EANS-Adhoc: Sixt Aktiengesellschaft / Sixt records substantial profit improvement in H1 2010, revenue performance as expected - Share buy back resolved

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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quarterly report

19.08.2010

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, share buy back

Sixt records substantial profit improvement in H1 2010, revenue
performance as expected - Share buy back resolved

Pullach, 19 August 2010 - The Sixt Group recorded a good first half
in 2010. The international mobility service provider generated a
consolidated profit before taxes (EBT) of EUR 34.8 million for the
first six months, an improvement of EUR 60.3 million on the figure
from the same period of the recession-beset prior year (EUR -25.5
million). The net profit for half-year 2010 came to EUR 25.7 million
(H1 2009: EUR -22.4 million). The substantial profit improvement was
primarily the result of the clear focus on higher-margin revenue at
both Business Units - Vehicle Rental and Leasing - as well as the
price increases initiated last year, together with substantially
lower costs and higher efficiency in processes and structures
throughout the Group.

Revenue performance for the first six months of 2010 was as expected,
maintaining high levels: consolidated revenue, at EUR 759.6 million,
was 3.0% below the corresponding figure from last year (H1 2009: EUR
782.8 million). Rental revenue in the Vehicle Rental Business Unit
(not including other revenue from rental business) grew 2.6% to EUR
374.5 million (H1 2009: EUR 364.9 million). Overall, the Vehicle
Rental Business Unit´s first-half revenue was EUR 430.3 million (H1
2009: EUR 464.9 million; -7.5%). Leasing revenue increased by 3.1% in
the first six months of 2010, to EUR 211.6 million (H1 2009: EUR
205.3 million). The Leasing Business Unit reported total revenue of
EUR 326.8 million for half-year 2010 (H1 2009: EUR 315.4 million;
+3.6%).

Consolidated revenue for the second quarter of the year, at EUR 393.6
million, was 3.1% below the prior-year level (Q2 2009: EUR 406.1
million). EBT improved substantially over the comparable figure from
Q2 2009 (EUR 9.1 million), reaching EUR 26.8 million.

Fundamentally, the Managing Board is optimistic about the Sixt
Group´s future business performance. Nevertheless, it must be
considered that uncertainty about the overall performance of the
economy - crucial for Sixt - remains high and has even grown in some
cases, for example in the debt crisis in major European states or
businesses´ continuing reluctance to invest, which still remains
evident in the leasing market. For full-year 2010, the Managing Board
still expects a substantial increase in consolidated EBT as against
last year. This expectation is based primarily on better revenue
quality, and on the cost-cutting and efficiency-enhancement measures
implemented in 2009 and so far in 2010. Consolidated revenue for
full-year 2010 is still expected to be slightly below the prior
year´s figure.

This forecast assumes that there are no unforeseen negative events
with a major impact on the Group.

Furthermore, with the consent of the Supervisory Board, the Managing
Board of Sixt AG today decided to exercise the share buy back
authorisation granted by the Annual General Meeting on 17 June 2010,
to purchase the Company´s own ordinary and preference shares on the
market for a total of up to EUR 20 million (not including incidental
expenses).

On the basis of the current trading price for the Company´s ordinary
and preference shares, this is equivalent to about 1.1 million no-par
value shares, or about 4.5 percent of the share capital. The
distribution between ordinary and preference shares will be based on
the availability of these share categories for trading on the market.

The buy back is intended to reduce capital by retiring stock. It will
be carried out in compliance with section 14(2) of the German
Securities Trading Act (WpHG), in conjunction with EC Regulation
2273/2003 (known as "Safe Harbour"). The share buy back is scheduled
to begin no earlier than 19 August 2010 and to end by 31 December
2011.

Contact:
Frank Elsner
Sixt Central Press Office
Phone: +49 - 89 - 99 24 96 - 30
Fax: +49 - 89 - 99 24 96 - 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