Amadeus Fire cuts FY 2026 revenue outlook to EUR 350-365 million, EBITA to EUR 17-23 million

• Amadeus Fire cut FY 2026 guidance; revenue seen at EUR 350-365 million, operating EBITA at EUR 17-23 million.
• Previous targets were EUR 362-394 million revenue, EUR 20-31 million operating EBITA; Q2 earnings and margins fell sharply versus Q1.
• Q2 revenue dropped 6.8% to EUR 82.3 million; operating gross margin fell to 48.7% from 51.2%.
• Q2 operating EBITA margin slid to 0.6% from 2.4%; EPS was EUR -0.53 versus EUR -0.06.
• H1 revenue declined 8% to EUR 171.7 million; net result was EUR -3.6 million, hit by weaker operating earnings and higher financing costs.

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