Amadeus FiRe Management
Management criteria checks 2/4
Amadeus FiRe's CEO is Robert Von Wulfing, appointed in Nov 2012, has a tenure of 13.58 years. total yearly compensation is €2.10M, comprised of 20% salary and 80% bonuses, including company stock and options. directly owns 0.081% of the company’s shares, worth €97.46K. The average tenure of the management team and the board of directors is 4.5 years and 5.1 years respectively.
Key information
Robert Von Wulfing
Chief executive officer
€2.1m
Total compensation
| CEO salary percentage | 20.04% |
| CEO tenure | 13.6yrs |
| CEO ownership | 0.08% |
| Management average tenure | 4.5yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Analysis Article • May 16
We Think Shareholders May Want To Consider A Review Of Amadeus FiRe AG's (ETR:AAD) CEO Compensation Package
Key Insights Amadeus FiRe's Annual General Meeting to take place on 22nd of May CEO Robert Von Wulfing's total...Analysis Article • May 09
Shareholders May Not Be So Generous With Amadeus FiRe AG's (ETR:AAD) CEO Compensation And Here's Why
Key Insights Amadeus FiRe will host its Annual General Meeting on 15th of May Total pay for CEO Robert Von Wulfing...Recent updates
Analysis Article • Mar 29
Amadeus FiRe AG Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Amadeus FiRe AG ( ETR:AAD ) shareholders are probably feeling a little disappointed, since its shares fell 5.4% to...
Narrative Update • Mar 26
AAD: Stable Earnings Profile And Steady Assumptions Will Support Bullish Entry
Analysts have kept their €76 price target for Amadeus FiRe unchanged, with only slight adjustments to assumptions such as the discount rate and future P/E. This underpins a stable view on the shares.Narrative Update • Mar 12
AAD: Index Removal And Stable Earnings Profile Will Offer Bullish Entry
Analysts have kept their €76 price target for Amadeus FiRe unchanged. They point to broadly steady assumptions for revenue growth, profit margins and future P/E as support for this view.Narrative Update • Feb 25
AAD: Index Removal And Higher Discount Rate Will Present Bullish Entry Opportunity
Analysts have trimmed their price target on Amadeus FiRe from €96 to €76, citing updated assumptions around the company’s discount rate, revenue growth outlook, profit margin profile, and expected future P/E multiple. What's in the News Amadeus FiRe AG has been removed from the Germany SDAX (Total Return) Index, which may affect how some index-linked funds and benchmarks treat the stock (Key Developments).Analysis Article • Jan 21
Amadeus FiRe (ETR:AAD) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Oct 09
What You Can Learn From Amadeus FiRe AG's (ETR:AAD) P/E
There wouldn't be many who think Amadeus FiRe AG's ( ETR:AAD ) price-to-earnings (or "P/E") ratio of 18.5x is worth a...New Narrative • May 17
CRM And IT Overhaul Will Reinvent Training And Services
Strategic focus on B2C and B2G training and interim management could drive revenue growth amid economic stabilization.Analysis Article • May 16
We Think Shareholders May Want To Consider A Review Of Amadeus FiRe AG's (ETR:AAD) CEO Compensation Package
Key Insights Amadeus FiRe's Annual General Meeting to take place on 22nd of May CEO Robert Von Wulfing's total...Analysis Article • Apr 13
Amadeus FiRe (ETR:AAD) Has Announced That Its Dividend Will Be Reduced To €4.30
Amadeus FiRe AG ( ETR:AAD ) has announced that on 27th of May, it will be paying a dividend of€4.30, which a reduction...Analysis Article • Mar 22
Returns On Capital Signal Tricky Times Ahead For Amadeus FiRe (ETR:AAD)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Nov 21
