The future of mobility is digital

Financial News

06/25/2019

Sixt Leasing SE: Online market leader Sixt Neuwagen launches innovative sales partnership with Fiat and Tchibo

DGAP-News: Sixt Leasing SE / Key word(s): Alliance/Product Launch

25.06.2019 / 09:00
The issuer is solely responsible for the content of this announcement.


Dolce Vita with Sixt Leasing: Online market leader Sixt Neuwagen launches innovative sales partnership with Fiat and Tchibo - Ordering a Fiat 500 Lounge incl. City Package at a special price from EUR 85 per month via tchibo.de

  • Innovative partnership model: First joint promotion between Sixt Neuwagen, car manufacturer, car dealer and marketing partner
  • Fiat 500 Lounge MY 2020 incl. City Package from EUR 85 per month* orderable for private customers exclusively via tchibo.de
  • Promotion runs from 25 June until 12 August as long as stocks last
  • Customers can choose between three colours, three durations as well as two mileages, and optionally book servicing packages
  • Offer to be advertised by Tchibo as part of its 'La Dolce Vita' Week World
  • Digital ordering process with Video-Ident and eSigning

Pullach, 25 June 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany, is launching an innovative sales partnership with Fiat and Tchibo via its online platform sixt-neuwagen.de. Thereby, the cooperation partners are offering private customers a brand new Fiat 500 Lounge at the exclusive special price beginning from EUR 85 per month*. The promotion runs from today until 12 August as part of Tchibo's 'La Dolce Vita' Week World on the website www.tchibo.de/sixt-neuwagen and applies only for as long as stocks last. Orders can be placed very easily using Sixt Neuwagen's digital ordering process. Vehicles from the first tranche can be picked up at the Fiat dealer as early as August. The second tranche is expected to be delivered by the end of October, so that customers can get their car afterwards.

Dr Felix Frank, Managing Director Online Retail at Sixt Leasing SE: "We are delighted to launch an innovative sales partnership with Fiat and Tchibo, in which a car manufacturer, car dealers and a marketing partner are teaming up with Sixt Neuwagen for the first time. Our customers in particular benefit from this. With the Fiat 500 Lounge, we are offering them an iconic Italian car with extensive equipment, which can be used cheaply and flexibly thanks to the attractive monthly rate and the individual support. Our optional service products complete the offer."

Extensively equipped city speedster
The Fiat 500 Lounge MY 2020 convinces with Italian flair and extensive equipment. The variant offered as part of the 'La Dolce Vita' Week World is powered by a 69 hp petrol engine and can be ordered in the colours 'Gelato White', 'Opera Bordeaux Metallic' and 'Lattementa Green'. In addition, the promotional car comes standard, among others, with a two-year manufacturer's warranty, 15" alloy wheels, air conditioning, a remote control for central locking, a Uconnect radio with 7" HD touchscreen including Mirroring, as well as cruise control. Furthermore, the promotional Fiat is equipped with the City Package. This contains a rain sensor, incl. automatic driving light switch, as well as rear parking sensors.

Digital process ensures convenient ordering process
The special offer for the Fiat 500 Lounge can be accessed exclusively via the website www.tchibo.de/sixt-neuwagen. In addition to the colour, the desired duration and mileage is selectable. Duration is either 24, 36 or 48 months, and mileage 10,000 or 15,000 kilometres per year. Next, customers can order their city speedster via PC, smartphone or tablet using Sixt Neuwagen's digital ordering process. During the ordering process, all relevant data and information for the leasing contract can be entered and uploaded online. The usual identification process for leasing contracts is carried out conveniently by Video-Ident. Then, the contract can be signed without paper using eSigning.

The vehicles are delivered via the Fiat dealership network, where they are also be taken back at the end of the leasing period. When placing their order, customers have the option of selecting a participating Fiat partner near them, where they can conveniently receive their new car. At the same time, they will be given full instructions about the functionalities of the Fiat 500 Lounge, as well as further advice.

