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Amadeus Fire

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uuid0026xo9

Namestring
Amadeus Fire
Legal namestring
Amadeus Fire AG
Websiteurl
amadeus-fire.de
Company typeenum
Public
Founded yearint
1986
Descriptiontext

Amadeus Fire AG is a Frankfurt am Main-based personnel services provider founded in 1986 and structured as a public stock corporation (Aktiengesellschaft) listed on the German stock exchange. The company operates four core service lines: permanent placement (Personalvermittlung), temporary staffing (Zeitarbeit), IT freelancing, and interim and project management. It serves 24,000+ client companies and places approximately 10,000 candidates per year, with a national German footprint anchored by 22 branch offices and a 35+ year operating history.

The company's technology stack consists of a web-based recruitment platform with Progressive Web App (PWA) capabilities, configured with Microsoft Clarity for user behavior analytics, Piwik PRO for privacy-compliant tracking, and Usercentrics CMP for consent management. Compliance posture includes ISO 9001, ISO 27001, TÜV certification, and GDPR compliance. Beyond core recruitment, the platform hosts a job search portal, salary comparison tool, career tips blog, and an annual IT Gehaltsreport produced in partnership with Gehaltsreporter. Brand equity is demonstrated by a 94.2% candidate recommendation rate in the 2025 internal survey, a 4.5/5 Kununu rating across 9,000+ reviews, and Kununu Top Company recognition for five consecutive years (2022–2026).

The business model monetizes through placement and search fees on permanent placements, hourly/daily margins on temporary staffing and freelance engagements, and adjacencies such as training partnerships (eduBITES) and content-led candidate acquisition. The customer base is highly distributed across SMB and enterprise German firms, with no disclosed enterprise anchors or segment concentration. Strategic positioning is built around local branch presence, established brand reputation, and a content plus data layer (salary benchmarking) that supports both inbound marketing and pricing decisions.

Short descriptiontext

Amadeus Fire AG is a German personnel services provider operating 22 branches nationwide, offering permanent placement, temporary staffing, IT freelancing, and interim management services to 24,000+ client companies and placing approximately 10,000 candidates annually.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersFrankfurt, Germany
HQ citystring
Frankfurt
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices22 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
temporary staffing services, permanent placement, IT freelance placement, interim management, recruitment services
Product category
Staffing Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Personalvermittlung (Permanent Placement)
TypeTransaction Fee
Description

Fee-based placement of candidates in permanent positions at client companies. Amadeus Fire matches qualified candidates with employer positions in finance, accounting, IT and commercial functions and receives a placement fee upon successful hire.

amadeus-fire.de
2Zeitarbeit (Temporary Staffing)
TypeSubscription Recurring
Description

Provision of temporary workers to client companies for up to 18 months. Amadeus Fire acts as the employer of record, billing client companies for worker hours at negotiated rates while handling payroll, benefits and compliance.

amadeus-fire.de
3IT-Freelancing
TypeTransaction Fee
Description

Matching of independent IT freelancers with companies seeking specific project expertise. Amadeus Fire facilitates the connection between freelance professionals and client organizations.

amadeus-fire.de
4Interim & Projektmanagement
TypeTransaction Fee
Description

Placement of self-employed interim managers and project managers for temporary executive and leadership roles at client companies.

amadeus-fire.de
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details2 tiers
1Free placement services for job seekers
ModelFreemiumBilling cadenceOthers
Notes

Job seekers pay nothing - placement services including resume submission, job matching, and application support are completely free

amadeus-fire.de
2Custom quotes for employer staffing solutions
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing for employers is project-specific and quote-based, depending on the type of service (permanent placement, temporary staffing, IT freelancing, interim management), position seniority, and contract duration

amadeus-fire.de
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Amadeus Fire is a German personnel services company that provides permanent placement of specialists and executives, temporary staffing (Zeitarbeit) for commercial, financial, and IT roles, IT freelance placement, and interim/project management. The company primarily serves corporate clients in Germany while also offering free job seeker tools via its online platform and mobile apps.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • ~10,000 candidates placed annually at companies across Germany
+3 more records
Product overview1 text field

Amadeus Fire is a staffing and recruitment services company offering a portfolio of human resources solutions. The core services include Personalvermittlung (permanent placement), Zeitarbeit (temporary staffing), IT-Freelancing, and Interim & Projektmanagement. These services are complemented by digital products including a job search portal, a salary comparison tool (Gehaltsvergleich), and an annual IT salary report (Gehaltsreport IT). The company also provides career advice content through its Karriere Tipps blog and professional training via eduBITES. All services focus on the commercial and IT sectors in Germany.

