Brief: Sixt Raises Forecast For FY 2022

Sixt SE

14/09/2022 10:38

Sept 14 (Reuters) - SIXT SE  SIXG.DE :
    * SIXT RAISES FORECAST FOR FINANCIAL YEAR 2022 SIGNIFICANTLY
    * OUTLOOK 2022: 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)
    * REASONS FOR THIS POSITIVE DEVELOPMENT ARE IN PARTICULAR
HOW
BUSINESS DEVELOPED IN AUGUST AS WELL AS EMERGING DEVELOPMENT FOR
SEPTEMBER, BOTH OF WHICH ARE SIGNIFICANTLY ABOVE PREVIOUS
EXPECTATIONS.
    * OUTLOOK 2022: EARNINGS BEFORE TAXES (EBT) FOR SIXT GROUP
IN
RANGE BETWEEN EUR 500 MILLION AND EUR 550 MILLION (MOST
RECENTLY: AT UPPER END OF FORECAST RANGE OF EUR 380 MILLION TO
EUR 480 MILLION)
    * OUTLOOK 2022: PROJECTED EBT RANGE IS ABOVE AVERAGE CURRENT
ANALYST ESTIMATE OF EUR 489 MILLION

Source text for Eikon:  ID:nEQ3PZrra 
Further company coverage:  SIXG.DE 

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