The personnel service provider Amadeus Fire strokes his business goals for the current year after a weak second quarter.
In the 2025, the company only expects 355 to 385 million euros, as it said on Wednesday evening. Previously, Amadeus Fire had expected 387 to 417 million euros. In the previous year, the proceeds were 436.9 million euros.
The company sees the operational group result before interest, taxes and depreciation (EBITA) only at 15 to 25 million euros. So far, Amadeus Fire had assumed 36 to 44 million euros after 55.5 million euros in the previous year.
In the first half of the year, sales decreased by almost a fifth to 186.6 million euros. The EBITA shrank by almost four fifths to 6.4 euros. Stabilization at a low level in personnel service has not occurred and the negative trend of the number of participants in funded further training had increased, it was said as an explanation.
Amadeus Fire go on a descent after a forecasting
After a forecasting, Amadeus Fire’s shares broke out of their months sideways trend on Thursday. The personnel service providers’ papers were bent by up to 15 percent in early trade and had reached the lowest level since 2016 at 65 euros.
Finally, the paper was still 11.63 percent down to 67.60 euros via Xetra. This included the shares in the weakest in the less moving small -scale index SDAX.
Amadeus Fire had put together his business goals for the current year after a weak second quarter. In the first half of the year, sales fell by almost a fifth. The operational result shrank by almost four fifths.
Stabilization at a low level in personnel service has not occurred and the negative trend of the number of participants in funded further training had increased, it was said as an explanation. Companies currently acted noticeably when filling new or open positions. It is also increasingly worse in temporary work. The urgency of filling a vacant position again is significantly weaker in times of economic uncertainty.
The forecasting reflects the persistent weakness in the industry of personnel service providers, analyst Andreas Wolf von Warburg Research wrote. The job index of the Federal Employment Agency and Disappointing Business figures from competitors such as Pagegroup and Hays recently had also created this. The latter primarily referred to the low trust of companies and applicants in view of the ongoing macroeconomic uncertainty and the expectation of a decline in placement fees in Germany this year.
Analyst Thomas Wissler from MWB Research spoke of one of the weakest quarterly results of Amadeus Fire in recent years. These reflected the reluctance of customers when hiring personnel, falling placement rates and delays in publicly financed training programs due to a lack of budget.
With the course slip on Thursday, the chart picture also clouded significantly. The stocks of Amadeus Fire are now significantly noted among all important short, medium and long-term average lines, on which the course has been based since the beginning of the Monday.
Frankfurt (dpa-Afx)
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