Product and service4 records
1Permanent Placement (Personalvermittlung)
CategoryPermanent Recruitment
Description

Recruitment of specialists and executives for permanent roles in finance, accounting, IT, and commercial functions, primarily for German corporate clients. Revenue is generated via placement fees paid by the hiring company.

2Temporary Staffing (Zeitarbeit)
CategoryTemporary Staffing
Description

Hiring out of temporary employees (Arbeitnehmerüberlassung) to corporate clients in commercial, financial, and IT roles, billed at hourly rates that include the personnel service margin. Used by clients to flex workforce capacity and cover peaks in demand.

3IT Freelance Placement
CategoryIT Freelance Staffing
Description

Placement of self-employed IT specialists and project consultants on freelance contracts for corporate clients, typically on time-and-materials project mandates in Germany.

4Interim & Project Management
CategoryInterim Management
Description

Provision of interim managers and project managers for time-limited corporate assignments, such as transformation, restructuring, or change-of-management situations, typically targeting finance, IT, or general management roles.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeTechnology or Integration
Description

Gehaltsreporter GmbH provides salary comparison functionality integrated into Amadeus Fire's website. The partnership enables job seekers to compare their salaries against market rates using Gehaltsreporter's aggregated statistical salary database, helping candidates assess their market value and supporting Amadeus Fire's candidate attraction strategy.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Amadeus Fire Group has partnered with eduBITES to provide continuing education and professional development content (labeled eduBITES/Amadeus Fire Group), expanding service offerings into training and upskilling for HR professionals and companies.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Germany's leading IT freelancer placement platform (part of Randstad). Direct competitor in the IT-Freelancing segment that Amadeus Fire serves, with a more digital/marketplace-driven model.

TypeDirect peer
Description

German-headquartered specialist staffing firm with concentrated expertise in IT, engineering, and project-based placements. Competes with Amadeus Fire especially in IT freelancing and interim/project management.

TypeDirect peer
Description

UK-based specialist recruitment group (Page Personnel, Michael Page) with significant German operations. Competes in professional permanent and interim placements across finance, HR, IT, and commercial functions.

TypeBroad incumbent
Description

German subsidiary of global staffing firm ManpowerGroup. Competes in temporary and permanent staffing with a broader industry focus than Amadeus Fire's specialized commercial/IT niche.

TypeBroad incumbent
Description

German arm of global staffing leader Randstad. Competes across multiple staffing verticals in Germany but with broader portfolio exposure including industrial, healthcare, and administrative segments.

TypeDirect peer
Description

UK-headquartered professional staffing firm with a substantial German operation. Overlapping focus on IT, finance, and commercial permanent and contract placements makes Hays a direct competitor in the German market.

TypeDirect peer
Description

A leading German staffing firm specializing in commercial, IT, and engineering temporary and permanent placement. Closely comparable in geographic focus (Germany), service portfolio, and candidate segment to Amadeus Fire.

TypeBroad incumbent
Description

German arm of global staffing firm Adecco. Operates across multiple staffing verticals in Germany; broader portfolio than Amadeus Fire but overlaps in commercial and IT temporary staffing.

TypeDirect peer
Description

Global specialist staffing firm with a strong German presence focused on finance, accounting, IT, and administrative roles. Directly competes with Amadeus Fire in the same specialized verticals.

TypeRegional player
Description

While geographically UK-focused, Hays is a global peer offering similar specialized professional staffing services. Comparable in business model and verticals but does not directly compete in the German market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Amadeus Fire

Staffing Servicesamadeus-fire.de

Amadeus Fire AG is a German personnel services provider operating 22 branches nationwide, offering permanent placement, temporary staffing, IT freelancing, and interim management services to 24,000+ client companies and placing approximately 10,000 candidates annually.

What Amadeus Fire does

Amadeus Fire AG is a Frankfurt am Main-based personnel services provider founded in 1986 and structured as a public stock corporation (Aktiengesellschaft) listed on the German stock exchange. The company operates four core service lines: permanent placement (Personalvermittlung), temporary staffing (Zeitarbeit), IT freelancing, and interim and project management. It serves 24,000+ client companies and places approximately 10,000 candidates per year, with a national German footprint anchored by 22 branch offices and a 35+ year operating history.

