DGAP-Ad-hoc: 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 Prior to this, Sixt SE had withdrawn its previous forecast for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
1150022 23-Nov-2020 CET/CEST
(END) Dow Jones Newswires
November 23, 2020 11:35 ET (16:35 GMT)