Amadeus Fire Group Lowers 2026 Guidance Amid Weak Demand
Amadeus Fire Group, headquartered in Frankfurt, announced on 3 August 2026 that it has revised its full‑year 2026 financial outlook downward. The company now expects total revenue of €350 million to €365 million for the year, which is roughly flat compared with the 2025 figure, and places the guidance at the lower end of the range disclosed in its 2025 annual report. Operating EBITA is projected to lie between €17 million and €23 million, representing an increase of 24 % to 68 % over the prior year.
For the first half of 2026, Amadeus Fire reported revenue of €171.7 million, an 8.0 % decline from €186.6 million in the same period of 2025. Operating gross profit fell 10.8 % to €85.9 million from €96.3 million. Operating EBITA dropped 45.8 % to €3.5 million, lowering the EBITA margin to 2.0 % from 3.4 %.
Segment‑level performance showed the Personnel Services division generating €90.4 million in revenue, down 17.6 % from €109.7 million a year earlier, with operating EBITA falling to €1.2 million from €5.7 million and the EBITA margin contracting to 1.4 % from 5.2 %. Conversely, the Training segment recorded revenue of €81.5 million, up 5.9 % from €76.9 million, and operating EBITA rose to €2.3 million from €0.7 million, improving the EBITA margin to 2.8 % from 0.9 %.
The company posted a net loss attributable to shareholders of €3.7 million for the first six months, compared with a profit of €0.7 million in the prior year, resulting in basic earnings per share of –€0.69 versus +€0.12 previously. Shareholders’ equity stood at €127.3 million as of 30 June 2026, a 2.8 % decrease from €130.9 million at the end of 2025, and the equity ratio slipped to 35.8 % from 36.5 %.
Amadeus Fire attributed the weakened performance to heightened uncertainty among customers following the Iran war and its associated economic consequences, noting that many companies adopted a more cautious stance toward permanent placement decisions during the second quarter. The firm expects revenue development to stabilise quarter‑by‑quarter in the second half of 2026, supported by a higher number of working days and improving profitability.