Sixt jumps on higher dividend after record earnings

Sixt SE

02/03/2022 08:46

** Sixt  SIXG.DE  shares jump 2.8% after the German car
rental company proposed a higher-than-expected dividend and
reported record annual earnings
    ** The company recorded EBT of EUR 442.2 mln ($490.67 mln)
in 2021, the highest in its history and at the upper end of
Sixt's own forecast range of EUR 390-450 mln
    ** It proposes a dividend of EUR 3.70 per share and EUR 3.72
per preference share, well above expectations of EUR 2.10-2.20
per share, according to a local trader
    ** "Clearly higher dividend might attract buyers; FY21
shouldn't be a positive trigger," the trader comments
    ** Sixt is among the top gainers on Germany's small-cap
index  .SDAXI 

($1 = 0.9012 euros)

 (Reporting by tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))