DGAP-News

Sixt SE: Sixt stays on growth track during Q1 2015

DGAP-News: Sixt SE / Key word(s): Quarter Results
Sixt SE: Sixt stays on growth track during Q1 2015

18.05.2015 / 07:32

---------------------------------------------------------------------

Sixt stays on growth track during Q1 2015

- Consolidated operating revenue up by 14.6%

- Earnings before taxes (EBT) improve to EUR 28.1 million, adjusted by
expansion-driven additional expenditures to EUR 32.0 million

- Vehicle Rental: Good domestic demand and ongoing expansion abroad

- Leasing: Number of contracts keeps growing, Q1 EBT doubled

- Managing Board confirms expectations for the whole of 2015

Pullach, 18 May 2015 - Sixt SE, Germany's largest car rental company and
one of Europe's leading mobility service providers, continued its revenue
and earnings growth in the first quarter of 2015. Both Business Units,
Vehicle Rental and Leasing, contributed towards an increase in consolidated
operating revenue of 14.6% to EUR 404.2 million. Group earnings before
taxes (EBT) improved by 5.5% to EUR 28.1 million, despite considerable
expenditure for the strategic expansion measures abroad. Adjusted by the
additional expenses for foreign expansion in the Vehicle Rental Unit, EBT
improved by 20.3% to EUR 32.0 million. On the basis of the good first
quarter the Managing Board confirms its outlook for the whole of 2015.

Erich Sixt, Chairman of the Managing Board of Sixt SE: "Sixt made a good
start into 2015 and is recording solid growth in Germany and ongoing
dynamic growth abroad. Our Group's financial strength allows us to invest
very consciously in foreign expansion, for example with the extension of
our station network in the USA or in other major Western European markets.
The successful IPO of our subsidiary, Sixt Leasing AG, in early May gives
both our Business Units additional financial leeway for further growth."

Group performance in the first three months of 2015
- Consolidated operating revenue (excluding revenue from the sale of used
leasing vehicles) for the period January to March 2015 climbed 14.6% to
EUR 404.2 million (Q1 2014: EUR 352.6 million). The key driving factor
here was the growth of rental revenues generated abroad, which climbed
38.5% to EUR 122.1 million. Foreign growth was positively affected by
currency effects.

- Rental revenues for the first quarter were up by a total of 18.4% to
EUR 272.5 million compared with EUR 230.1 million in the same period
last year.