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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.
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Dividend
15.03.2012
Ad hoc disclosure in accordance with section 15 WpHG
Sixt AG, Zugspitzstr. 82049 Pullach, Germany
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurt Stock Exchange, Prime Standard Segment
Preliminary annual result/dividend
Sixt achieves highest pre-tax profit in 2011 - dividend increase planned
Pullach, 15 March 2012 - In 2011 the Sixt Group recorded a very gratifying
business performance and generated the best result in the Company's history.
According to preliminary calculations, the Group's earnings before taxes (EBT),
the key earnings figure of the international mobility service provider,
increased 35.8% to EUR 138.9 million (2010: EUR 102.3 million) and consolidated
profit went up by 37.8% to EUR 97.5 million (2010: EUR 70.7 million). This good
earnings development is due to the strong demand for mobility services,
generally stable rental prices, the consistent focus on margin improvements, the
progress made in the foreign expansion as well as further efficiency gains
throughout the Group.
Rental revenue (excluding other revenue from rental business) increased by 10.9%
in 2011 to EUR 895.7 million (2010: EUR 807.5 million). Revenue rose both at
home in Germany (+7.2%) as well as abroad in Europe (+19.5%). The Leasing
Business Unit recorded revenue of EUR 393.5 million, which was almost in line
with last year's level (2010: EUR 403.5 million; -2.5%). All in all, the Sixt
Group reports consolidated revenues of EUR 1.56 billion for 2011, 1.7% more than
the year before (EUR 1.54 billion).
The Managing Board proposes to the Supervisory Board and the Annual General
Meeting that for the financial year 2011 a dividend of EUR 0.60 should be paid
per ordinary share and EUR 0.62 per preference share, plus a bonus of
EUR 0.15 for each share category. The year before EUR 0.50 had been paid for
each ordinary share and EUR 0.51 for each preference share, plus a bonus of EUR
0.20 for each class of shares (previous year's figures have been adjusted to the
doubled number of shares in the reporting year).
Though Sixt is operatively and financially well equipped, the Company is
readying itself for a more difficult year in 2012, given the general expectation
of a global economic slowdown. The Managing Board considers a further increase
in rental revenues and growth in leasing sales possible, but also reckons with
higher operative costs. Though Sixt expects to see another good earnings
position in 2012, because of the macroeconomic risks the high earnings level of
2011 will be hard to repeat.
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
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issuer: Sixt Aktiengesellschaft
Zugspitzstraße 1
D-82049 Pullach
phone: +49 (0) 89 74444 5104
FAX: +49 (0) 89 74444 85104
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: free trade: Hannover, Berlin, Hamburg, Düsseldorf, Stuttgart,
regulated dealing: München, regulated dealing/prime standard:
Frankfurt
language: English