DGAP-News

Sixt SE: Sixt records good start into 2014

DGAP-News: Sixt SE / Key word(s): Interim Report
Sixt SE: Sixt records good start into 2014

15.05.2014 / 07:20

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CORPORATE NEWS
Sixt records good start into 2014

- Revenue and earnings significantly up on last year's figures

- Earnings before taxes (EBT) improve by 20%

- Consolidated operating revenue up 8% to EUR 353 million

- Vehicle Rental: growing domestic demand, ongoing expansion abroad

- Outlook for full year 2014 affirmed: further improvements expected for
consolidated operating revenue and Group EBT

Pullach, 15 May 2014 - Sixt SE, Germany's largest car rental company and
one of Europe's leading mobility service providers, made a good start into
2014. In the first three months, revenue and earnings were both up on last
year's figures. Alongside the improved economic conditions this was borne
out by the Group's ongoing growth initiatives, in particular the continued
expansion outside of Germany.

Consolidated earnings before taxes (EBT) increased 19.5% to EUR 26.6
million in the first three months. Consolidated operating revenue grew
encouragingly by 7.7% to EUR 352.6 million. Because of the good start into
the new fiscal year, the Managing Board confirmed its previous expectations
for the full year 2014.

Erich Sixt, Chairman of the Managing Board of Sixt SE: "We are very
satisfied with the business performance of the first quarter. Sixt is
continuing its growth track and benefits from the rebounding market demand
for mobility services. Our expansion in the USA and in European foreign
countries is gaining momentum, so that we are optimistic for the further
course of the year."

Group performance in the first three months of 2014
- Consolidated operating revenue (excluding revenue from the sale of used
leasing vehicles) increased 7.7% to EUR 352.6 million in the first
quarter (Q1 2013: EUR 327.4 million). Growth was fed by domestic
business and increasingly by foreign operations again.

- Total consolidated revenue (including revenue from the sale of used
leasing vehicles) increased 4.3% to EUR 382.6 million in the first
quarter (Q1 2013: EUR 366.9 million).

- Rental revenue for the first quarter climbed 9.5% to EUR 230.1 million
(Q1 2013: EUR 210.1 million). Demand grew across all relevant customer
groups.

- Leasing revenue was up 4.8% to EUR 100.7 million after EUR 96.1 million
in the same quarter the year before. This growth is based on a higher