Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Amadeus Fire AG is a leading German provider of specialized personnel services and professional training, operating for over 35 years in the commercial and IT sectors. Its core activities encompass specialised temporary staffing, permanent placement, IT freelancing, interim and project management, serving candidates from career starters to executives and clients ranging from medium-sized businesses to DAX-listed corporations. Headquartered in Frankfurt/Main, the company maintains 22 branches across Germany, ensuring deep local market insight. Through subsidiaries like Masterplan for e-learning, Steuer-Fachschule Dr. Endriss for taxation and accounting training, COMCAVE.COLLEGE for publicly funded retraining in IT and business, and GFN GmbH for IT-focused vocational programs, Amadeus Fire AG delivers an integrated portfolio of recruitment and education services. With approximately 3,690 group employees as of March 2025 and 2024 revenue of €436.9 million, it plays a pivotal role in bridging talent gaps and fostering workforce development in Germany's dynamic labor market.
Operating margin is thin at 2.80%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 16.8% YoY. Margins deteriorated 9.7pp alongside, both lines moving the wrong way.
Free cash flow declined 62% versus the prior year, cash generation momentum has weakened. ROIC dropped from 17.72% to 3.16%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€355M
▼ -16.8% YoY
Net Income (TTM)
€335K
▼ -94.2% YoY
Op. Margin
2.33%
▼ -9.7pp YoY
ROIC
3.16%
▼ -14.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€16M
▼ -62.0% YoY
Op. Cash Flow (TTM)
€16M
▼ -62.0% YoY
Net Debt
€59M
Cash & Equiv.
€4M
3Y CAGR: -3.7%
3Y CAGR: -39.3%
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