(Registrieren)

euro adhoc: Sixt Aktiengesellschaft / Financial Figures/Balance Sheet / Sixt continues double-digit growth after first nine months of 2008 - earnings impacted by higher fleet and financing costs

Geschrieben am 20-11-2008


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


quaterly report/Interim Report as of 30th September 2008

20.11.2008

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

Quarterly figures

Sixt continues double-digit growth after first nine months of 2008 -
earnings impacted by higher fleet and financing costs

Pullach, 20 November 2008 - In the first nine months of 2008, the
Sixt Group recorded significant, above-market revenue growth in both
the Vehicle Rental and Leasing Business Units. Consolidated profit
remains at a high level, but was affected by a clear increase in
fleet costs and by higher net finance costs. Consolidated operating
revenue from vehicle rental and leasing activities (excluding revenue
from the sale of used leasing vehicles) - the best measure of Sixt's
performance - rose by 12.1% to EUR 1.15 billion in the period from
January to September (first nine months of 2007: EUR 1.02 billion).
This was due to good domestic demand and continuing dynamic growth in
Sixt's international business. The Vehicle Rental Business Unit
generated revenue growth of 11.6% to EUR 832.6 million. Revenue from
leasing activities increased by 13.7% in the first nine months to EUR
313.5 million. Total consolidated revenue (including revenue from the
sale of used leasing vehicles) amounted to EUR 1.34 billion after
nine months (prior-year period: EUR 1.17 billion; +14.4%).

Despite the increase in costs in the operating business, consolidated
earnings before net finance costs and taxes (EBIT) reached EUR 143.1
million in the first nine months, up 3.6% on the prior-year figure
(EUR 138.1 million). The decrease in consolidated profit before taxes
(EBT) from EUR 110.9 million to EUR 95.9 million (-13.5%) is due
exclusively to substantially higher net finance costs. As in the
first half of the year, this was due to a decline in net income from
the measurement of interest rate hedging instruments, as well as
higher interest payments associated with financing the expanded
fleet.

Consolidated profit after minority interests amounted to EUR 66.1
million after nine months, 7.7% less than in the same period of the
previous year (EUR 71.6 million).

In the third quarter of 2008, consolidated operating revenue reached
EUR 408.8 million (Q3 2007: EUR 373.0 million; +9.6%). At EUR 51.4
million, EBIT was down 5.3% on the prior-year quarter (EUR 54.2
million). As a result of the effects on net finance costs already
mentioned, EBT was EUR 30.1 million (Q3 2007: EUR 40.3 million;
-25.2%).

The overall conditions for Sixt's business have continued to
deteriorate in key markets since September due to the general
economic downturn and the financial crisis. The higher level of costs
in Sixt's operating business, rising financing costs and the slump on
the German used vehicle market will continue to dampen earnings
performance in the fourth quarter. The impact of the economic
downturn on demand for mobility services cannot yet be clearly
estimated.

Despite this adverse environment, the Managing Board is reiterating
its goal of increasing consolidated operating revenue in full-year
2008. Consolidated EBT is expected to reach a figure of around EUR
100 million. This forecast assumes that there are no negative events
with a major impact on the Group.

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


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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / regulated dealing


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

171699

weitere Artikel:
  • euro adhoc: freenet AG / Layoffs & Downsizing / freenet presents integration plan for improved competitiveness -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 20.11.2008 Büdelsdorf, 20 November 2008 - The management of freenet AG and the debitel Group has drawn up plans for the future of the freenet Group´s mobile telephony business, based on an analysis performed by debitel and freenet´s joint integration mehr...

  • euro adhoc: freenet AG / Entlassungen / Integrationsplanung zur Steigerung der Wettbewerbsfähigkeit vorgelegt -------------------------------------------------------------------------------- Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- Unternehmen 20.11.2008 Büdelsdorf, 20. November 2008 - Der Vorstand der freenet AG und der debitel Group haben auf Basis der Analyse des gemeinsamen debitel- und freenet-Integrationsteams Planungen für die künftige Aufstellung des Mobilfunkgeschäfts mehr...

  • euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Geschäftszahlen/Bilanz / Schoeller-Bleckmann Oilfield Equipment AG erwartet Rekordgeschäftsjahr 2008: Vorerst keine Abkühlung der Branchenkonjun -------------------------------------------------------------------------------- Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- Quartalsbericht 20.11.2008 Ternitz, 20. November 2008. Die im ATX der Wiener Börse notierte Schoeller-Bleckmann Oilfield Equipment AG (SBO) setzte den positiven Geschäftsverlauf des ersten Halbjahres auch im dritten Quartal 2008 fort. Der mehr...

  • euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Financial Figures/Balance Sheet / Schoeller-Bleckmann Oilfield Equipment AG expects to post record business year 2008: At the moment no slowdown -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- quaterly report 20.11.2008 Ternitz, 20 November 2008. Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, continued the positive business development of the first half-year throughout the third quarter of 2008. mehr...

  • VHV Gruppe erwirbt Aktienpaket in Höhe von 7,4 Prozent an Nationale Suisse Hannover / Basel (ots) - Langfristiges Investment schafft Grundlage für strategische Zusammenarbeit im Bereich Bauversicherung, IT und der standardisierten Vertrags- und Schadensbearbeitung Die VHV Gruppe, Hannover, erwirbt 7,4 Prozent Stammaktien (78.000 Stück) an Nationale Suisse, Basel / Schweiz. Die Aktien wurden bisher im Eigenbestand des schweizerischen Versicherungsunternehmens gehalten. Das haben beide Unternehmen heute mitgeteilt. Die Beteiligung ist Teil einer langfristig angelegten strategischen Zusammenarbeit, mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht