EANS-Adhoc: Sixt Aktiengesellschaft / Sixt posts strong earnings in Q1 2011

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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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23.05.2011

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 posts strong earnings in Q1 2011

Pullach, 23 May 2011 - The Sixt Group quadrupled its profit before taxes (EBT)
in the first quarter of 2011, to EUR 32.2 million, compared to EUR 8.0 for the
same quarter last year. This is one of the best first-quarter showings in the
history of the international mobile services provider. The profit for the
quarter was EUR 22.4 million (Q1 2010: EUR 6.4 million).

The substantial improvement in earnings came from lively demand combined with
stable overall rental prices in the Vehicle Rental Business Unit, and also from
the systematic focus on higher-margin full-service leases in the Leasing
Business Unit. Rental revenue (excluding other revenue from rental business)
grew 11.1% in the first three months, in part because of the generally positive
economic environment, to EUR 195.6 million (Q1 2010: EUR 176.0 million). Revenue
growth outside Germany was as much as 17.6%; the figure for Germany was 8.7%.
Overall, the Vehicle Rental Business Unit's quarterly revenue was EUR 217.1
million (Q1 2010: EUR 204.7 million; +6.1%).
As expected, Leasing revenue for the quarter, at EUR 96.5 million, was down from
the prior-year equivalent of EUR 106.8 million. Most of the decrease resulted
from the reduction in the number of leases during previous years, a consequence
of concentrating on the higher-margin full-service leasing business. Total
revenue at the Leasing Business Unit for January through March came to EUR 145.4
million (Q1 2010: EUR 160.0 million; -9.1%).
The Sixt Group´s total revenue for the first quarter of 2011 was EUR 364.4
million, on a par with the figure from the same period last year (EUR 366.0
million; -0.4%).

Thanks to the Company´s very satisfying business performance in the first
quarter, management has reconfirmed its previous projections for 2011 as a
whole. Despite the increase in the risk from the economy, management assumes
that demand for vehicle rental and leasing services will continue to expand.
Amid that setting, in 2011 Sixt expects Rental revenue to increase and Leasing
revenue to remain stable. Consolidated EBT is expected to grow further. This
forecast assumes that there are no unforeseen negative events with a major
impact on the Group.
Contact:
Frank Elsner
Sixt Central Press Office
Phone: +49 - 89 - 992 496 - 30/ - 31
Fax: +49 - 89 - 992 496 - 30
E-Mail: [email protected]

Further inquiry note:
Investor Relations
+49 (0)89-74444-5104
[email protected]
end of announcement euro adhoc
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issuer: Sixt Aktiengesellschaft
Zugspitzstraße 1
D-82049 Pullach
phone: +49 (0) 89 744445104
FAX: +49 (0) 89 7444485104
mail: [email protected]
WWW: http://www.sixt.de
sector: Automotive Equipment
ISIN: DE0007231326, DE0007231334
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, regulated dealing:
München
language: English

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