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Amadeus FiRe AG, DE0005093108

Amadeus FiRe AG, DE0005093108

22.07.2021 - 07:05:08

Amadeus FiRe AG significantly increases growth forecast

AD HOC ANNOUNCEMENT ?

Frankfurt/Main, July 22, 2021.

Amadeus FiRe AG was able to close the first half of fiscal year 2021 with a very positive development. In both segments, Personnel Services and Training, the company found its way out of the crisis with a significant increase in revenue and earnings and has already clearly outperformed the pre-crisis level in 2019. In the first 6 months, consolidated sales rose by 30 percent to ?178.4 million and operating profit from business activities (operating EBITA) by 70 percent to ?29.5 million.

Based on last year's operating EBITA of ?41.1 million, the 2020 annual report forecasted growth in operating profit of a good 15 percent for 2021 as a whole, with improving business momentum from the middle of the year.

The Management Board is correcting this forecast and expects significantly more dynamic growth for 2021 as a whole. It is expected to increase the previous year's result by at least 50 percent. After ?29.5 million in the first half of the year, the ?60 million threshold for operating EBITA should be clearly exceeded for the year as a whole.

The basic assumption is that there will be no renewed economic disruptions as at the beginning of the 2020 pandemic.

Amadeus FiRe AGJan H. WesslingInvestor RelationsTel: +49 (69) 96 876-180Investor-Relations@Amadeus-FiRe.de

22-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Amadeus FiRe AG Hanauer Landstrasse 160 60314 Frankfurt am Main

Germany Phone: +49 (0)69 96876 - 180 Fax: +49 (0)69 96876 - 182 E-mail: investor-relations@amadeus-fire.de Internet: www.amadeus-fire.de ISIN: DE0005093108 WKN: 509310 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1220838 ? End of Announcement DGAP News Service

1220838??22-Jul-2021?CET/CEST

@ dgap.de