Sixt SE: Sixt achieves above average result for first half year and increases outlook for full year 2017
Pullach, 20 July 2017 – Business performance of the mobility service provider Sixt SE in the first half year of 2017 was significantly above last year. According to an analysis of preliminary figures for the first half year 2017 concluded today, consolidated earnings before taxes (EBT) are expected slightly above EUR 100 million (H1 2016: EUR 81.9 million). This significant increase is to a large extend based on an increased profit of the Vehicle Rental Unit abroad, in particular in France and the United States.
As a consequence of the business development during the first half year and business performance recorded so far in the third quarter, the Managing Board expects a significant growth of consolidated EBT for the full fiscal year 2017 (2016: EUR 218.3 million). With regard to the consolidated operating revenue for the full year (2016: EUR 2,124 million) the Managing Board now expects a solid growth. The Board’s previous projections had assumed a stable to slightly increased EBT and a slight growth in consolidated operating revenue.
Sixt SE will disclose its Group Interim Report as at 30 June 2017 as scheduled on 17 August 2017.
Note: ‘consolidated operating revenue’ is not a financial term according to IFRS. Information regarding the composition of the consolidated operating revenue can be found in the Annual Report 2016 of Sixt SE on p. 27 (available at ir.sixt.eu).