Sixt SE continued its revenue and earnings growth in the first quarter of 2015. Both business units – vehicle rental and leasing, contributed towards an increase in consolidated operating revenue of 14.6 per cent to EUR 404.2 million. Group earnings before taxes (EBT) improved by 5.5 per cent to EUR 28.1 million, despite considerable expenditure for the strategic expansion measures abroad. Adjusted by the additional expenses for foreign expansion in the Vehicle Rental Unit, EBT improved by 20.3 per cent to EUR 32.0 million. On the basis of the good first quarter the Managing Board confirms its outlook for the whole of 2015.
Erich Sixt, Chairman of the Managing Board, Sixt SE said, “Sixt made a good start into 2015 and is recording solid growth in Germany and ongoing dynamic growth abroad. Our Group’s financial strength allows us to invest very consciously in foreign expansion, for example with the extension of our station network in the USA or in other major Western European markets. The successful IPO of our subsidiary, Sixt Leasing AG, in early May gives both our Business Units additional financial leeway for further growth.”
