Sixt SE: Sixt expects earnings for the financial year 2017 to be substantially higher than in the previous year according to preliminary figures
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).
Contact: Nicole Körnig Investor Relations Sixt SE Tel.: +49 (0)89 74444-5104 Email: firstname.lastname@example.orgContact: Nicole Körnig Project Manager Investor Relations & Finance Sixt SE
09-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Sixt SE Zugspitzstraße 1 82049 Pullach
Germany Phone: +49 (0)89 74444-5104 Fax: +49 (0)89 74444-85104 E-mail: email@example.com Internet: http://ir.sixt.de ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022 WKN: 723132 Indices: SDAX Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
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