Ad-hoc disclosure in accordance with section 15 WpHG
Sixt AG, Zugspitzstr. 1, 82049 Pullach/Germany
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurt Stock Exchange, Prime Standard Segment
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.
Sixt Central Press Office
Phone: +49 – 89 – 992 496 – 30/ – 31
Fax: +49 – 89 – 992 496 – 30