FRANKFURT (dpa-AFX) - Personnel services provider Amadeus Fire continued to grow in the first quarter of the new fiscal year. Above all, the training business exceeded last year's weak results, the group announced in Frankfurt on Tuesday. The personnel services segment showed stable development. Demand for labor has weakened somewhat, it said. Nevertheless, demand remains at a high level, it added.

Sales increased by 8 percent to 111.1 million euros in the first quarter of the year. Adjusted operating profit (Ebita) improved by 8.2 percent to 19.1 million. The bottom line was 11.9 million euros, an increase of 11.8 percent compared to the previous year.

Management confirmed its forecast for the current year. Sales are expected to increase from around 407 million to 440 to 470 million euros in 2023. Amadeus Fire sees earnings before interest, taxes and goodwill amortization (Ebita) adjusted for special effects at 73 to 79 million euros./knd/jha/