Brief: Sixt Q1 Consolidated Revenue At EUR 780.2 Million

Sixt SE

03/05/2024 12:50

May 3 (Reuters) - SIXT SE  SIXG.DE :
    * ADJUSTS FORECAST FOR FINANCIAL YEAR 2024 – BUSINESS
DEVELOPMENT
IN THE SECOND QUARTER OF 2024
    * MAIN REASONS FOR EARNINGS FORECAST RESPECTIVELY ITS
REVISION ARE
A FURTHER DETERIORATION IN ECONOMIC PROSPECTS, A REPEATED
POSTPONEMENT OF INTEREST RATE REVERSAL, A RECENT DECLINE IN
MARKET PRICE LEVEL IN SOME REGIONS AND, ABOVE ALL, LOWER
RESIDUAL VALUES AND CONSEQUENTLY HIGHER VEHICLE COSTS
    * EXPECTS CONSOLIDATED EARNINGS BEFORE TAXES (EBT) OF
BETWEEN EUR
350 AND 450 MILLION (PREVIOUSLY: BETWEEN EUR 400 AND 520
MILLION)
    * IN Q1, CONSOLIDATED REVENUE TOTALLED EUR 780.2 MILLION
    * EBT AMOUNTED TO MINUS EUR 27.5 MILLION AND IS THEREFORE AT
LOWER
END OF PREVIOUSLY FORECASTED RANGE
    * FOR Q2 OF 2024, EXPECTS A FURTHER INCREASE IN CONSOLIDATED
REVENUE AND A RETURN TO PROFITABILITY WITH EBT OF BETWEEN EUR 60
AND 90 MILLION
    *  FOR Q2 OF 2024, MANAGEMENT BOARD EXPECTS A FURTHER
SIGNIFICANT
INCREASE IN CONSOLIDATED REVENUE AND A RETURN TO PROFITABILITY
WITH EBT OF BETWEEN EUR 60 AND 90 MILLION
    * EXPECTS SIGNIFICANT TAILWIND FOR SECOND HALF OF YEAR AND
BEYOND

Source text for Eikon:  ID:nEQ6cM7G9a 
Further company coverage:  SIXG.DE 

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