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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by RTT Staff Writer
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