Sixt SE: Sixt SE announces new forecast for financial year 2020
|
DGAP-Ad-hoc: Sixt SE / Key word(s): Forecast Sixt SE announces new forecast for financial year 2020 Pullach, 23 November 2020 - On the basis of the figures for the first three quarters of financial year 2020 published on 12 November 2020 and the latest information on its business performance in the fourth quarter, the Managing Board of Sixt SE approved a new forecast for financial year 2020 today. Prior to this, Sixt SE had withdrawn its previous forecast for financial year 2020 on 4 August 2020 and refrained from publishing a new forecast due to the strongly increased uncertainty concerning the extent of the adverse effects in connection with the COVID-19 pandemic. For financial year 2020, the Managing Board of Sixt SE expects consolidated operating revenue of around EUR 1.50 billion (2019 adjusted: EUR 2.49 billion). Earnings before taxes (EBT) of the Sixt Group (from continuing operations) for financial year 2020 are expected to be in the range between EUR -70 million and EUR -95 million (2019 adjusted: EUR 308 million). The reason for the ranges is the COVID-19 pandemic, which is currently spreading more strongly again, and the associated contact and travel restrictions, the effects of which on the business operations of the Sixt Group are subject to a high degree of uncertainty. The new forecast is also based on the assumption that the COVID-19 pandemic will not spread even more severely in the current year and that there will be no further significant regulatory restrictions, in particular contact and travel restrictions. The results from the discontinued Leasing segment, in particular the one-off effect from the sale of the shareholding in Sixt Leasing SE, are not included in the forecast. Of these results, the shareholders of Sixt SE are entitled to earnings after taxes of around EUR 65 million. Note: "Consolidated operating revenue" is not a key figure in accordance with IFRS. Information on the composition of consolidated operating revenue is available in the 2019 Annual Report of Sixt SE on page 101 (available at ir.sixt.eu). For better comparability, the previous year's figures for financial year 2019 have been adjusted for the discontinued leasing business unit. Contact: Nicole Schillinger Head of Investor Relations Sixt SE Tel.: +49 (0)89 74444-5104 Email: investorrelations@sixt.com
23-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
| WKN: | 723132 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1150022 |
| End of Announcement | DGAP News Service |
|
|
1150022 23-Nov-2020 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.