{"id":1310,"date":"2006-08-10T06:01:00","date_gmt":"2006-08-10T06:01:00","guid":{"rendered":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/ir\/sixt-group-records-strong-growth-in-h1-2006-earnings-forecast-increased\/"},"modified":"2025-10-02T08:16:41","modified_gmt":"2025-10-02T06:16:41","slug":"sixt-group-records-strong-growth-in-h1-2006-earnings-forecast-increased","status":"publish","type":"ir","link":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/ir\/sixt-group-records-strong-growth-in-h1-2006-earnings-forecast-increased\/","title":{"rendered":"Sixt Group records strong growth in H1 2006 \u2013 Earnings forecast increased"},"content":{"rendered":"<pre><b>Sixt Aktiengesellschaft \/ Half Year Report<\/b>Ad hoc announcement according to \u00a7 15 WpHG transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------Pullach, 10 August 2006 \u2013 The Sixt Group continued the trend of increasingits earnings faster than revenue in the first half of 2006. During thisperiod, the international mobility services provider recorded 13.0% growthin consolidated operating revenue from rental and leasing business to EUR589.7 million (H1 2005: EUR 522.0 million). Total consolidated revenue(including revenue from the sale of used leasing vehicles) reached EUR727.3 million, compared with EUR 670.8 million in the prior-year period(+8.4%).Consolidated earnings before net finance costs and taxes (EBIT) improved by20.1% from EUR 64.4 million to EUR 77.3 million in the first half of theyear, thus outperforming revenue growth. At EUR 62.3 million, consolidatedprofit before taxes (EBT) rose by 70.8% on the previous year's figure (EUR36.5 million) due to positive effects in net finance costs. Consolidatedprofit after taxes and minority interests was EUR 38.6 million in the firstsix months, up 81.4% (H1 2005: EUR 21.3 million).Sixt recorded a further increase in business in its two Vehicle Rental andLeasing business units on the back of a growing customer base.In the first half of the year, the Vehicle Rental Business Unit generatedrevenue from rental business of EUR 418.6 million, compared with EUR 374.4million in the prior-year period (+11.8%). EBT increased by 109.9% from EUR26.8 million to EUR 56.4 million. The Leasing Business Unit lifted itsrevenue from leasing business by 15.9% to EUR 171.1 million (H1 2005: EUR147.6 million). At EUR 7.3 million, EBT was down slightly on the previousyear's level (EUR 7.9 million; -7.9%).In the second quarter of 2006, consolidated operating revenue increased by7.9% from EUR 283.7 million to EUR 306.0 million. EBT before one-timefactors from the impairment losses on financial assets in the amount of EUR4.4 million rose by 21.6% to EUR 34.0 million (Q2 2005: EUR 28.0 million).Unless any unforeseen events occur, the Managing Board continues to expectan increase of 10% to 15% in consolidated operating revenue for full-year2006. It is also lifting its growth forecast for operating profit to around25%.For further information, please contact: Harald EhrenSixt Corporate CommunicationTel.: ++49 \u2013 (0) \u2013 89 \u2013 7 44 44 42 40Fax: ++49 \u2013 (0) \u2013 89 \u2013 7 44 44 8 42 40 Frank ElsnerFrank Elsner Kommunikation f\u00fcr Unternehmen GmbHTel.: ++49 \u2013 (0) 54 04 \u2013 91 92 0Fax: ++49 \u2013 (0) 54 04 \u2013 91 92 29DGAP 10.08.2006 ---------------------------------------------------------------------- Language:     EnglishIssuer:       Sixt Aktiengesellschaft              Zugspitzstra\u00dfe 1              82049 Pullach DeutschlandPhone:        +49 - (0)5404 9192-0Fax:          +49 - (0)5404 9192-29E-mail:       office@elsner-kommunikation.deWWW:          www.elsner-kommunikation.deISIN:         DE0007231326WKN:          723132Indices:      SDAXListed:       Amtlicher Markt in Frankfurt (Prime Standard), M\u00fcnchen;              Freiverkehr in Berlin-Bremen, Hannover, D\u00fcsseldorf, Hamburg,              Stuttgart; Foreign Exchange(s) London End of News                                     DGAP News-Service ---------------------------------------------------------------------------<\/pre>\n","protected":false},"author":1,"parent":0,"template":"","meta":{"_acf_changed":false},"ir-category":[79],"class_list":["post-1310","ir","type-ir","status-publish","hentry","ir-category-ad-hoc-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/ir\/1310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/ir"}],"about":[{"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/types\/ir"}],"author":[{"embeddable":true,"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/media?parent=1310"}],"wp:term":[{"taxonomy":"ir-category","embeddable":true,"href":"https:\/\/sixt.sites.stage.vh3-schrittweiter.de\/en\/wp-json\/wp\/v2\/ir-category?post=1310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}