Amadeus Fire Group Shows Resilience Amidst Economic Challenges

In 2025, Amadeus Fire Group faced a difficult economic landscape, yet aligned its revenue and operating EBITA with set guidance. The German market, marked by structural and economic malaise, experienced stagnation and low growth, impacting investor confidence and expansion plans. Companies hesitated on hiring due to ongoing uncertainties.

Despite the persistent skilled labor shortage, the Personnel Services segment struggled, with candidates prioritizing job stability over change. This led to a revenue decline compared to the previous year. Similarly, the Training segment saw reduced revenue, influenced by changes in public funding and economic cautiousness.

Strategic acquisitions late in the year, including Masterplan.com GmbH and eduBITES GmbH, aimed to boost the Group's digital B2B training offerings. Nevertheless, the financial impact was limited due to their late-year consolidation. Revenue decreased to approximately €364 million, while operating EBITA fell to €14 million, reflecting restructuring expenses and investments in digital transformation.