EANS-Adhoc: Sixt Aktiengesellschaft
Sixt doubles H1 2011 earnings to EUR 71.4
million
22.08.2011 – 08:31
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 6-month report 22.08.2011 Ad hoc disclosure in accordance with section 15 WpHG Sixt AG, Zugspitzstrasse 1, 82049 Pullach/Germany WKN: 723132, ISIN: DE0007231326 WKN: 723133, ISIN: DE0007231334 Frankfurt Stock Exchange, Prime Standard Segment Quarterly figures Sixt doubles H1 2011 earnings to EUR 71.4 million Pullach, 22 August 2011 - The Sixt Group recorded a very successful first half in 2011. Consolidated profit before taxes (EBT) doubled to EUR 71.4 million, compared to EUR 34.8 million for the same period last year. The international mobility services provider also showed the best second-quarter earnings (EBT) in its history: EUR 39.2 million (Q2 2010: EUR 26.8 million; +46.9%). The consolidated profit after taxes for the first six months grew to EUR 50.2 million (H1 2010: EUR 25.7 million). Revenue performance was dominated by reviving demand for mobility services. Rental revenue in the Vehicle Rental Business Unit (not including other revenue from rental business) grew 11.9% in the first half, to EUR 419.3 million (H1 2010: EUR 374.5 million). Revenue from the Leasing business, as a result of a specific focus on higher-margin full-service leases, was 6.9% less in the first half than a year ago, at EUR 197.0 million (H1 2010: EUR 211.6 million). However, the second-quarter decrease was only 4.1% from the same quarter last year. All in all, the Sixt Group is reporting total revenue for H1 2011 that is on a par with the prior year, at EUR 755.8 million (H1 2010: EUR 759.6 million, -0.5%). Of this figure, EUR 391.4 million was attributable to the second quarter (Q2 2010: EUR 393.6 million, -0.6%). Following the very pleasing business performance of the first six months, management continues to expect the Group to achieve its goals for full-year 2011, in spite of the rise in general economic risk. Management continues to expect rental revenues to grow, and leasing revenue to remain roughly stable. Consolidated EBT is expected to be higher than last year's figure. This forecast assumes that there are no unforeseen negative events with a major impact on the Group. Contact: Frank Elsner Sixt Central Press Office T +49 - 89 - 992 496 - 30 F +49 - 89 - 992 496 - 32 E-Mail: pressrelations@sixt.com Further inquiry note: Investor Relations +49 (0)89-74444-5104 InvestorRelations@sixt.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Sixt Aktiengesellschaft Zugspitzstraße 1 D-82049 Pullach phone: +49 (0) 89 744445104 FAX: +49 (0) 89 7444485104 mail: InvestorRelations@sixt.de WWW: http://www.sixt.de sector: Automotive Equipment ISIN: DE0007231326, DE0007231334 indexes: SDAX, CDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, regulated dealing: München language: English