Amadeus FiRe stock falls 1.27 percent as guidance stays lower

Amadeus FiRe (ISIN DE0005093108) stock was trading at EUR 16.38 at Lang & Schwarz on September 29, 2026 at 3:16 p.m. CEST, down 1.27 percent from the prior close of EUR 16.59. The central issue remains the company guidance cut announced with the half-year update, which places the staffing specialist under pressure while its training business provides a counterweight.

2026 guidance falls to EUR 17 million

In the Q2 earnings call on August 4, 2026, Yahoo Finance reported that Amadeus FiRe lowered its 2026 revenue guidance to EUR 350 million-EUR 365 million from EUR 362 million-EUR 394 million. Operating EBITA guidance was reduced to EUR 17 million-EUR 23 million from EUR 20 million-EUR 31 million.

The revised outlook shifts the investment debate from short-term staffing demand toward execution in the second half. Management expects revenue and earnings growth to come primarily from training, while Personnel Services remains below the prior-year level, according to the same August 4, 2026 earnings-call disclosure from Yahoo Finance.

First-half revenue falls 8 percent

The first-half 2026 figures show the pressure clearly. Yahoo Finance reported group revenue of EUR 171.7 million, down 8 percent year over year, while operating EBITA fell to EUR 3.5 million from EUR 6.4 million. Amadeus FiRe posted a net loss of EUR 3.6 million, compared with net income of EUR 4.7 million in the prior-year period.

The segments moved in opposite directions. Personnel Services revenue declined 17.6 percent to EUR 90.4 million, while Training revenue rose 6 percent to EUR 81.5 million and operating EBITA improved to EUR 2.3 million from a EUR 0.5 million loss, based on the August 4, 2026 figures reported by Yahoo Finance. That split makes the training division the measurable earnings stabilizer, but it has not yet offset the weakness in recruitment and staffing.

Stock remains near its yearly low

The market context is demanding. Fintel reported on September 2, 2026, that the average analyst target had fallen 14.16 percent to EUR 61.17 from EUR 71.26 on August 3, 2026, while its cited September 1 closing price was EUR 20.50. The next scheduled checkpoint is the Q3 and nine-month report on November 2, 2026, with the conference call listed for November 3, 2026, according to FinanzNachrichten. At Lang & Schwarz, the September 29 intraday quote of EUR 16.38 was EUR 0.21 below the prior close.

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