Daniel Schnell, Director Fleet & Business Sales FCA Germany AG: "For us, the sales partnership with Sixt Leasing and Tchibo is the ideal combination of a fully digital sales process via the internet and the stationary Fiat retail network. The trade partner accompanies the entire period of use of the vehicle, from delivery through maintenance to return, and is available to the customer as a contact at any time."

Roberto Debortoli, Brand Country Manager Fiat/Abarth: "Innovative vehicle and mobility concepts have been part of Fiat's brand DNA for 120 years now. In its current 2020 model year, the Fiat 500 is again the epitome of Italian automotive culture, which makes it the perfect vehicle for this partnership for FCA. I would also like to take this opportunity to thank our Fiat trade partners again, who are supporting us to jointly implement this campaign. We see this promotion as a chance to reach new customers who have not yet had Fiat in their relevant set. We expect this to generate significant additional business."

With optional service products to an all-round carefree package
In addition, customers can use attractive service products on request. Thus, an insurance as well as a maintenance and wear package can be booked on attractive terms already during the ordering process for the vehicle, and be included in the monthly leasing instalment. The insurance package with full cover, partial cover, motor vehicle liability and GAP cover is available for only EUR 58 per month. Depending on the combination of duration and mileage, the maintenance and wear package costs between EUR 23 and EUR 42 per month. Services related to this package will be handled exclusively through participating Fiat dealers. Further products and services can be ordered directly from Fiat's trading partners.

Cooperation partner with strong brand and reach
Within the 'La Dolce Vita' Week World at Tchibo, the special promotion for the Fiat 500 Lounge is being advertised by means of wide-ranging point of sale, offline and online measures. This particularly includes display stands and flyers in the Tchibo branches, integration in the in-store and order magazines, as well as newsletters and social media activities.

--

* Price applies to a kilometre-based leasing contract with a duration of 4 years, 48 monthly instalments of each EUR 85.04 (incl. VAT and costs for sending the ZLB II; plus transportation costs of EUR 399.00) with 10,000 km per year (5.70 cents per additional km). Further financing details, such as net loan amount, effective annual interest rate and nominal interest rate, as well as further details regarding consumption data can be found in the information on the website www.sixt-neuwagen.de/tchibo.

--

About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.
Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.
www.sixt-leasing.com

About Fiat Chrysler Automobiles (FCA):
Fiat Chrysler Automobiles (FCA) designs, engineers, manufactures and sells vehicles and related parts, services and production systems worldwide. FCA's automotive brands include Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, Maserati. The Group's businesses also include Mopar (automotive parts and service), Comau (production systems) and Teksid (iron and castings). FCA has around 200,000 employees worldwide. Further information is available on the internet at www.fcagroup.com.

About Tchibo:
Tchibo operates more than 1,000 branches, more than 21,200 retail depots as well as national online shops in eight countries. With this multichannel distribution system, the company offers, in addition to coffee and the single-portion systems Cafissimo and Qbo, weekly changing non-food ranges and services, such as travel and mobile. In 2017, Tchibo generated sales of 3.2 billion euros with an international workforce of around 12,100 employees. Tchibo is the roasted coffee market leader in Germany, Austria, the Czech Republic and Hungary, and is one of the leading e-commerce companies in Europe.

Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com



25.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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06/17/2019

Sixt Leasing SE: Sixt Mobility Consulting drives international expansion - New management personnel in Austria, France and the Netherlands

DGAP-News: Sixt Leasing SE / Key word(s): Expansion/Personnel

17.06.2019 / 11:10
The issuer is solely responsible for the content of this announcement.


Sixt Mobility Consulting drives international expansion - New management personnel in Austria, France and the Netherlands

  • Rainer Pflügler is the new Managing Director of the Austrian subsidiary and will thus also serve customers in Eastern Europe in the future
  • Philippe Huillard is new Chief Sales Officer (CSO) in France
  • Bas Bogerd is new Chief Commercial Officer (CCO) in the Netherlands
  • Christoph v. Tschirschnitz, Managing Director Sixt Mobility Consulting: "With the new management personnel, we have significantly strengthened our international line-up and further set the course for our future growth in Europe."

