Ad-hoc | 21 January 2004 08:02

AMADEUS FIRE AG nine months results of fiscal year 2003/2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Frankfurt/Main, 21st of January 2004. After 9 months of the fiscal year the Group achieves consolidated sales revenues of KEUR 36.272 (prior year: KEUR 47.506), a decline of 23,6 per cent. Sales revenues after 9 months are below the plan for the reporting period. While the temporary staffing market shows first signs of recovery in the blue collar area, there is still a late cyclical decline in demand in the specialized staffing market, especially in finance & accounting. In the area of training seminars in accounting and tax the leading market position was enlarged by introducing new seminars and improving training courses. The gross profit margin gained 138 basis points, improving from 38,0 per cent to 39,4 per cent. In the 3rd quarter of fiscal year 2003/2004 the gross profit margin was improved by 220 basis points. The utilization rate in temporary staffing showed an expected seasonal decline in the 3rd quarter, but improved compared to prior year. At 31st of December 2003 the EBITA totals to KEUR 1.215 (prior year: KEUR 4.009), a reduction by 62,3 per cent. The EBITA margin after 9 months was 4,2 per cent compared to 8,4 per cent of prior year. In the 3rd quarter of fiscal year 2003/04 an EBITA margin of 2,1 per cent (prior year 3,6%) was achieved. The planned result for the first nine months was met. Despite the first signs of increase of demand in the blue collar area of the temporary staffing market a short term recovery in the specialized area is not foreseeable. The general economic situation in Germany as well as the investing activities of the companies will not improve remarkably during the current quarter. Due to the expected flat demand in the 4th quarter compared to the previous quarter the management revises the EBITA projections for the current fiscal year to approx. EUR 2,2 Mio. The current 9 months report is available for download on the AMADEUS FIRE homepage www.amadeus-fire.com. AMADEUS FIRE AG Thomas Weider Investor Relations,Tel: +49 (69) 96 876-180 investor-relations@amadeus-fire.de end of ad-hoc-announcement (c)DGAP 21.01.2004 ——————————————————————————– WKN: 509310; ISIN: DE0005093108; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart 210802 Jän 04