Amadeus Fire AG: Adjustment of the outlook for the 2025 financial year to the development of the year to date

The Management Board of the Amadeus Fire Group is adjusting the outlook for the 2025 financial year last published in the 2024 Annual Report to reflect the year to date.

After a weak second quarter, based on preliminary figures, the Amadeus Fire Group expects to close the first half of 2025 with revenue and earnings below its own expectations and forecast. There has been no stabilisation at a low level in personnel services and the negative trend in the number of participants in publicly funded training has increased.

Based on the preliminary key financial figures, the Amadeus Fire Group generated Group revenue of around € 186.6 million in the first half of 2025 (H1 2024: € 226.1 million) and Group operating EBITA* of around € 6.4 million (H1 2024: € 28.9 million).

The Management Board of the Amadeus Fire Group expects adjusted Group revenue in a range between € 355 million and € 385 million for the 2025 financial year (previously € 387 million to € 417 million). This corresponds to Group revenue in the range of around 15 percent below the previous year (€ 436.9 million in FY 2024). The Management Board currently expects to achieve Group operating EBITA* in the range of € 15 to 25 million for the full year 2025 (€ 55.5 million in FY 2024). This is significantly below the previous forecast of € 36 to 44 million.

As a result of the initially persistently challenging market situation in the segments in the second half of 2025, the Management Board sees a relatively broad potential earnings corridor in 2025. Positive market opportunities from economic recovery and budgetary certainty on the one hand, and an uncertain and opaque economic situation and additional structural adjustments in the event of continued weakness on the other, are the reasons for this.

* For a definition of the Amadeus Fire Group’s operating EBITA, see the first footnote on page 2 of the 2024 Annual Report.

Your contact persons

Jörg Peters

Head of Investor Relations

ir@amadeus-fire.de

+49 (0)69 96 87 61 80