Pullach, 17 June 2019 - Sixt Mobility Consulting GmbH, one of the leading independent providers of fleet management services in Europe and a wholly-owned subsidiary of Sixt Leasing SE, is driving forward its international expansion. To this end, the company is reinforcing its foreign subsidiaries with new management personnel. Now, the mobility experts Rainer Pflügler, Philippe Huillard und Bas Bogerd are the first point of contact for corporate fleets in Austria, France and the Netherlands.

Rainer Pflügler was previously Managing Director of various subsidiaries at Porsche Inter Auto GmbH in Upper Austria, most recently at AVEG Linz-Leonding. Philippe Huillard held various management positions over a period of 20 years at ALD Automotive in France, most recently as Sales Director for Light Commercial Vehicles. Bas Bogerd worked for more than ten years in various positions at Athlon Car Lease in the Netherlands, most recently as Business Consultant Mobility at Athlon International.

Sixt Mobility Consulting aims to expand its European business significantly and broaden its range of services. Customers will be served on site by strong local teams. Rainer Pflügler has also been tasked with expanding the Austrian business to Eastern Europe via customers' subsidiaries. This will enable them to profit even more from the clear efficiency and transparency benefits that Sixt Mobility Consulting offers, thanks to its long-standing know-how in digital fleet management and extensive service network in Europe.

Christoph v. Tschirschnitz, Managing Director Sixt Mobility Consulting: "By expanding our business in Austria, France and the Netherlands, we are laying the foundations for exploiting the great market potential abroad even better. Our aim is to expand to additional countries and accelerate our mid-term growth significantly."

---

About Sixt Mobility Consulting:
Sixt Mobility Consulting GmbH (SMC) is one of Europe's leading independent providers of fleet management services and a wholly-owned subsidiary of Sixt Leasing SE. SMC advises and supports company fleets, regardless of the manufacturer or the lessor. Its focus is on classic outsourcing of fleet management, including user services and support with fleet purchasing, by means of fully digitalised multi-bidding procedure, for instance. The scope of its advisory services for optimising the total cost of ownership and providing attractive mobility solutions for employees also comprises innovative, forward looking mobility concepts.
www.mobility-consulting.com


About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.
www.sixt-leasing.com


Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com



17.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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06/04/2019

Sixt Leasing SE: Annual General Meeting votes for stable dividend and extension of the corporate purpose

DGAP-News: Sixt Leasing SE / Key word(s): AGM/EGM/Dividend

04.06.2019 / 14:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Annual General Meeting votes for stable dividend and extension of the corporate purpose

  • Annual General Meeting adopts all proposals on agenda items from Managing Board and Supervisory Board by large majority
  • Shareholders approve stable dividend of EUR 0.48 per share for financial year 2018 and vote to extend the corporate purpose
  • Managing Board plans significant further development of product and service portfolio in the current year

Pullach, 4 June 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, held a successful Annual General Meeting yesterday in Munich. Approximately 61 per cent of share capital was represented altogether. The shareholders adopted all the proposals from the Supervisory Board and Managing Board by a large majority. Items on the agenda included the appropriation of distributable profits and the extension of the corporate purpose in its Articles of Association.

Stable dividend approved
Shareholders approved the proposal to distribute a dividend of EUR 0.48 per share for the 2018 financial year, which is in line with the previous year. This represents a total dividend payment of EUR 9.9 million. The dividend pay-out ratio is therefore around 45 per cent of consolidated net profit and so in the middle of the forecast target range of 30 per cent to 60 per cent of consolidated net profit. In terms of the closing price at year-end 2018, this represents a dividend yield of 4.2 per cent. Sixt Leasing SE is thus continuing its attractive dividend policy.