Amadeus FiRe AG's (ETR:AAD) Earnings Are Not Doing Enough For Some Investors
With a price-to-earnings (or "P/E") ratio of 11.8x Amadeus FiRe AG ( ETR:AAD ) may be sending bullish signals at the...Analysis Article • Oct 26
Amadeus FiRe AG Recorded A 5.4% Miss On Revenue: Analysts Are Revisiting Their Models
Amadeus FiRe AG ( ETR:AAD ) last week reported its latest third-quarter results, which makes it a good time for...Analysis Article • Jul 24
The Market Doesn't Like What It Sees From Amadeus FiRe AG's (ETR:AAD) Earnings Yet
Amadeus FiRe AG's ( ETR:AAD ) price-to-earnings (or "P/E") ratio of 13.4x might make it look like a buy right now...Analysis Article • May 09
Shareholders May Not Be So Generous With Amadeus FiRe AG's (ETR:AAD) CEO Compensation And Here's Why
Key Insights Amadeus FiRe will host its Annual General Meeting on 15th of May Total pay for CEO Robert Von Wulfing...Analysis Article • Apr 05
Amadeus FiRe (ETR:AAD) Is Paying Out A Larger Dividend Than Last Year
The board of Amadeus FiRe AG ( ETR:AAD ) has announced that it will be paying its dividend of €5.00 on the 20th of May...Analysis Article • Mar 25
Why Amadeus FiRe's (ETR:AAD) Earnings Are Better Than They Seem
Amadeus FiRe AG ( ETR:AAD ) announced a healthy earnings result recently, and the market rewarded it with a strong...Analysis Article • Mar 22
Amadeus FiRe's (ETR:AAD) Upcoming Dividend Will Be Larger Than Last Year's
Amadeus FiRe AG ( ETR:AAD ) will increase its dividend on the 16th of May to €5.00, which is 11% higher than last...Analysis Article • Mar 20
At €120, Is It Time To Put Amadeus FiRe AG (ETR:AAD) On Your Watch List?
Amadeus FiRe AG ( ETR:AAD ), might not be a large cap stock, but it saw a decent share price growth of 13% on the XTRA...Analysis Article • Oct 19
At €105, Is It Time To Put Amadeus FiRe AG (ETR:AAD) On Your Watch List?
While Amadeus FiRe AG ( ETR:AAD ) might not be the most widely known stock at the moment, it saw significant share...Analysis Article • Sep 30
Do Amadeus FiRe's (ETR:AAD) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Mar 25
Amadeus FiRe AG (ETR:AAD) Released Earnings Last Week And Analysts Lifted Their Price Target To €180
Shareholders of Amadeus FiRe AG ( ETR:AAD ) will be pleased this week, given that the stock price is up 12% to €133...Analysis Article • Mar 24
Amadeus FiRe's (ETR:AAD) Dividend Will Be Increased To €4.50
The board of Amadeus FiRe AG ( ETR:AAD ) has announced that it will be increasing its dividend by 48% on the 23rd of...Analysis Article • Dec 06
Amadeus FiRe (ETR:AAD) Could Easily Take On More Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 27
Is Now The Time To Look At Buying Amadeus FiRe AG (ETR:AAD)?
While Amadeus FiRe AG ( ETR:AAD ) might not be the most widely known stock at the moment, it led the XTRA gainers with...Analysis Article • Jun 14
Does Amadeus FiRe (ETR:AAD) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 12
Amadeus FiRe (ETR:AAD) Is Increasing Its Dividend To €3.04
Amadeus FiRe AG ( ETR:AAD ) will increase its dividend on the 24th of May to €3.04. This will take the dividend yield...Analysis Article • Apr 28
Amadeus FiRe's (ETR:AAD) Upcoming Dividend Will Be Larger Than Last Year's
Amadeus FiRe AG ( ETR:AAD ) has announced that it will be increasing its dividend on the 24th of May to €3.04. This...Analysis Article • Mar 25
Amadeus FiRe's (ETR:AAD) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Amadeus FiRe AG ( ETR:AAD ) has announced that it will be increasing its dividend on the 24th of May to...Analysis Article • Feb 16
What Is Amadeus FiRe AG's (ETR:AAD) Share Price Doing?