The company's technology stack consists of a web-based recruitment platform with Progressive Web App (PWA) capabilities, configured with Microsoft Clarity for user behavior analytics, Piwik PRO for privacy-compliant tracking, and Usercentrics CMP for consent management. Compliance posture includes ISO 9001, ISO 27001, TÜV certification, and GDPR compliance. Beyond core recruitment, the platform hosts a job search portal, salary comparison tool, career tips blog, and an annual IT Gehaltsreport produced in partnership with Gehaltsreporter. Brand equity is demonstrated by a 94.2% candidate recommendation rate in the 2025 internal survey, a 4.5/5 Kununu rating across 9,000+ reviews, and Kununu Top Company recognition for five consecutive years (2022–2026).

The business model monetizes through placement and search fees on permanent placements, hourly/daily margins on temporary staffing and freelance engagements, and adjacencies such as training partnerships (eduBITES) and content-led candidate acquisition. The customer base is highly distributed across SMB and enterprise German firms, with no disclosed enterprise anchors or segment concentration. Strategic positioning is built around local branch presence, established brand reputation, and a content plus data layer (salary benchmarking) that supports both inbound marketing and pricing decisions.

Amadeus Fire firmographics

Firmographics
Name
Amadeus Fire
Legal name
Amadeus Fire AG
Website
https://amadeus-fire.de
Company type
Public
Founded year
1986
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Amadeus Fire AG is a German personnel services provider operating 22 branches nationwide, offering permanent placement, temporary staffing, IT freelancing, and interim management services to 24,000+ client companies and placing approximately 10,000 candidates annually.
Ownership category
akta.pro rank

Where Amadeus Fire is headquartered

Location

Headquarters

HQ city
Frankfurt
HQ country
Germany
HQ region
Europe

Offices22 records

Markets served

Amadeus Fire business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Personalvermittlung (Permanent Placement): Fee-based placement of candidates in permanent positions at client companies. Amadeus Fire matches qualified candidates with employer positions in finance, accounting, IT and commercial functions and receives a placement fee upon successful hire.
  2. Zeitarbeit (Temporary Staffing): Provision of temporary workers to client companies for up to 18 months. Amadeus Fire acts as the employer of record, billing client companies for worker hours at negotiated rates while handling payroll, benefits and compliance.
  3. IT-Freelancing: Matching of independent IT freelancers with companies seeking specific project expertise. Amadeus Fire facilitates the connection between freelance professionals and client organizations.
  4. Interim & Projektmanagement: Placement of self-employed interim managers and project managers for temporary executive and leadership roles at client companies.

Pricing tiers

ModelBillingPrice
FreemiumOthersFree placement services for job seekers
OtherMulti-year contractCustom quotes for employer staffing solutions

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Amadeus Fire product offering

Product offering

Core offering

Amadeus Fire is a German personnel services company that provides permanent placement of specialists and executives, temporary staffing (Zeitarbeit) for commercial, financial, and IT roles, IT freelance placement, and interim/project management. The company primarily serves corporate clients in Germany while also offering free job seeker tools via its online platform and mobile apps.

Product overview

Amadeus Fire is a staffing and recruitment services company offering a portfolio of human resources solutions. The core services include Personalvermittlung (permanent placement), Zeitarbeit (temporary staffing), IT-Freelancing, and Interim & Projektmanagement. These services are complemented by digital products including a job search portal, a salary comparison tool (Gehaltsvergleich), and an annual IT salary report (Gehaltsreport IT). The company also provides career advice content through its Karriere Tipps blog and professional training via eduBITES. All services focus on the commercial and IT sectors in Germany.

Differentiator

Problem solved

Functional benefit

Products and services

  • Permanent Placement (Personalvermittlung) Recruitment of specialists and executives for permanent roles in finance, accounting, IT, and commercial functions, primarily for German corporate clients. Revenue is generated via placement fees paid by the hiring company.
  • Temporary Staffing (Zeitarbeit) Hiring out of temporary employees (Arbeitnehmerüberlassung) to corporate clients in commercial, financial, and IT roles, billed at hourly rates that include the personnel service margin. Used by clients to flex workforce capacity and cover peaks in demand.
  • IT Freelance Placement Placement of self-employed IT specialists and project consultants on freelance contracts for corporate clients, typically on time-and-materials project mandates in Germany.
  • Interim & Project Management Provision of interim managers and project managers for time-limited corporate assignments, such as transformation, restructuring, or change-of-management situations, typically targeting finance, IT, or general management roles.