Corporate purpose extended
Shareholders also approved the proposal to expand the corporate purpose. In future, the Company will therefore be able to offer or broker certain products and services independently of any lease or fleet management contract. This includes damage management, maintenance and wear-and-tear packages, insurance or tyre services.

2019 growth initiatives presented
In a presentation entitled 'The future of longer-term auto-mobility', Michael Ruhl, Chief Executive Officer (CEO) since 1 January 2019, introduced his plans to shareholders for the further implementation of the strategy programme 'DRIVE>2021' that was launched in 2018. Accordingly, the service range of Sixt Leasing is to be further developed significantly in the current year, particularly in the areas of Products, Customer Experience, Segments & Markets and Processes. The focus will be on digitalisation throughout this.

The Managing Board expects that these growth initiatives will already start to have an effect in 2019 and will achieve their full potential by 2020 at the latest. Fleet growth in Germany, extending the service business and international expansion in particular are intended to contribute to achieving the Company's medium-term growth targets by financial year 2021.

Michael Ruhl, CEO of Sixt Leasing SE: "We are pleased with the high level of approval for our proposals and would like to express our sincere thanks to our shareholders. In future, we intend to grow even faster, both in direct sales and via partnerships and cooperation agreements. This puts us in an optimal position for becoming Europe's leading provider of longer-term auto-mobility."

All the information about the Annual General Meeting 2019 and the voting results are available from the website http://ir.sixt-leasing.com.

-

About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.
www.sixt-leasing.com


Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com



04.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/08/2019

Sixt Leasing SE: Business development in Q1 2019 in line with expectations

DGAP-News: Sixt Leasing SE / Key word(s): Quarter Results/Quarterly / Interim Statement

08.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Business development in Q1 2019 in line with expectations

  • Slight decrease of Group contract portfolio and operating revenue
  • EBT with around EUR 7 million in line with expectations
  • Managing Board introducing measures in four areas to further improve business model
  • Forecast for 2019 financial year and medium-term targets for 2021 confirmed

Pullach, 8 May 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has performed as expected in the first quarter of 2019 and is confirming its forecast for the 2019 financial year as well as its medium-term targets for 2021. In addition, the Managing Board has introduced various measures to further develop the Group's business model and to increase revenue and earnings significantly over the medium term.

Michael Ruhl, CEO of Sixt Leasing SE: "Our goal for 2019 is to significantly develop our business model in the four areas of Products, Customer Experience, Segments & Markets and Processes. Our focus will be on digitalisation throughout this. In doing so, we are laying the foundation for becoming the leading provider of longer-term auto-mobility in Europe."

  • In the Products area, the existing product range will be supplemented with new more flexible and bundled offerings in order to address individual customer groups even more specifically. Moreover, in addition to new car leasing, customers should be given the opportunity to lease used vehicles, and to book individual service products independently of a leasing or fleet management contract.
  • The Customer Experience will be improved further with more user-friendly online portals, applications and processes. App-based self-service functions should give users a simple and intuitive alternative to the currently still frequently used service processing via telephone, email or fax. Furthermore, Sixt Leasing is planning to open more of its own locations where customers can pick up and return their vehicle directly.
  • In the Segments & Markets area, the Group is putting a stronger focus on smaller corporate customers in the B2B business. The Fleet Management business unit will further develop into an integrated corporate mobility manager, offering not only standard fleet management services but also integration of innovative, forward-looking mobility concepts such as mobility budgets and car sharing. On top of that, the company is seeking to expand its international operations more aggressively.
  • Sixt Leasing will gradually automate and digitise Business Processes, which are still partly manual or analogue, in order to achieve more efficient procedures both for customers and within the organisation. At the same time, the cooperation between the business fields is to be intensified in order to make better use of synergies and optimise costs.

