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EANS-Adhoc: Sixt Aktiengesellschaft
Sixt records substantial profit improvement in H1 2010, revenue performance as expected - Share buy back resolved

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
quarterly report
19.08.2010
Ad hoc disclosure in accordance with section 15 WpHG
(Wertpapierhandelsgesetz - German Securities Trading Act)
Sixt AG, Zugspitzstr. 1, 82049 Pullach
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurt Stock Exchange, Prime Standard Segment
Quarterly figures, share buy back
Sixt records substantial profit improvement in H1 2010, revenue 
performance as expected - Share buy back resolved
Pullach, 19 August 2010 - The Sixt Group recorded a good first half 
in 2010. The international mobility service provider generated a 
consolidated profit before taxes (EBT) of EUR 34.8 million for the 
first six months, an improvement of EUR 60.3 million on the figure 
from the same period of the recession-beset prior year (EUR -25.5 
million). The net profit for half-year 2010 came to EUR 25.7 million 
(H1 2009: EUR -22.4 million). The substantial profit improvement was 
primarily the result of the clear focus on higher-margin revenue at 
both Business Units - Vehicle Rental and Leasing - as well as the 
price increases initiated last year, together with substantially 
lower costs and higher efficiency in processes and structures 
throughout the Group.
Revenue performance for the first six months of 2010 was as expected,
maintaining high levels: consolidated revenue, at EUR 759.6 million, 
was 3.0% below the corresponding figure from last year (H1 2009: EUR 
782.8 million). Rental revenue in the Vehicle Rental Business Unit 
(not including other revenue from rental business) grew 2.6% to EUR 
374.5 million (H1 2009: EUR 364.9 million). Overall, the Vehicle 
Rental Business Unit´s first-half revenue was EUR 430.3 million (H1 
2009: EUR 464.9 million; -7.5%). Leasing revenue increased by 3.1% in
the first six months of 2010, to EUR 211.6 million (H1 2009: EUR 
205.3 million). The Leasing Business Unit reported total revenue of 
EUR 326.8 million for half-year 2010 (H1 2009: EUR 315.4 million; 
+3.6%).
Consolidated revenue for the second quarter of the year, at EUR 393.6
million, was 3.1% below the prior-year level (Q2 2009: EUR 406.1 
million). EBT improved substantially over the comparable figure from 
Q2 2009 (EUR 9.1 million), reaching EUR 26.8 million.
Fundamentally, the Managing Board is optimistic about the Sixt 
Group´s future business performance. Nevertheless, it must be 
considered that uncertainty about the overall performance of the 
economy - crucial for Sixt - remains high and has even grown in some 
cases, for example in the debt crisis in major European states or 
businesses´ continuing reluctance to invest, which still remains 
evident in the leasing market. For full-year 2010, the Managing Board
still expects a substantial increase in consolidated EBT as against 
last year. This expectation is based primarily on better revenue 
quality, and on the cost-cutting and efficiency-enhancement measures 
implemented in 2009 and so far in 2010. Consolidated revenue for 
full-year 2010 is still expected to be slightly below the prior 
year´s figure.
This forecast assumes that there are no unforeseen negative events 
with a major impact on the Group.
Furthermore, with the consent of the Supervisory Board, the Managing 
Board of Sixt AG today decided to exercise the share buy back 
authorisation granted by the Annual General Meeting on 17 June 2010, 
to purchase the Company´s own ordinary and preference shares on the 
market for a total of up to EUR 20 million (not including incidental 
expenses).
On the basis of the current trading price for the Company´s ordinary 
and preference shares, this is equivalent to about 1.1 million no-par
value shares, or about 4.5 percent of the share capital. The 
distribution between ordinary and preference shares will be based on 
the availability of these share categories for trading on the market.
The buy back is intended to reduce capital by retiring stock. It will
be carried out in compliance with section 14(2) of the German 
Securities Trading Act (WpHG), in conjunction with EC Regulation 
2273/2003 (known as "Safe Harbour"). The share buy back is scheduled 
to begin no earlier than 19 August 2010 and to end by 31 December 
2011.
Contact:
Frank Elsner
Sixt Central Press Office
Phone: +49 - 89 - 99 24 96 - 30
Fax: +49 - 89 - 99 24 96 - 32
E-Mail:  pressrelations@sixt.com
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: 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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