Quantifiable outcome

  • ~10,000 candidates placed annually at companies across Germany
  • +3 more outcomes

Companies that use Amadeus Fire

Customer profile

Named customers12 records

Segments4 records

Ideal customer profiles2 records

Amadeus Fire technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Amadeus Fire partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • GehaltsreportercoreTechnology or IntegrationGehaltsreporter GmbH provides salary comparison functionality integrated into Amadeus Fire's website. The partnership enables job seekers to compare their salaries against market rates using Gehaltsreporter's aggregated statistical salary database, helping candidates assess their market value and supporting Amadeus Fire's candidate attraction strategy.
  • eduBITESminorStrategic or Co-development PartnerAmadeus Fire Group has partnered with eduBITES to provide continuing education and professional development content (labeled eduBITES/Amadeus Fire Group), expanding service offerings into training and upskilling for HR professionals and companies.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Amadeus Fire competitors and assessment

Company assessment

Direct peers

  • GULP: Germany's leading IT freelancer placement platform (part of Randstad). Direct competitor in the IT-Freelancing segment that Amadeus Fire serves, with a more digital/marketplace-driven model.
  • Brunel: German-headquartered specialist staffing firm with concentrated expertise in IT, engineering, and project-based placements. Competes with Amadeus Fire especially in IT freelancing and interim/project management.
  • PageGroup: UK-based specialist recruitment group (Page Personnel, Michael Page) with significant German operations. Competes in professional permanent and interim placements across finance, HR, IT, and commercial functions.
  • Hays: UK-headquartered professional staffing firm with a substantial German operation. Overlapping focus on IT, finance, and commercial permanent and contract placements makes Hays a direct competitor in the German market.
  • DIS AG: A leading German staffing firm specializing in commercial, IT, and engineering temporary and permanent placement. Closely comparable in geographic focus (Germany), service portfolio, and candidate segment to Amadeus Fire.
  • Robert Half: Global specialist staffing firm with a strong German presence focused on finance, accounting, IT, and administrative roles. Directly competes with Amadeus Fire in the same specialized verticals.

Broad incumbents

  • ManpowerGroup Deutschland: German subsidiary of global staffing firm ManpowerGroup. Competes in temporary and permanent staffing with a broader industry focus than Amadeus Fire's specialized commercial/IT niche.
  • Randstad Deutschland: German arm of global staffing leader Randstad. Competes across multiple staffing verticals in Germany but with broader portfolio exposure including industrial, healthcare, and administrative segments.
  • Adecco Germany: German arm of global staffing firm Adecco. Operates across multiple staffing verticals in Germany; broader portfolio than Amadeus Fire but overlaps in commercial and IT temporary staffing.

Regional players

  • Hays (UK operations): While geographically UK-focused, Hays is a global peer offering similar specialized professional staffing services. Comparable in business model and verticals but does not directly compete in the German market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Amadeus Fire social profiles

Digital presence

Amadeus Fire compliance and trust

Trust signal

Compliance4 records

Amadeus Fire financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Amadeus Fire leadership team

Management profile

Number of profiles

Profiles4 records

Amadeus Fire funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Amadeus Fire M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amadeus Fire

What does Amadeus Fire do?

Amadeus Fire is a German personnel services company that provides permanent placement of specialists and executives, temporary staffing (Zeitarbeit) for commercial, financial, and IT roles, IT freelance placement, and interim/project management. The company primarily serves corporate clients in Germany while also offering free job seeker tools via its online platform and mobile apps.

Is Amadeus Fire a public or private company?

Amadeus Fire is a public company. It is classified as public and is currently operating.

When was Amadeus Fire founded?

Amadeus Fire was founded in 1986. It employs 1,001 to 5,000 people.

Where is Amadeus Fire based?

Amadeus Fire is headquartered in Frankfurt, Germany, in the Europe region.

How does Amadeus Fire make money?

Four revenue lines are on record. Personalvermittlung (Permanent Placement) is the primary driver. The others are zeitarbeit (Temporary Staffing), IT-Freelancing and interim & Projektmanagement.

Who are Amadeus Fire's main competitors?

