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Interviews

Hire me, Amadeus Fire. CEO Robert von Wülfing on the Q1 figures: ‘Working life will change’ - 14.5 percent drop in revenue, Interview "Stock Exchange Network" (German: "Börsen Radio Network") from 07 May 2025 (in German), Digital

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Permanent placement, interim management and training: that’s the Amadeus Fire Group. The German government also has new personnel, including possibly one or two skilled workers – in a country that is still suffering from a shortage of skilled labour. CEO and CFO Robert von Wülfing hopes that the economy’s reluctance to invest will come to an end. He also sees opportunities for his company in AI: ‘Working life will change. But I don’t believe that many roles and activities will disappear.’ Amadeus Fire uses digital technology for data processing and personalised training and recorded the peak of its IT investment cycle in 2024 with over €30 million. Q1 figures 2025: Revenue down 14.5 percent to 98.2 million, EBITA drop of around 70 percent to 4.3 million, earnings after tax of € 1.6 million.

Amadeus Fire AG Deep Dive Q&A | Margins, AI Strategy, Growth, M&A & Capital Allocation, Interview "seat 11a" with Jörg Peters from 12 Apr 2025, Digital

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Exclusive Insights from Jörg Peters

In this exclusive investor deep dive, Jörg Peters addresses the most commonly asked questions by financial analysts and institutional investors. The video in English explores the current performance, strategic direction, challenges in the Personnel Services and Training segments, and the long-term vision driving value creation of the Amadeus Fire Group.

FY2024 - ‘I believe in Amadeus Fire’ - CEO von Wülfing on the future, change in the HR market and opportunities in training, Interview "Stock Exchange Network" (German: "Börsen Radio Network") from 27 Mar 2025 (in German), Frankfurt/Main

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‘I consider myself a permanent fixture in turbulent times,’ says Amadeus Fire CEO Robert von Wülfing about his contract extension until 2030. His share purchase (400 shares) underlines his belief in the future of Amadeus Fire. The economic situation remains tight, but von Wülfing recognises an opportunity in specialisation: ‘The demand for special skills is driving temporary staffing. The company has adapted flexibly to the changes in the personnel market. Temporary staffing, permanent placement, interim management and training form the stable business model. Training in particular is growing strongly. ‘Our customers invest in future skills.’ Recruitment remains high-margin, interim management is gaining in importance. Despite a reduced dividend, the payout policy remains constant. Von Wülfing does not anticipate a strong upturn in 2025, but is focussing on new technologies. ‘We will remain active in order to be competitive.’ He is also keeping a close eye on political developments in the training sector.

Further interviews

Jörg Peters from Amadeus Fire AG: “Anticipatory recruitment and dismissal”, Interview "Stock Exchange Network" (German: "Börsen Radio Network") from 28 Oct 2024 (in German), EKF, Frankfurt/Main

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How good are the chances of finding a job in the current recession in Germany? ‘The situation is not as negative as the mood,’ says Jörg Peters from the temporary employment company Amadeus Fire AG. Banks, insurance companies, pharmaceuticals: Some sectors are even achieving top results. However, Amadeus Fire also has to recognise that there is no growth in placements in the commercial professions and IT sector this year. In the first nine months of 2024, Amadeus had a gross profit margin of 54.6 percent. Revenue at the end of September rose by 1.9% to € 337.7 million (previous year: € 331.5 million). EPS after 9 months was €4.79 after €5.67 in the previous year. ‘The Training segment has grown’ Otherwise, Peters is looking forward to the upcoming federal elections and a new government: ‘This change in mood is much more important than the actual facts. Because there will be anticipatory recruitment and dismissals.’