Sixt Aktiengesellschaft

euro adhoc: Sixt Aktiengesellschaft
quarterly or semiannual financial statement
Sixt increases consolidated profit by almost 10% and generates double-digit revenue growth again in Q1 2008

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quaterly report/1st Quater 2008


Ad hoc disclosure in accordance with section 15 WpHG 05/2008 (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

Sixt increases consolidated profit by almost 10% and generates double-digit revenue growth again in Q1 2008

Pullach, 29 May 2008 - In the first three months of 2008,  Sixt  AG   once  again generated double-digit growth in consolidated operating revenue.

Revenue from the rental and leasing business increased by  13.4%  to EUR  350.9 million (Q1 2007: EUR 309.4 million). Foreign  business   continued  its  dynamic development, boosting operating revenue by 24.6% to EUR  73.5  million  compared with EUR 59.1 million in the previous year. This lifted the international  share of total operating revenue from 19.1% to 21.0%. Total consolidated revenue   rose by 11.9%, from EUR 362.5 million in the previous year to EUR 405.9 million.

Consolidated profit for the quarter increased by 9.4% to EUR  24.8   million  (Q1 2007: EUR 22.7  million).  Basic  earnings  per  share   increased  to  EUR  0.99 (previous year: EUR 0.91; +8.8%).

For the first three  months,  the  Group  reported  a  slight  3.0%   decline  in consolidated profit before taxes (EBT) to EUR 35.4   million.  This  development, which was in line with  the  Company's   expectations,  was  mainly  due  to  the different timing of Easter week compared with the  previous  year  (Easter  week fell in Q2 in 2007), which resulted in weaker rental business in March,  and  to fair value measurement losses on the interest rate  derivatives   used.  While  a net gain of  EUR  0.8  million  from  interest  rate hedging  transactions  was reported in the prior-year quarter, the reporting period saw a net loss  of  EUR 1.4 million.

Both business units, Vehicle Rental and  Leasing,  recorded  an   improvement  in operating revenue in the first quarter of  2008.  The Vehicle  Rental  Business Unit  generated  revenue  of  EUR 252.1   million  (Q1  2007: EUR 222.0  million; +13.6%). The Vehicle Rental Business Unit's  EBT  fell  by  6.7%  from  EUR 31.2 million in Q1 2007 to EUR 29.2 million in  the  period  from  January  to  March 2008. The decline in earnings is mainly due  to  the  different   timing  of  the Easter week described earlier  and  the  fair  value measurement  loss  on  the interest rate derivatives  used  compared with  the  previous  year's  positive figure.

The Leasing Business Unit increased its revenue by 13.1% to EUR 98.8 million  in the first quarter of 2008 (Q1 2007: EUR 87.4 million). EBT was up  5.4%  on  the previous year to EUR 3.3 million (Q1 2007: EUR 3.1  million)  despite  increased financing costs.

The Managing Board remains optimistic about financial year 2008  and expects  a

@@start.t2@@further  year-on-year    increase    in    consolidated    operating    revenue    and consolidated profit. This forecast assumes that the macroeconomic  situation  in Europe remains stable, that the planned price increases can be implemented,  and that no unforeseen negative events for the Group occur. Further details  of  the full-year targets will be provided at a later date.


Media Relations / Investor Relations: Irina Pchelova CNC Communications & Network Consulting AG Tel.: +49 (0) 89 599 458 143 Mob: +49 175 572 4998

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ots Originaltext: Sixt Aktiengesellschaft
Im Internet recherchierbar:

Further inquiry note:
Kirsten Struve
Tel.: +49(0)89 74444-4260

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

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