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Sixt Aktiengesellschaft

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Financial Figures/Balance Sheet
Sixt continues to record strong growth in H1 2008 - earnings target adjusted to changed environment

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report/Quarterly figures 2008
14.08.2008
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 continues to record strong growth in H1 2008 - earnings target 
adjusted to changed environment
Pullach, 14 August 2008 - Given that the economy is losing some of 
its momentum, the overall performance of the Sixt Group's operating 
business was satisfactory in the first half of 2008. Consolidated 
operating revenue from vehicle rental and leasing activities 
(excluding revenue from the sale of used leasing vehicles) - the best
measure of Sixt´s performance - rose by 13.6% to EUR 737.3 million in
the first six months (H1 2007: EUR 649.0 million). Growth rates in 
both the Vehicle Rental Business Unit (+13.0% to EUR 531.0 million) 
and the Leasing Business Unit (+15.3% to EUR 206.3 million) exceeded 
the market average. Total consolidated revenue (including revenue 
from the sale of used leasing vehicles) climbed by 14.7% to EUR 854.6
million (H1 2007: EUR 745.2 million).
Consolidated profit after minority interests for the first six months
was EUR 44.9 million, thus exceeding by 1.9% the previous record of 
EUR 44.1 million achieved in the same period last year. This 
corresponds to earnings per share (basic) of EUR 1.79 (H1 2007: EUR 
1.77). Consolidated profit before taxes (EBT) amounted to EUR 65.8 
million, 6.9% down on the EUR 70.6 million generated in the first 
half of 2007. The decline is mainly due to higher net finance costs, 
which were impacted by an increase in interest expense to finance the
fleet as well as a year-on-year decline in net income from the fair 
value measurement of interest rate hedging instruments. In spite of 
additional operating costs, earnings before net finance costs and 
taxes (EBIT) grew by 9.3% to EUR 91.7 million (H1 2007: EUR 83.9 
million).
In the second quarter of 2008, consolidated operating revenue was EUR
386.4 million, 13.8% more than in Q2 2007 (EUR 339.6 million). EBT 
declined by 11.1% to EUR 30.4 million (Q2 2007: EUR 34.1 million).
Due to the ongoing tough competition in the vehicle rentals market, 
it cannot be expected that higher prices will gain acceptance in the 
market in the near term. In the Leasing Business Unit, the sharply 
higher financing costs can only be passed on to customers with a time
lag, and the German used vehicle market has deteriorated further. In 
addition, the economic environment in Sixt's key markets and sectors 
has worsened further. Despite this, the Managing Board continues to 
expect consolidated operating revenue to increase in full-year 2008. 
It is now forecasting consolidated EBT of around EUR 115 to 125 
million. This forecast assumes that there are no negative events with
a major impact on the Group.
Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - (0) 54 04 - 91 92 0
Fax: +49 - (0) 54 04 - 91 92 29
end of announcement                               euro adhoc

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: 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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