EANS-Adhoc: Sixt Aktiengesellschaft / Sixt increases EBT by EUR 43 million and reports high level of stable revenue in Q1 2010

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
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responsible for the content of this announcement.
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quarterly report

20.05.2010

Ad hoc disclosure in accordance with section 15 WpHG
(Wertpapierhandelsgesetz - German Securities Trading Act) Sixt AG,
Zugspitzstr. 1, 82049 Pullach WKN: 723132, ISIN: DE0007231326 WKN:
723133, ISIN: DE0007231334 Frankfurt Stock Exchange, Prime Standard
Segment

Quarterly figures Sixt increases EBT by EUR 43 million and reports
high level of stable revenue in Q1 2010

Pullach, 20 May 2010 - The Sixt Group closed the first quarter of
2010 with a clear profit. The mobility services provider generated
profit before taxes (EBT) of EUR 8.0 million in the period from
January to March, seasonally a weaker quarter, which represents a
year-on-year improvement of EUR 42.6 million (Q1 2009: EUR -34.6
million). The Group´s quarterly profit amounted to EUR 6.4 million
(Q1 2009: EUR -26.5 million).

In both business units, Vehicle Rental and Leasing, Sixt profited
from its systematic focus on higher-margin revenue, the price
increases initiated in the previous year and an improved cost
structure. At EUR 176.0 million in Q1 2010, rental revenue (excluding
other revenue from rental business) remained at the high prior-year
level (EUR 176.8 million; -0.4%). Overall, the Vehicle Rental
Business Unit´s quarterly revenue was EUR 204.7 million (Q1 2009: EUR
215.2 million; -4.9%). The Business Unit´s EBT amounted to EUR 3.6
million (Q1 2009: EUR -38.6 million). Leasing revenue increased by
4.9% in the first quarter to EUR 106.8 million (Q1 2009: EUR 101.8
million). The Leasing Business Unit reported stable total revenue of
EUR 160.0 million in the first three months (Q1 2009: EUR 160.2
million; -0.1%). Higher contract margins lifted EBT to EUR 3.4
million in the first quarter, well above the prior-year level (Q1
2009: EUR 0.2 million).

Consolidated revenue totalled EUR 366.0 million in the first three
months of 2010 (prior-year period: EUR 376.7 million; -2.8%).

The Managing Board remains optimistic for financial year 2010 despite
the continuing economic uncertainty. Sixt will systematically
continue pursuing its goal of increasing the profitability of its
operating business according to the "earnings before revenue"
principle and of avoiding revenue that is not sufficiently
profitable. As a result, consolidated revenue for full-year 2010 is
expected to be down slightly year-on-year. On the earnings side, Sixt
will profit from improved revenue quality and the measures to cut
costs and enhance efficiency initiated in 2009. The Managing Board is
therefore confirming Sixt´s goal of significantly increasing
consolidated EBT this year, in particular following the encouraging
first quarter and business developments in the second quarter to
date. 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 - 32
E-mail: pressrelations@sixt.com

end of announcement euro adhoc
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ots Originaltext: Sixt Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Kirsten Struve

Tel.: +49(0)89 74444-4260

E-Mail: kirsten.struve@sixt.de

Branche: Automotive Equipment
ISIN: DE0007231326
WKN: 723132
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / regulated dealing