Sixt Aktiengesellschaft

EANS-Adhoc: Sixt Aktiengesellschaft
Interim Report as at 30 June 2009

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6-month report/Interim Report as at 30 June 2009

18.08.2009

Ad hoc disclosure in accordance with section 15 WpHG (Wertpapierhandelsgesetz - German Securities Trading Act) Sixt AG, Zugspitzstr. 1, 82049 Pullach, Germany WKN: 723132, ISIN: DE0007231326 WKN: 723133, ISIN: DE0007231334 Frankfurt Stock Exchange, Prime Standard Segment

Quarterly figures

Sixt reports positive earnings and a high level of stable demand in Q2 2009

Pullach, 18 August 2009 - The Sixt Group generated consolidated earnings before net finance costs and taxes (EBIT) of EUR 22.4 million in the second quarter of 2009 (Q2 2008: EUR 40.7 million). Profit before taxes (EBT) amounted to EUR 9.1 million (Q2 2008: EUR 30.4 million). The significant improvement in the mobility services provider´s earnings as against the first quarter of 2009 is due to the continued high level of stable demand at both its Vehicle Rental and Leasing Business Units and its improved cost structure, in particular with regard to fleet costs. At EUR 188.1 million, rental revenue (excluding other revenue from rental business) fell by 5.0% compared with the high figure in the prior-year quarter. Overall, the Vehicle Rental Business Unit´s quarterly revenue was EUR 249.7 million, down 10.5% year-on-year. The Leasing Business Unit recorded leasing revenue of EUR 103.5 million in the second quarter, a slight decline of 3.7% as against the prior-year quarter. At EUR 406.1 million, consolidated revenue in the second quarter was down 9.5% on Q2 2008 (EUR 448.7 million), but up 7.8% on Q1 2009.

Rental revenue amounted to EUR 364.9 million in the first half of the year, slightly below the prior-year level (-2.7%). The Vehicle Rental Business Unit recorded total revenue of EUR 464.9 million in the first six months of 2009 ( 12.4%). At EUR 205.3 million, leasing revenue in the Leasing Business Unit remained at the prior-year level (-0.5%). Sixt reported consolidated revenue of EUR 782.8 million for the first half of 2009 (H1 2008: EUR 854.6 million; -8.4%).

The Group recorded positive EBIT of EUR 22.4 million in the second quarter (Q2 2008: EUR 40.7 million) and positive EBT of EUR 9.1 million (Q2 2008: EUR 30.4 million). EBIT amounted to EUR 1.4 million in the first half of the year (H1 2008: EUR 91.7 million) and EBT was EUR -25.5 million (prior-year period: EUR 65.8 million). Adjusted six-month EBT, in which the effects of the reduction in the fleet size and the switch in financing of part of the fleet from purchases to leasing were eliminated, reached a positive EUR 9.8 million (H1 2008: EUR 33.1 million).

Sixt reported a consolidated loss for the first six months of EUR 22.4 million (H1 2008: consolidated profit of EUR 44.9 million); however, the Group generated a profit of EUR 4.1 million in the second quarter (previous year: EUR 20.1 million).

In light of the trend in operating demand - which can still be described as satisfactory given the difficult economic environment - and the expected further reduction in costs, the Managing Board continues to forecast a clearly positive EBT for full-year 2009 provided that no unforeseen negative events occur that have a material impact on the Group.

Contact: Sixt AG Frank Elsner Sixt Central Press Office Höchlstraße 2 D-81675 München Germany T +49 - 89 - 992 496 - 30/ - 31 F +49 - 89 - 992 496 - 32 E-Mail: pressrelations@sixt.com

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ots Originaltext: Sixt Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Andrea Zemann
Referentin Finanz- und Rechnungswesen
Tel: +49 (0)89 74444-5104
andrea.zemann@sixt.de

Branche: Automotive Equipment
ISIN:      DE0007231326
WKN:        723132
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / regulated dealing



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