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Sixt Aktiengesellschaft

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Financial Figures/Balance Sheet
Sixt continues double-digit growth after first nine months of 2008 - earnings impacted by higher fleet and financing costs

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report/Interim Report as of 30th September 2008
20.11.2008
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 double-digit growth after first nine months of 2008 - 
earnings impacted by higher fleet and financing costs
Pullach, 20 November 2008 - In the first nine months of 2008, the 
Sixt Group recorded significant, above-market revenue growth in both 
the Vehicle Rental and Leasing Business Units. Consolidated profit 
remains at a high level, but was affected by a clear increase in 
fleet costs and by higher net finance costs. 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 12.1% to EUR 1.15 billion in the period from 
January to September (first nine months of 2007: EUR 1.02 billion). 
This was due to good domestic demand and continuing dynamic growth in
Sixt's international business. The Vehicle Rental Business Unit 
generated revenue growth of 11.6% to EUR 832.6 million. Revenue from 
leasing activities increased by 13.7% in the first nine months to EUR
313.5 million. Total consolidated revenue (including revenue from the
sale of used leasing vehicles) amounted to EUR 1.34 billion after 
nine months (prior-year period: EUR 1.17 billion; +14.4%).
Despite the increase in costs in the operating business, consolidated
earnings before net finance costs and taxes (EBIT) reached EUR 143.1 
million in the first nine months, up 3.6% on the prior-year figure 
(EUR 138.1 million). The decrease in consolidated profit before taxes
(EBT) from EUR 110.9 million to EUR 95.9 million (-13.5%) is due 
exclusively to substantially higher net finance costs. As in the 
first half of the year, this was due to a decline in net income from 
the measurement of interest rate hedging instruments, as well as 
higher interest payments associated with financing the expanded 
fleet.
Consolidated profit after minority interests amounted to EUR 66.1 
million after nine months, 7.7% less than in the same period of the 
previous year (EUR 71.6 million).
In the third quarter of 2008, consolidated operating revenue reached 
EUR 408.8 million (Q3 2007: EUR 373.0 million; +9.6%). At EUR 51.4 
million, EBIT was down 5.3% on the prior-year quarter (EUR 54.2 
million). As a result of the effects on net finance costs already 
mentioned, EBT was EUR 30.1 million (Q3 2007: EUR 40.3 million; 
-25.2%).
The overall conditions for Sixt's business have continued to 
deteriorate in key markets since September due to the general 
economic downturn and the financial crisis. The higher level of costs
in Sixt's operating business, rising financing costs and the slump on
the German used vehicle market will continue to dampen earnings 
performance in the fourth quarter. The impact of the economic 
downturn on demand for mobility services cannot yet be clearly 
estimated.
Despite this adverse environment, the Managing Board is reiterating 
its goal of increasing consolidated operating revenue in full-year 
2008. Consolidated EBT is expected to reach a figure of around EUR 
100 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:

Kirsten Struve
Tel.: +49(0)89 74444-4260
E-Mail: kirsten.struve@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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