Business performance in Q1 2019

The Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased slightly by 3.1 per cent to 125,600 contracts during the period from the beginning of January to the end of March 2019. Throughout this, the contract portfolio was adversely affected in particular by the continued high number of vehicle returns due to the successful 1&1 campaign and last year's drop-out of a volume Fleet Leasing customer.

Consolidated revenue rose by 15.2 per cent to EUR 232.7 million compared to the same period last year. This is mainly attributable to the significant increase in sales revenue, especially from the considerably higher number of sold leasing returns in the Online Retail business field. Consolidated operating revenue (excluding sales revenue) declined by 0.6 per cent to EUR 119.7 million, remaining virtually stable.

Consolidated earnings before taxes (EBT) therefore fell by 12.7 per cent to EUR 7.0 million. The operating return on revenue decreased by 0.8 percentage points to 5.9 per cent. Consolidated net profit declined by 3.8 per cent to EUR 5.7 million.


Outlook

For the 2019 financial year, the Managing Board continues to expect a slight increase of the Group's contract portfolio as well as consolidated operating revenue and EBT both at around the previous year's level. At the same time, the business development in the first half of 2019 is still expected to remain significantly weaker than in the same period of the previous year as well as the expected business development in the second half of 2019.

By the end of the 2021 financial year, the Managing Board continues to expect an increase of the Group's contract portfolio by around 50 per cent to around 200,000 contracts and a significant increase in consolidated operating revenue to around EUR 650 million. EBT is still expected to increase from just over EUR 30 million to EUR 40 to 45 million compared to the 2018 financial year.

--

About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.
www.sixt-leasing.com


Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com


THE SIXT LEASING GROUP IN Q1 2019 AT A GLANCE1

       
Revenue development
in EUR million
Q1 2019
 
Q1 2018
 
Change
in %
   Operating revenue 119.7 120.3 -0.6
   Sales revenue 113.0 81.6 38.5
Consolidated revenue 232.7 202.0 15.2
   Thereof Leasing business unit 206.6 177.1 16.7
      Thereof leasing revenue (finance rate) 56.4 58.3 -3.2
      Thereof other revenue from leasing business 47.8 48.9 -2.4
      Thereof sales revenue 102.4 69.9 46.6
   Thereof Fleet Management business unit 26.1 24.9 4.8
      Thereof fleet management revenue 15.5 13.1 17.9
      Thereof sales revenue 10.6 11.8 -9.8
       
Earnings development
in EUR million
Q1 2019
 
Q1 2018
 
Change
in %
Fleet expenses and cost of lease assets 161.1 127.5 26.3
Personnel expenses 10.6 9.1 16.4
Net other operating income/expense -3.8 -4.5 14.8
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 57.2 60.9 -6.1
Depreciation and amortisation expense 47.3 49.2 -4.0
Net finance costs -2.9 -3.6 19.2
Earnings before taxes (EBT) 7.0 8.0 -12.7
   Thereof Leasing business unit 6.2 7.0 -11.3
   Thereof Fleet Management business unit 0.8 1.0 -22.1
Operating return on revenue (in %)2 5.9 6.7 -0.8 pp
Income tax expense 1.4 2.2 -37.1
Consolidated profit 5.7 5.9 -3.8
Earnings per share (in EUR) 0.27 0.29 -
       
Contract portfolio
 
31/03/19
 
31/12/18
 
Change
in %
Group contract portfolio 125,600 129,700 -3.1
   Thereof Online Retail business field 42,400 44,700 -5.0
   Thereof Fleet Leasing business field 41,400 43,000 -3.7
   Thereof Fleet Management business unit 41,800 42,000 -0.6
       
Balance sheet figures
in EUR million
31/03/19
 
31/12/18
 
Change
in %
Total equity and liabilities 1,358.9 1,392.7 -2.4
Lease assets 1,151.6 1,204.4 -4.4
Financial liabilities 975.9 1,026.1 -4.9
Equity 222.6 216.8 2.7
Equity ratio (in %) 16.4 15.6 0.8 pp
       
