DGAP-News

Sixt SE: SIXT expects significant record annual result thanks to successful internationalisation strategy and continued high demand

DGAP-News: Sixt SE / Key word(s): Change in Forecast/Quarter Results Sixt SE: SIXT expects significant record annual result thanks to successful internationalisation strategy and continued high demand 20.10.2021 / 17:05 The issuer is solely responsible for the content of this announcement. SIXT expects significant record annual result thanks to successful internationalisation strategy and continued high demand

• Strategic investments in relevant growth markets, especially the US, are paying off and, in combination with high demand, provide the mobility service provider with a strong third quarter with preliminary consolidated earnings before taxes of around EUR 253 million, well above market expectations
• Very positive business performance driven by market share expansion in Europe and especially the US, continued high demand and continued good market price levels due to vehicle shortages
• In light of the very strong third quarter and the positive booking run-up for the fourth quarter, SIXT is raising its earnings forecast for 2021 to between EUR 390 million and EUR 450 million, which is significantly higher than the record annual result of EUR 308 million in 2019
• Alexander Sixt, Co-CEO of Sixt SE: "The investments in our internationalisation and digitalisation strategy are increasingly paying off and we have been able to further expand our strong market position. My thanks and greatest respect go to our employees, in particular. Their tireless efforts have played an important role in enabling us to significantly exceed our record annual result in 2019 - despite the fact that the year 2021 is still dominated by corona."

Pullach, 20 October 2021 - The continued strong travel activities and strategic investments in international growth markets have provided the international mobility service provider SIXT with a strong third quarter and a continued significantly more positive business development than expected by analysts. The company is benefitting from high demand into autumn in Europe and particularly in the US, as well as from a good market price level, which in turn is being driven by high demand and the limited availability of vehicles due to the shortage of semiconductors. Against this backdrop, Sixt SE raised its earnings forecast for the current financial year 2021 again today and expects to achieve a significant record annual result.