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EANS-Adhoc: Sixt Aktiengesellschaft / Sixt reports stable demand in Q1 2009 - earnings dominated by adjustment effects
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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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26.05.2009
Ad hoc disclosure in accordance with section 15 WpHG (Wertpapierhandelsgesetz -
German Securities Trading Act)
Sixt AG, Zugspitzstr. 1, 82049 Pullach, Germany
WKN: 723132, ISIN: DE0007231326
WKN: 723133, ISIN: DE0007231334
Frankfurt Stock Exchange, Prime Standard Segment
Sixt reports stable demand in Q1 2009 - earnings dominated by adjustment effects
Pullach, 26 May 2009 - Sixt AG recorded a high level of stable demand in its
rental and leasing business in the first quarter of this year. Total
consolidated revenue amounted to EUR 376.7 million, down 7.2% on the figure for
the prior-year quarter. At EUR 176.8 million, the rental revenue generated by
Germany's largest car rental company (excluding other revenue from rental
business) was on a level with the first quarter of 2008 (-0.1%). Other revenue
from rental business fell by 48.8% to EUR 38.4 million. The Vehicle Rental
Business Unit recorded total revenue of EUR 215.2 million (-14.6%), while the
Leasing Business Unit increased its revenue by 2.9% in the first quarter of 2009
to EUR 101.8 million.
As expected and announced, the Group's earnings were dominated by adjustments
and one-time effects, primarily as a result of the reduction in the rental fleet
due to the significantly weakened economy. Adjusted for these effects, earnings
before taxes (EBT) were EUR -4.2 million. EBT in accordance with IFRSs amounted
to EUR -34.6 million. The Group reported a loss for the quarter of EUR 26.5
million.
On the basis of the satisfactory trend in operating demand in the first quarter
and the expected reduction in Sixt's cost base from the second quarter onwards
due to its smaller rental fleet, the Managing Board is continuing to forecast
clearly positive EBT for full-year 2009.
Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - (0) 54 04 - 91 92 0
Further inquiry note:
Andrea Zemann
Referentin Finanz- und Rechnungswesen
Tel: +49 (0)89 74444-5104
andrea.zemann@sixt.de
end of announcement euro adhoc
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emitter: Sixt Aktiengesellschaft
Zugspitzstraße 1
D-82049 Pullach
phone: +49 (0) 89 744445104
FAX: +49 (0) 89 7444485104
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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, regulated dealing:
München
language: EnglishOTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB






