Quarterly statement three months 2024 At the end of the first quarter, the Group's operating EBITA was 24.3 percent below the previous year's excellent figures. The following calendrical effects had a negative impact on the results. In direct comparison to the previous year, there were two fewer working days available in the quarter. The first national Easter holiday week this year was also in the first quarter, with traditionally significantly lower business activities. Despite these effects, the operating EBITA of the training segment clearly exceeded the already very positive first quarter of the previous year. In contrast, the personnel services segment fell well short of the previous year's result. The training segment continues on its successful course. Revenues increased by 15.6 percent to € 43.2 million in the first quarter. Publicly funded training made a particular contribution, with revenue growth of a good 20 percent. Revenue in the private customer market increased slightly in the first quarter of 2024, while revenue development with corporate customers was slightly below the previous year's level, as expected. In the first three months of 2024, the personnel services segment was unable to match the previous year's quarter. This was due to the noticeable economic slowdown and a lower number of billable days. The early Easter date also had a negative impact on revenues and gross profit. With revenue of € 71.8 million, the previous year's figure was slightly missed by 2.8 percent. In general, demand for personnel services remains high due to the noticeable shortage of skilled labour. The customer enquiries recorded were roughly on a par with the previous year. However, the economic trend is leading to increased uncertainty in the recruitment processes for temporary staffing and permanent placement services and a decline in the actual willingness to hire on the part of client companies, as well as a decreasing willingness on the part of candidates to change jobs. As a result, there is a lower conversion rate of enquiries into orders. By the end of the first half of 2023, the organisation has been staffed for a next phase of growth and expansion. In 2024, the focus will be on increasing productivity and the associated improvement in the profit situation. For the remaining course of 2024, there is no general trend reversal to be expected in terms of economic development. A slight recovery is only expected to occur in the second half of the year. The dominant shortage of skilled labour continues to stand in the way of economic development. Nevertheless, the trend is still characterised by considerable insecurity. The Management Board confirms its growth forecast for the end of the 2023 financial year. Consolidated revenues in the first quarter slightly exceeded expectations. Overall, the The full report is published on our website under https://group.amadeus-fire.de/en/investor-relations/financial-reports/.
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Language: | English |
Company: | |
Hanauer Landstrasse 160 | |
60314 |
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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 |
EQS News ID: | 1886305 |
End of News |
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1886305 23.04.2024 CET/CEST