Cash flow
in EUR million
Q1 2019
 
Q1 2018
 
Change
in %
Gross Cash flow 50.2 53.5 -6.2
Investments in lease assets 93.4 157.2 -40.6
       

1 Rounding differences possible
2 Ratio of EBT to operating revenue



08.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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04/16/2019

Sixt Leasing SE accelerates digitalisation of the business model and confirms forecasts

DGAP-News: Sixt Leasing SE / Key word(s): Annual Results

16.04.2019 / 08:31
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE accelerates digitalisation of the business model and confirms forecasts

  • Sixt Leasing publishes Annual Report 2018 and presents digitalisation initiatives for the financial year 2019
  • Shareholders to receive a stable dividend for the financial year 2018, subject to the approval of the Annual General Meeting
  • Managing Board still expects a significant increase in Group contract portfolio, consolidated operating revenue and EBT by the financial year 2021

Pullach, 16 April 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has published its Annual Report 2018 and presented its plans for the further implementation of its strategy programme 'DRIVE>2021' today. Accordingly, the digitalisation of the business model in particular is to be continued in the financial year 2019. The Managing Board assumes that the growth initiatives planned in this context will already start to have an effect in the current financial year and will achieve their full potential by the financial year 2020 at the latest. On this basis, the Managing Board confirms the forecast for the financial year 2019 and the outlook for 2021 adjusted in March.

Growth through digitalisation

In 2018, the company has further improved its risk-return profile and laid the foundation for future growth. In the financial year 2019, the Managing Board is shifting its focus to expanding the product and service offering and making it more flexible with various digitalisation initiatives. At the same time, efficiency gains are to be achieved by means of process optimisation.

Michael Ruhl, CEO of Sixt Leasing SE: "In 2019, we are shifting our focus from risk management to digitalisation in the implementation of our strategy programme 'DRIVE>2021'. Our vision is to become the leading provider of longer-term auto mobility in Europe. To this end, we will offer our customers the best-in-class individualised solutions. We are confident that this will accelerate our future revenue and earnings growth and bring us back onto the growth path in terms of contract portfolio."

Financial year 2018

The Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 2.4 per cent to 129,700 contracts in the financial year 2018, remaining roughly at the level of the previous year. This was due to the slow implementation of the new WLTP emission test procedure and the diesel discussion.

Consolidated revenue climbed by 8.3 per cent to a record EUR 805.8 million, in particular due to the strong contract growth in the Online Retail business field in the previous year. Consolidated operating revenue (excluding sales revenue) increased by 5.7 per cent to EUR 480.5 million.

Consolidated earnings before taxes (EBT) rose by 2.8 per cent to EUR 30.5 million. Operating return on revenue remained relatively stable at 6.4 per cent (2017: 6.5 per cent). Consolidated net profit improved by 5.1 per cent to EUR 22.0 million.

The Supervisory Board has approved the Managing Board's plan to propose a stable dividend of EUR 0.48 per share for the financial year 2018 to the Annual General Meeting on 3 June 2019.

Outlook

For the current financial year 2019, the Managing Board is still expecting a slight increase of the Group's contract portfolio as well as consolidated operating revenue and EBT both at around the previous year's level. In the course of this, business development in the first half-year 2019 is expected to be significantly weaker than in the same period of the previous year as well as the expected business development in the second half of 2019.

Regarding the mid-term outlook, the growth targets adjusted in last March continue to apply. Accordingly, the Managing Board plans to increase the Group's contract portfolio by around 50 per cent to around 200,000 contracts by the end of the financial year 2021. The key drivers will be the two business fields Online Retail and Fleet Management, where very strong growth is expected in the medium term. Regarding consolidated operating revenue, the Managing Board is expecting a significant increase to around EUR 650 million by the financial year 2021. EBT is projected to grow from currently just over EUR 30 million to EUR 40 to 45 million by 2021.

