FRANKFURT (dpa-AFX) - The personnel services provider Amadeus Fire has continued its growth course from the first quarter. In particular, the training business performed significantly better in the first six months of the current fiscal year than a year earlier. The Personnel Services segment remained stable. Demand from companies for specialists and managers was at a good level overall, the company announced in Frankfurt on Tuesday. The Executive Board confirmed the earnings target for the full year 2023.

However, things did not look good for the stock on Tuesday: The stock temporarily fell to its lowest level since November. Most recently, the price loss was still a good four percent to 107.60 euros - making the stock the second weakest in the SDax.

Sales rose by 7.8 percent to 216.7 million euros in the first half of the year. The company benefited from strong demand for training measures. Revenue from Comcave, GFN and the companies of Steuer-Fachschule Dr. Endriss rose by a quarter. The Personnel Services segment, on the other hand, grew only slightly. While the permanent placement business achieved significant growth, sales of temporary staffing and interim management services declined slightly.

Earnings before interest, taxes and goodwill amortization (Ebita), adjusted for non-recurring effects, improved by 10.3 percent to 32.9 million euros. The bottom line was 19.9 million euros, compared with 16.6 million a year earlier.

Management confirmed its profit forecast for the current year. Accordingly, Amadeus Fire continues to see adjusted operating profit at 73 to 79 million euros. A year earlier, the company had reported 68 million./mne/mis/jha/