SIXT RECORDS REVENUE GROWTH IN FIRST NINE MONTHS OF 2014
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After the first nine months of the year, Sixt revenue and earnings are on a clear growth track. The international mobility service provider increased its consolidated operating revenue by 9.2 per cent year-on-year to EUR 1.23 billion. Total group revenue climbed 7.4 per cent to EUR 1.34 billion. Consolidated earnings before taxes (EBT) for the period January to September increased 14.8 per cent to EUR 131.1 million. The third quarter business performance exceeded even the Company's own expectations.
Both the business units, vehicle rental and leasing, contributed towards improved revenue and earnings. In view of the encouraging business performance the Managing Board now projects consolidated operating revenue and Group EBT for the full year 2014 to be substantially above the corresponding figures of last year.
Erich Sixt, Chairman, Managing Board, Sixt SE said, "The first nine months figures demonstrate that Sixt is in excellent shape. We did not expect such strong demand in the third quarter, especially not the level recorded in Germany, given that general economic conditions are cooling. It is very positive for Sixt to outperform the markets and thereby continually gain market shares. We are equally upbeat for the remainder of the year, even though we have to keep watching the latest economic downturn in Europe very carefully."