Sixt SE: Sixt SE announces new forecast for financial year 2020

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Sixt SE / Key word(s): Forecast
Sixt SE: Sixt SE announces new forecast for financial year 2020

23-Nov-2020 / 17:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Sixt SE announces new forecast for financial year 2020

Pullach, 23 November 2020 - On the basis of the figures for the first three quarters of financial year 2020 published on 12 November 2020 and the latest information on its business performance in the fourth quarter, the Managing Board of Sixt SE approved a new forecast for financial year 2020 today. Prior to this, Sixt SE had withdrawn its previous forecast for financial year 2020 on 4 August 2020 and refrained from publishing a new forecast due to the strongly increased uncertainty concerning the extent of the adverse effects in connection with the COVID-19 pandemic.

For financial year 2020, the Managing Board of Sixt SE expects consolidated operating revenue of around EUR 1.50 billion (2019 adjusted: EUR 2.49 billion). Earnings before taxes (EBT) of the Sixt Group (from continuing operations) for financial year 2020 are expected to be in the range between EUR -70 million and EUR -95 million (2019 adjusted: EUR 308 million).

The reason for the ranges is the COVID-19 pandemic, which is currently spreading more strongly again, and the associated contact and travel restrictions, the effects of which on the business operations of the Sixt Group are subject to a high degree of uncertainty. The new forecast is also based on the assumption that the COVID-19 pandemic will not spread even more severely in the current year and that there will be no further significant regulatory restrictions, in particular contact and travel restrictions.

The results from the discontinued Leasing segment, in particular the one-off effect from the sale of the shareholding in Sixt Leasing SE, are not included in the forecast. Of these results, the shareholders of Sixt SE are entitled to earnings after taxes of around EUR 65 million.

Note: "Consolidated operating revenue" is not a key figure in accordance with IFRS. Information on the composition of consolidated operating revenue is available in the 2019 Annual Report of Sixt SE on page 101 (available at ir.sixt.eu). For better comparability, the previous year's figures for financial year 2019 have been adjusted for the discontinued leasing business unit.


Contact:
Nicole Schillinger
Head of Investor Relations
Sixt SE
Tel.: +49 (0)89 74444-5104
Email: investorrelations@sixt.com

23-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Sixt SE

Zugspitzstraße 1

82049 Pullach

Germany

Phone:

+49 (0)89 74444-5104

Fax:

+49 (0)89 74444-85104

E-mail:

investorrelations@sixt.com

Internet:

http://ir.sixt.eu

ISIN:

DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024

WKN:

723132

Indices:

SDAX

Listed:

Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange

EQS News ID:

1150022


 

End of Announcement

DGAP News Service

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