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Amadeus Fire Group FY Profit Down; Extends CEO Wülfing's Contract By Five Years

The Amadeus Fire Group reported that its net profit attributable to shareholders for fiscal year 2024 declined to 32.6 million euros from the previous year's 40.4 million euros. Undiluted earnings per share were 6.01 euros, compared to 7.12euros in the previous year.

Operating result after income tax was 36.8 million euros in 2024 compared to the 48.9 million euros in the prior year.

Annual revenue was 436.9 million euros represents a slight decrease of 1.2 percent from the previous year's 442.4 million euros.

The company also announced the extension of Chief Executive Officer Robert von Wülfing's contract for an additional five years, spanning 1 January 2026 to 31 December 2030. He has been a member of the company's Management Board since 1 November 2012 and Chief Executive Officer of the Amadeus Fire Group since 1 January 2019.

The Management Board and Supervisory Board propose to the Annual General Meeting to once again distribute approximately two-thirds (around 67 percent) of the net income attributable shareholders as a cash dividend of 4.03 euros per share. The remaining one-third shall be carried forward and retained for further growth investments within the Group.

The Amadeus Fire Group said it does not anticipate a significant improvement in economic conditions in 2025, nor a rapid recovery in the market environment. However, medium-term prospects remain positive due to the ongoing shortage of skilled professionals, the demographic shift, and the increasing demand for professional qualifications in a dynamically evolving labour market. Nonetheless, 2025 will remain a challenging financial year.

The Amadeus Fire Group expects revenue in the financial year 2025 in a range of 387 million euros - 417 million euros.

The operating EBITA in the financial year 2025 is expected in a range of 36 million euros - 44 million euros, with an operating EBITA margin on an averaged value of around ten percent.

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by RTTNews Staff Writer

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