FRANKFURT (dpa-AFX) - After lowering the annual targets, Sixt's ordinary shares plummeted to their lowest level since fall 2020 on Friday afternoon. The shares fell by a double-digit percentage to EUR 78.95 and are thus down 22 percent for the current year.

Sixt is now only targeting consolidated earnings before taxes (EBT) of EUR 350 to 450 million. Previously the target was 400 to 520 million. However, the Managing Board expects an improvement in the second half of the year and is also sticking to its revenue forecast./ag/jha/