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EQS-Ad-hoc: Sixt SE / Key word(s): Change in Forecast
Sixt SE: SIXT adjusts forecast for financial year 2024 - Business development in the second quarter of 2024
03-May-2024 / 13:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
SIXT SE: SIXT adjusts forecast for financial year 2024 - Business development in the second quarter of 2024
Pullach, 3 May 2024
The Management Board of Sixt SE adjusted its previous forecast for financial year 2024 today on the basis of the
figures for the first quarter of 2024, developments in April and expectations for the coming months of 2024. The
Management Board continues to expect significant growth in consolidated revenue for financial year 2024 compared to the
previous year (financial year 2023: EUR 3.62 billion), but now expects consolidated earnings before taxes (EBT) of
between EUR 350 and 450 million (previously: between EUR 400 and 520 million). In the first quarter, consolidated
revenue totalled EUR 780.2 million. EBT amounted to minus EUR 27.5 million and is therefore at the lower end of the
previously forecasted range. For the second quarter of 2024, the Management Board expects a further significant
increase in consolidated revenue and a return to profitability with EBT of between EUR 60 and 90 million (Q2 2023:
consolidated revenue of EUR 925.1 million, EBT of EUR 131.9 million).
The main reasons for the earnings forecast respectively its revision are a further deterioration in the economic
prospects, a repeated postponement of the interest rate reversal, a recent decline in market price level in some
regions and, above all, lower residual values and consequently higher vehicle costs.
SIXT expects significant tailwind for the second half of the year and beyond. Besides various measures aimed at
generating additional, profitable revenue and measures to further increase efficiency, this is due in particular to the
improvement in fleet costs due to the continued reduction of electric vehicles and the increased addition of new
vehicles to the fleet acquired at more favourable conditions compared to the years in which there were vehicle
shortages.
Sixt SE will publish a press release in the course of today and announce the quarterly statement for the first quarter
of 2024 that ended on 31 March as planned on 7 May 2024.

Contact:
Alexander Enge
Director Investor Relations
Sixt SE
Phone: +49 (0)89 74444-5104
e-mail: investorrelations@sixt.com
End of Inside Information
03-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
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, DE000A2G9HU0 Sixt-Anleihe 2018/ 

2024, DE000A3H2UX0 Sixt-Anleihe 2020/2024

WKN:          723132 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, 

Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1895371

End of Announcement EQS News Service
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1895371 03-May-2024 CET/CEST

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END) Dow Jones Newswires

May 03, 2024 07:47 ET (11:47 GMT)