(Wertpapierhandelsgesetz – German Securities Trading Act)
Sixt AG, Zugspitzstr. 1, 82049 Pullach, Germany
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurter Wertpapierbörse, Prime Standard Segment
Sixt Group increases profit after taxes by 26.9% in 2007
Pullach, 13 March 2008 – The Sixt Group achieved record operating revenue and earnings in financial year 2007. According to preliminary figures, the mobility service provider’s consolidated net profit amounted to EUR 93.6 million, an increase of 26.9% over the prior-year figure (EUR 73.8 million). The basic earnings per ordinary share rose to EUR 3.73 (prior year: EUR 2.95; +26.4%), while the basic earnings per preference share reached EUR 3.77 (prior year: EUR 3.36; +12.2%). Consolidated profit before taxes (EBT) increased by 13.2% to EUR 137.7 million (2006: EUR 121.6 million).
Consolidated operating revenue from rental and leasing business (excluding revenue from the sale of used leasing vehicles), which best reflects Sixt’s business development, rose by 14.0% in 2007 to EUR 1.38 billion (2006: EUR 1.21 billion). Total consolidated revenue (including revenue from the sale of used leasing vehicles) reached EUR 1.57 billion (2006: EUR 1.44 billion; +8.7%).
The basis for Sixt’s excellent business development in the year under review was the expansion of customer relations in both the Vehicle Rental and Leasing Business Units as a result of intensified sales activities and the dynamic expansion of international activities.
In 2007, the Vehicle Rental Business Unit generated an increase in revenue of 16.7% to EUR 1.01 billion (2006: EUR 863.3 million). EBT rose by 18.0% to EUR 123.2 million (2006: EUR 104.4 million), thus outstripping the increase in revenue. The Leasing Business Unit’s revenue from leasing activities (excluding revenue from the sale of used leasing vehicles) rose to EUR 373.7 million (2006: EUR 348.0 million; +7.4%). EBT, which was impacted in the first half of the year by temporary market uncertainties relating to the tax conditions for lease financing, rose significantly year-on-year in the second half of the year. At EUR 11.9 million, full-year EBT was below the level of the previous year (EUR 13.9 million; -14.2%) as already announced.
The Managing Board is optimistic for 2008 and is currently expecting a further rise in consolidated operating revenue. Despite an expected increase in operating costs, another increase in consolidated operating profit as against the previous year is also anticipated. This forecast assumes that there are no unforeseen negative events for the Group.
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: ++49 – (0) 54 04 – 91 92 0
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