Amadeus Fire shares fall after FY core profit cut
** Shares in Amadeus Fire AMDG.DE fall 2.6% in early Frankfurt trade after the German recruiter lowered its core profit guidance for 2024
** The company now expects group operating EBITA to be in the range of 64 million to 70 million euros ($69.66-$76.19 million), compared to previously expected 74 to 80 million euros
** "The economy could improve marginally, but the economic situation will continue to be characterised by caution and restraint on the part of the company," Amadeus said, expecting no general improvement in economic development for the rest of the year
** "Warning should weigh on shares at least first. But some analysts saw the guidance at risk which could mitigate the negative surprise," a local trader says in a note
** The stock, which has lost 20.3% YTD, is seen among the worst performers of Germany's small-cap index .SDAXI
($1 = 0.9188 euros)
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