Direct peers on record are GULP, Brunel, PageGroup, Hays, DIS AG and Robert Half. Broad incumbents are ManpowerGroup Deutschland, Randstad Deutschland and Adecco Germany. Hays (UK operations) is listed as a regional player.

Does Amadeus Fire have an API?

No public API is recorded for Amadeus Fire.

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Live signals
FinanzNachrichten.dePTA-DD: Amadeus Fire AG: Mitteilung über Eigengeschäfte von Führungskräften gemäß Artikel 19 MARAmadeus Fire AG disclosed that its CEO Robert von Wülfing purchased 15,307.80 shares at €16.46 each on 01.10.2026, with an aggregate volume of 24,712.80 shares at €16.4752. The transaction was reported under Article 19 MAR.FinanzNachrichten.dePTA-DD: Amadeus Fire AG: Mitteilung über Eigengeschäfte von Führungskräften gemäß Artikel 19 MARAmadeus Fire AG disclosed that its board member Dennis Gerlitzki purchased 34,196.50 shares of the company on September 22, 2026, at an average price of 17.0982 EUR. The transaction was executed on the Xetra MIC XETR platform.FinanzNachrichten.dePTA-DD: Amadeus Fire AG: Mitteilung über Eigengeschäfte von Führungskräften gemäß Artikel 19 MARAmadeus Fire AG disclosed that its board member Monika Wiederhold purchased 10,242.80 shares on September 15, 2026, at an average price of 17.6814 EUR. The transaction was executed via direct trade through ING Bank.FinanzNachrichten.dePTA-DD: Amadeus Fire AG: Mitteilung über Eigengeschäfte von Führungskräften gemäß Artikel 19 MARAmadeus Fire AG disclosed a director's share purchase under Article 19 MAR. Chairman Robert von Wülfing bought 12,240 shares at €18.00 each on September 15, 2026, for a total of €26,836. The transaction was executed via Tradegate.AInvestThe €20,000 insider buy that said little at Amadeus FireAmadeus Fire's chairman bought 1,000 shares at €19.79 each, a €20,000 purchase, but the company's revenue fell 16.8% in 2025 to €364m and it posted a €2.2m net loss. The buy is a small gesture against a backdrop of declining German hiring and a cut to 2026 guidance.FinanzNachrichten.dePTA-DD: Amadeus Fire AG: Mitteilung über Eigengeschäfte von Führungskräften gemäß Artikel 19 MARAmadeus Fire AG disclosed that its supervisory board member Michael Grimm purchased 1,000 shares on XETRA on September 4, 2026, at €19.78584 per share. The transaction was reported under Article 19 MAR.Seeking AlphaAmadeus FiRe AG 2026 Q2 - Results - Earnings Call Presentation (OTCMKTS:AFGZF) 2026-08-07Amadeus FiRe AG published a slide deck related to their 2026 Q2 earnings call. The article provides details about the company's financial performance, market cap, and trading data.Seeking AlphaAmadeus FiRe AG (AFGZF) Q2 2026 Earnings Call TranscriptAmadeus FiRe AG is hosting a Q2 2026 earnings call to discuss its interim report for the first six months of the year. CEO Robert Von Wulfing will present the financial results and answer questions from investors during the session.YahooAmadeus Fire AG (WBO:AAD) (Q2 2026) Earnings Call Highlights: Navigating a Challenging Market ...Amadeus Fire AG reported a significant decline in Q2 2026 earnings with operating result falling 21.2% year-over-year, driven by weak demand and lower conversion rates in the German market. The company's Q4 profit margin dropped sharply from 15.9% to 9.1%, while the training segment now accounts for nearly 40% of group revenues. CEO Robert von Wuelfing indicated the start of 2025 shows no positive momentum, with the low business level from Q4 2024 continuing across the competitive landscape.Simply Wall StAmadeus FiRe (XTRA:AAD) Stock Looks Cheap But Losses DeepenAmadeus FiRe reported Q2 2026 earnings with revenue of €82.3m, down 6.9% year-on-year from €88.4m, while losses excluding extra items widened to €2.9m from €0.3m a year prior. The company's trailing 12-month performance has flipped from a profit of €16.7m to a loss of €6.8m, with basic EPS at a loss of €0.53 per share. The article examines whether the stock's low price-to-sales multiple and substantial discount to valuation estimates represent a deep value opportunity or reflect market pricing of prolonged losses and weak interest coverage risk.