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euro adhoc: Sixt Aktiengesellschaft / Financial Figures/Balance Sheet / Sixt Group records 33.9% earnings increase in 2006

Geschrieben am 15.03.2007 - [Nächster Artikel]


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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15.03.2007

Pullach, 15 March 2007 - The Sixt Group generated record operating
revenue and earnings for financial year 2006. According to
preliminary figures, consolidated earnings before taxes (EBT)
increased by 33.9% to EUR 121.6 million (previous year: EUR 90.9
million). This again outperforms the forecasts of an increase in
operating profit of at least 25%, which had been lifted on several
occasions during the course of the year. The mobility services
provider reported consolidated earnings after taxes of EUR 73.8
million, up 31.7% on the prior-year period (EUR 56.0 million).

The extremely positive earnings development was due to the further
significant growth of the operating business, progress made in
international expansion and costs that rose at a lower pace than
sales. Consolidated operating revenue from the rental and leasing
business (excluding revenue from the sale of used leasing vehicles),
which best reflects Sixt's business development, rose by 12.6% to EUR
1.21 billion in 2006 (previous year: EUR 1.08 billion). This puts it
within the announced target range (10-15% increase). Total
consolidated revenue (including revenue from the sale of used leasing
vehicles) reached EUR 1.44 billion, compared with EUR 1.34 billion in
the prior-year period (+8.0%).

The Managing Board is optimistic for business development in 2007.
However, it continues to expect general cost increases, particularly
for fleet costs; it aims to offset these with higher market prices
and further improvements in efficiency.

Sixt expects that its consolidated operating revenue and consolidated
operating profit will continue to increase in 2007. This is based on
the assumptions that the market will accept price increases, that the
macroeconomic environment develops as forecasted, that the used
vehicle market does not deteriorate and that no unforeseen negative
events occur that could significantly impact Sixt’s business.

Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH,
Tel.: ++49 - (0) 54 04 - 91 92 0
Fax: ++49 - (0) 54 04 - 91 92 29


end of announcement euro adhoc 15.03.2007 07:08:39
--------------------------------------------------------------------------------


ots Originaltext: Sixt Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Stefanie Hausmann
Tel.: +49 (0) 89 74444-4260
E-Mail: stefanie.hausmann@sixt.de

Branche: Automotive Equipment
ISIN: DE0007231326
WKN: 723132
Index: SDAX, CDAX
Börsen: London Stock Exchange / stock market
Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / official dealing
 
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