Amadeus Fire AG: management transactions · Germany · BaFin

About Amadeus Fire AG

Amadeus Fire AG is a German listed business-services group traded on Xetra/Frankfurt (DAX/MDAX/SDAX) and operating within Germany’s regulatory framework, including MAR Article 19 director-dealing disclosures to BaFin. The company is headquartered in Frankfurt am Main, Germany, and operates exclusively in Germany. Over more than 35 years, it has built a strong reputation as a specialist provider of personnel services and professional training, giving it a niche but well-recognised position in the German labour-market ecosystem. The Group is organised around two core business segments: Personnel Services and Training. In Personnel Services, Amadeus Fire focuses on specialised temporary staffing, permanent placement, and interim/project management, primarily for commercial, finance and IT profiles. The business model is designed to match qualified candidates with client vacancies quickly and accurately, which is particularly relevant in a market where skilled labour remains structurally scarce, even when corporate hiring appetite is weak. In Training, the Group provides continuing education and retraining across commercial and IT disciplines, with offerings spanning publicly funded training (B2G), corporate training (B2B) and private-individual training (B2C). This combination creates strategic optionality: recruitment services address immediate staffing needs, while training services support longer-term workforce upskilling and employability. Amadeus Fire’s competitive positioning stems from its specialised focus, nationwide footprint, and the synergies between recruitment and training. The Group reports a broad network of locations across Germany and uses multiple brands and subsidiaries to cover different learner and client segments. In its 2024 annual report, the company stated that it generated revenue of €436.9 million in 2024, with Personnel Services contributing €268.7 million. Management also noted that the market environment in Germany remained challenging, marked by economic uncertainty and restrained corporate hiring. More recent corporate news shows a strategic push into digital B2B learning: in September 2025, Amadeus Fire acquired Masterplan, a SaaS-based e-learning platform, and later announced the acquisition of eduBITES, strengthening its digital and AI-related training capabilities. In early 2026, the Group reported a positive start to the year and reiterated confidence in its 2026 outlook, highlighting expected recovery momentum in Germany and further development of its digital training platform. For investors, Amadeus Fire is best viewed as a specialised German workforce-services and training platform with defensive elements, cyclical sensitivity, and clear exposure to the long-term need for upskilling and labour-market matching.