EANS-Adhoc: Sixt Aktiengesellschaft Sixt: Further Growth, Earnings at High
Level in Q1 2012
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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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3-month report
22.05.2012
Ad hoc disclosure in accordance with section 15 WpHG
Sixt AG, Zugspitzstr. 1, 82049 Pullach
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurt Stock Exchange, Prime Standard Segment
Quarterly figures
Sixt: Further Growth, Earnings at High Level in Q1 2012
Pullach, 22 May 2012 - In the first quarter of 2012, the Sixt Group continued
its growth course from the previous year, and reported business performance
within its expectations. Consolidated revenue increased 4.5% to EUR 380.8
million (Q1 2011: EUR 364.4 million). Results of operations at the international
provider of mobility services remained at a high level. Despite higher operating
costs, which were expected, and the start-up costs for new operations,
consolidated earnings before taxes (EBT), at EUR 26.0 million, was only 6.2%
below the figure for the same quarter last year, EUR 27.8 million, after
adjustment for non-recurring income of EUR 4.4 million (reported prior-year
figure: EUR 32.2 million). Compared to EBT from the last quarter of 2011 (EUR
23.3 million), however, the Q1 earnings before taxes increased 11.9%. Sixt is
reporting a consolidated profit after taxes for the first three months of 2012
of EUR 17.9 million (Q1 2011: EUR 22.4 million).
As demand continued strong in the Vehicle Rental Business Unit, rental revenue
(excluding other revenue from rental business) increased 10.3% to reach EUR
215.7 million (Q1 2011: EUR 195.6 million). Growth was driven by business both
in Germany (+5.7%) and internationally (+22.1%). Overall, the Vehicle Rental
Business Unit's quarterly revenue was EUR 237.5 million (Q1 2011: EUR 217.1
million; +9.4%).
In the Leasing Segment, leasing revenue for the quarter, at EUR 93.3 million,
was down 3.4% from the prior-year equivalent of EUR 96.5 million. Total revenue
at the Leasing Business Unit for January through March came to EUR 141.2 million
(Q1 2011: EUR 145.4 million; -3.0%).
Management has reconfirmed its previous projections for 2012 as a whole. Given
the slackening economy in Europe, it assumes this year will be more difficult
than last. Sixt expects that rental revenue will continue to rise, and also
considers an increase in leasing revenue possible. Results of operations are
again expected to be good. However, macroeconomic risks and higher operating
costs may well make it difficult to repeat the very high level of earnings from
2011.
Contact:
Frank Elsner
Sixt Central Press Office
T +49 - 89 - 992 496 - 30/ - 31
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, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English