‘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.

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.’