Amadeus FiRe AG ( ETR:AAD ), might not be a large cap stock, but it saw significant share price movement during recent...Analysis Article • Jan 02
We Think Amadeus FiRe (ETR:AAD) Can Manage Its Debt With Ease
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -€4m |
| Dec 31 2025 | €2m | €420k | -€2m |
| Sep 30 2025 | n/a | n/a | €6m |
| Jun 30 2025 | n/a | n/a | €17m |
| Mar 31 2025 | n/a | n/a | €25m |
| Dec 31 2024 | €823k | €420k | €33m |
| Sep 30 2024 | n/a | n/a | €34m |
| Jun 30 2024 | n/a | n/a | €37m |
| Mar 31 2024 | n/a | n/a | €38m |
| Dec 31 2023 | €1m | €420k | €40m |
| Sep 30 2023 | n/a | n/a | €42m |
| Jun 30 2023 | n/a | n/a | €42m |
| Mar 31 2023 | n/a | n/a | €40m |
| Dec 31 2022 | €1m | €420k | €38m |
| Sep 30 2022 | n/a | n/a | €35m |
| Jun 30 2022 | n/a | n/a | €35m |
| Mar 31 2022 | n/a | n/a | €37m |
| Dec 31 2021 | €2m | €420k | €34m |
| Sep 30 2021 | n/a | n/a | €34m |
| Jun 30 2021 | n/a | n/a | €26m |
| Mar 31 2021 | n/a | n/a | €21m |
| Dec 31 2020 | €2m | €324k | €18m |
| Sep 30 2020 | n/a | n/a | €14m |
| Jun 30 2020 | n/a | n/a | €19m |
| Mar 31 2020 | n/a | n/a | €23m |
| Dec 31 2019 | €961k | €324k | €24m |
Compensation vs Market: Robert's total compensation ($USD2.42M) is above average for companies of similar size in the German market ($USD441.18K).
Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.
CEO
Robert Von Wulfing (54 yo)
13.6yrs
Tenure
€2,096,000
Compensation
Mr. Robert Von Wulfing, MBA, has been Chairman of the Management Board at Amadeus FiRe AG since November 3, 2020. Mr. Wulfing serves as Chief Executive Officer of Amadeus FiRe AG since November 3, 2020 and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board | 13.6yrs | €2.10m | 0.081% € 99.4k | |
| COO of Personnel Services & Member of Management Board | 7.4yrs | €346.00k | 0.018% € 22.6k | |
| COO of Training & Member of the Management Board | 1.6yrs | €417.00k | 0.0037% € 4.5k | |
| Head of Investor Relations | 1.7yrs | no data | no data | |
| Manager Investor Relations & Sustainability | no data | no data | no data |
4.5yrs
Average Tenure
54yo
Average Age
Experienced Management: AAD's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 4.9yrs | €81.00k | 0.017% € 21.2k | |
| Member of Supervisory Board | less than a year | €5.00k | no data | |
| Independent Member of Supervisory Board | 10.1yrs | €30.00k | no data | |
| Independent Deputy Chairman of the Board | 5.1yrs | €45.00k | 0.043% € 53.1k | |
| Independent Member of Supervisory Board | 8.8yrs | €36.00k | 0.0022% € 2.7k | |
| Employee Representative Member of Supervisory Board | 8.4yrs | €26.00k | no data | |
| Employees Representative Member of Supervisory Board | 5.1yrs | €24.00k | no data | |
| Employees Representative Member of the Supervisory Board | 5.1yrs | €36.00k | no data | |
| Employees Representative Member of Supervisory Board | 5.1yrs | €36.00k | 0.011% € 13.6k | |
| Independent Member of Supervisory Board | 5.1yrs | €26.00k | 0.0074% € 9.0k | |
| Employees Representative Member of Supervisory Board | 1.6yrs | €31.00k | 0.00028% € 343.7 | |
| Independent Independent Member of the Supervisory Board | less than a year | €3.00k | no data |
5.1yrs
Average Tenure
59.5yo
Average Age
Experienced Board: AAD's board of directors are considered experienced (5.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 22:06 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Amadeus FiRe AG is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Konrad Zomer | Berenberg |
| Alexander Braun | Montega AG |
| Thomas Wissler | mwb research AG |