UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.00 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1189
    -0.0251 (-2.19%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.54%)
     
  • BTC-GBP

    17,397.56
    -470.01 (-2.63%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.27 (-1.62%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • NIKKEI 225

    27,153.83
    -159.30 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.68 (-1.18%)
     
  • DAX

    12,284.19
    -247.44 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

Sixt SE: SIXT raises forecast for financial year 2022 significantly

·2-min read

Sixt SE / Key word(s): Forecast/Change in Forecast
Sixt SE: SIXT raises forecast for financial year 2022 significantly

14-Sep-2022 / 11:35 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 raises forecast for financial year 2022 significantly

Pullach, 14 September 2022 – Based on the preliminary figures currently available for August and expectations for the coming months of 2022, the Management Board of Sixt SE raised its previous forecast for financial year 2022 significantly today and now expects consolidated revenue for financial year 2022 to be between EUR 2.8 billion and EUR 3.1 billion (previously: significantly above EUR 2.28 billion) and earnings before taxes (EBT) for Sixt Group in the range between EUR 500 million and EUR 550 million (most recently: at the upper end of the forecast range of EUR 380 million to EUR 480 million). The current average analyst estimate for the consolidated revenue of Sixt Group for 2022 is EUR 2.87 billion and thus within the raised forecast. The projected EBT range is above the average current analyst estimate of EUR 489 million.

The reasons for this positive development are in particular how the business developed in August as well as the emerging development for September, both of which are significantly above previous expectations. The key factors here were, in particular, the significantly higher than expected strong demand in Europe and the US, the very positive market price level, which is above the historically high levels of the previous year, and the development of the exchange rate for the US dollar. The updated forecast for financial year 2022 was prepared on the basis of the current market environment and under the assumption that there are significant uncertainties for the last quarter of financial year 2022 in view of the numerous impending macroeconomic difficulties in Europe and the US.

Sixt SE will publish its third quarter results as of 30 September on 9 November 2022 as planned.


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

14-Sep-2022 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, 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:

1442167


 

End of Announcement

DGAP News Service

show this
show this