Amadeus Fire AG Financial Results H1 2026 | Staffing, Training & Outlook
Investor Snapshot
- COMPANY
- Amadeus Fire AG
- FORMAT
- Financial Results
- SPEAKER
- Joerg Peters
- ROLE
- Head of Investor Relations
- DURATION
- 18:09
- PUBLISHED
- August 2026
- LANGUAGE
- English
In 60 Seconds
Amadeus Fire AG H1 2026: 60-Second Summary
Amadeus Fire AG reported a challenging first half of 2026 as Germany’s weak economy continued to weigh on hiring and recruitment activity. Group revenue declined 8% year over year to €171.7 million, while operating EBITA fell to €3.5 million and net income was -€3.6 million.
The Personnel Services segment remained under pressure, with cautious corporate hiring, weaker permanent placement demand, and seasonal factors impacting profitability. In contrast, the Training segment delivered resilient growth, supported by strong demand for vocational education, public training programmes, corporate learning, and contributions from recent acquisitions.
A key strategic focus is the company’s AI First initiative. Amadeus Fire is embedding AI across recruitment, training, knowledge management, onboarding, and learning platforms to improve productivity, enhance customer experience, and expand scalable digital education solutions.
Reflecting the softer second quarter, management lowered its FY2026 outlook, now expecting revenue of €350–365 million and operating EBITA of €17–23 million. Despite near-term headwinds, the company remains focused on cost discipline, digital transformation, and AI-driven innovation, while positioning itself to benefit from Germany’s long-term shortage of skilled labour.
August 4, 2026
18:09 
Amadeus Fire AG H1 2026: Key Takeaways
In this financial results presentation on seat11a, Jörg Peters, Head of Investor Relations at Amadeus Fire AG, presents the company’s Q2 and First Half 2026 Financial Results and discusses developments across its Personnel Services and Training segments.
Q2 and First Half 2026 Financial Performance
The first half of 2026 remained challenging for Amadeus Fire as Germany’s weak economic environment continued to impact recruitment activity and corporate hiring decisions. Group revenue declined by 8.0% to €171.7 million, while operating EBITA decreased to €3.5 million and net income amounted to €-3.6 million. Personnel Services continued to face weaker demand, particularly in permanent placement, while the Training segment once again demonstrated resilience through higher revenues and improved profitability.
Personnel Services and Training Segment Developments
Within Personnel Services, companies remained cautious regarding recruitment due to economic uncertainty, delayed investment decisions, and a weaker labour market. Seasonal effects and lower permanent placement activity further affected profitability during the second quarter. At the same time, the Training segment benefited from continued demand for vocational education, public training programmes, and corporate learning solutions, with acquisitions contributing additional revenue growth.
AI First Strategy and Digital Transformation
A central topic of the presentation is the company’s strategic AI First approach. Amadeus Fire continues to integrate artificial intelligence into recruitment, training, knowledge management, onboarding, and corporate learning through AI-powered platforms, Agentic AI services, and scalable SaaS solutions. Management sees AI as an important driver for increasing productivity, strengthening customer relationships, and expanding digital education offerings.
Updated FY 2026 Guidance and Long-Term Positioning
Following the weaker second quarter, management revised its FY 2026 guidance and now expects revenue between €350 million and €365 million and operating EBITA between €17 million and €23 million. The company continues to focus on productivity improvements, cost discipline, digital transformation, and AI-supported solutions while positioning itself to benefit from Germany’s long-term structural shortage of skilled labour.
- Development of the real Gross Domestic Product (GDP)
- Highlights at a glance of Q2/2026
- Business development – First half 2026
- Personnel Services
segment - Business development – First half 2026
- Training segment
- Delimitation of training markets
- Business development – First half 2026
- Business model &
Outlook 2026e - People always come first
- Outlook FY 2026e
- Business development – Adjusted Outlook FY 2026e
Robert von Wuelfing
CEO | Amadeus Fire AG
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