German mobility solutions provider Sixt AG (SIXGF.PK) said its consolidated profit after taxes for the first quarter declined to 17.9 million euros from 22.4 million euros in the previous year.
Earnings before taxes, or EBT, was 26 million euros, down 6.2 percent from the preceding year.
Consolidated revenue increased 4.5% to 380.8 million euros from 364.4 million euros in the prior-year quarter.
The management has also reconfirmed its previous projections for 2012 as a whole. Given the slackening economy in Europe, it assumes this year will be more difficult than last.
In addition, the company stated that the macroeconomic risks and higher operating costs may well make it difficult to repeat the very high level of earnings from 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.