Ad-hoc | 2 April 2001 21:23
Ad hoc-Service: Amadeus AG
english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Amadeus AG invests in Executive Search
Participation in Föhr Human Resources Personalberatung GmbH
Frankfurt/Main, 2nd of April 2001. Amadeus AG Human Resource Services and
Solution Provider agrees a 75% participation in Föhr Human Resources
Personalberatung GmbH (FHR) in Frankfurt/Main and expands its services into the
area of Executive Search. The arising goodwill of the participation will be
approx. Euro 1.4 Million. In fiscal year 2001/02 FHR is expected to generate
sales of Euro 2 Million with an EBIT margin of approx. 20%. Besides the
location in Frankfurt FHR will open offices in Munich and Cologne/Dusseldorf
during the current fiscal year 2001/02.
By this strategic participation the Amadeus Group extends its unique
positioning in the market to be a highly specialised human resource services
and solution provider with a complete value chain.
Since 10 years FHR is specialised in Executive Search with a focus on Finance
and IT. As a member of the Amadeus Group FHR continues to operate under their
own brand. The founder and managing director Walter Föhr continues to manage
the company supported by his professional team.
In addition to Executive Search FHR will be able to offer the high qualified
Interim Managers of the Amadeus Group to their clients to solve short-term
managerial bottlenecks. Furthermore FHR will use the excellent customer and
candidate relations of the Amadeus branch network currently at 15 locations
nationwide.
Including the participation in FHR the sales forecast of Amadeus Group
increases to Euro 70 Million for fiscal year 2001/02.
Contact: Robert v. Wuelfing, Investor Relations
Tel: +49 (69) 96 876-180, Investor-Relations@AmadeusAG.de
Mail Address: Amadeus AG, Stresemannallee 30, 60596 Frankfurt/Main, Germany
end of ad hoc announcement, (c) DGAP 02.04.2001
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WKN: 509310; Index: SMAX
Listed: Amtlich Handel in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
München und Stuttgart
022123 Apr 01