, with revenue slightly above €400 million and a 28% drop in operating result forecast.
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2024 saw stable revenues but a sharp decline in profitability due to weak demand in staffing, while training provided stability. The outlook for 2025 remains cautious amid ongoing economic stagnation, with continued investment in IT and a focus on M&A in training.