Adjusted guidance of operating EBITA for full-year 2024

Frankfurt/Main, 18thOctober 2024: The growing pessimism in the German economy over recent months, along with the resulting hesitancy in placing orders, has had a noticeable impact on the Amadeus Fire Group’s results for the first nine months of 2024. The Management Board expects no market clarification for the rest of the year.

The Amadeus Fire Group achieved an operating EBITA* in the amount of 46.4 mill. € after nine months 2024 that is around 14.8 percent below the corresponding figure the year before as well as below the company’s expectations. The Management Board adjusts the guidance of the operating EBITA* for full-year 2024 to around 58 mill. € after the already adapted guidance at the half-year reporting 2024 to 64-70 mill. €.

* Definition operating EBITA at Amadeus Fire Group: Profit from operations before goodwill impairment and amortisation of intangible assets from the purchase price allocation / as well as before effects from the measurement of the purchase price liability of the non-controlling shareholders in Amadeus FiRe Weiterbildung Verwaltungs GmbH.