DGAP-Adhoc: Sixt SE: Sixt expects earnings for the financial year 2017 to be substantially higher than in the previous year according to preliminary figures
09.02.2018 (www.4investors.de) -
DGAP-Ad-hoc: Sixt SE / Key word(s): Preliminary Results
Sixt SE: Sixt expects earnings for the financial year 2017 to be substantially higher than in the previous year according to preliminary figures
09-Feb-2018 / 17:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Sixt expects earnings for the financial year 2017 to be substantially higher than in the previous year according to preliminary figures
Pullach, 9 February 2018 - Business performance of the mobility services provider Sixt SE in the financial year 2017 was substantially above last year according to an analysis of preliminary figures concluded today. Hence, consolidated earnings before taxes (EBT) for the financial year 2017 are expected to amount to around EUR 285 million (FY 2016: EUR 218 million). A strong fourth quarter of 2017 also contributed to this development, with a consolidated EBT expected to be around EUR 60 million (Q4 2016: EUR 46 million). The increase is based on a strong growth in consolidated operating revenue, combined with a substantial profit improvement in the Vehicle Rental Business Unit both in Germany and abroad. Consolidated operating revenue for the full year 2017 is expected to reach EUR 2.31 billion (FY 2016: EUR 2.12 billion). In the fourth quarter of 2017, consolidated operating revenue was around EUR 570 million (Q4 2016: EUR 517 million).
So far, the Managing Board had expected a significant increase of consolidated EBT and a solid growth of consolidated operating revenue for the full fiscal year 2017. Sixt SE will disclose its preliminary figures for the financial year 2017 as scheduled on 15 March 2018.
Note: 'consolidated operating revenue' is not a financial term according to IFRS. Information regarding the composition of the consolidated operating revenue can be found in the Annual Report 2016 of Sixt SE on p. 27 (available at ir.sixt.eu).
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