--

The outlook is based on the figures presented in the Annual Report 2018, which Sixt Leasing SE has published today and which can be downloaded from http://ir.sixt-leasing.com/annual-reports. Accordingly, the report shows no deviations from the preliminary annual figures already released in March.

About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.

www.sixt-leasing.com

Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com



16.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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04/15/2019

Sixt Leasing SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

Sixt Leasing SE / Preliminary announcement on the disclosure of financial
statements

15.04.2019 / 19:19
Preliminary announcement of the publication of financial reports according
to Articles 114, 115, 117 of the WpHG [the German Securities Act]
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Sixt Leasing SE hereby announces that the following financial reports shall
be disclosed :

Report: Annual financial report
Date of disclosure / German: April 16, 2019
German: http://ir.sixt-leasing.de/jahresberichte

Report: Annual financial report of the group
Date of disclosure / German: April 16, 2019
Date of disclosure / English: April 16, 2019
German: http://ir.sixt-leasing.de/jahresberichte
English: http://ir.sixt-leasing.com/annual-reports

Report: Financial report of the group (half-year/Q2)
Date of disclosure / German: August 12, 2019
Date of disclosure / English: August 12, 2019
German: http://ir.sixt-leasing.de/zwischenberichte
English: http://ir.sixt-leasing.com/interim-reports


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15.04.2019 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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     Language:    English
     Company:     Sixt Leasing SE
                  Zugspitzstraße 1
                  82049 Pullach
                  Germany
     Internet:    http://ir.sixt-leasing.de



     End of News    DGAP News Service

03/13/2019

Sixt Leasing SE achieves record revenue and increases earnings in 2018 financial year

DGAP-News: Sixt Leasing SE / Key word(s): Preliminary Results/Forecast

13.03.2019 / 20:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE achieves record revenue and increases earnings in 2018 financial year

  • Group contract portfolio with around 130,000 contracts roughly at previous year's level
  • Consolidated operating revenue increases by almost six per cent to more than EUR 480 million
  • Consolidated earnings before taxes (EBT) rise by almost three per cent to more than EUR 30 million
  • Managing Board makes proposal to Supervisory Board of stable dividend of EUR 0.48 per share
  • Outlook for 2019: Slight increase in Group contract portfolio as well as stable consolidated operating revenue and EBT expected
  • CEO Michael Ruhl: "In 2019, we are strengthening our focus on the topic of digitisation in order to further optimise our product range and to make our internal and customer related processes more efficient."

Pullach, 13 March 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, generated record revenue and increased its earnings in the 2018 financial year, according to preliminary calculations (IFRS). The Group's contract portfolio remained almost stable compared to the previous year, but is expected to increase again slightly in 2019. In the mid-term, the Managing Board expects significant growth, also for revenue and earnings.

Business performance
The contract portfolio in the Online Retail business field decreased by 1.6 per cent to 44,700 contracts in 2018, remaining roughly on a par at the level of the previous year. This development was influenced by two factors in particular. Firstly, new business was weaker than in the previous year primarily due to the slow implementation of the new WLTP test procedure and the related tight delivery situation for certain manufacturers. And secondly, the number of expired contracts increased sharply in the 2018 financial year due to strong contract growth over the past years.

The contract portfolio in the Fleet Management business unit increased stronger than expected by 6.6 per cent to 42,000 contracts.

The contract portfolio in the Fleet Leasing business field saw a decrease of 10.5 per cent to 43,000 contracts. This was primarily due to the unexpected loss of a volume customer and the active risk management announced at the beginning of the year. Within this initiative, the potential residual value risk posed by diesel vehicles across the total new leasing business was lowered successfully. The portfolio of diesel vehicles in Germany with the Euro 5 standard or lower without buyback agreement was thereby reduced to just approximately 2,800 vehicles as at 31 December 2018. This equates to a decline of approximately 50 per cent in comparison to the corresponding previous year's figure (31 December 2017: around 5,600 vehicles).

Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 2.4 per cent to 129,700 contracts, remaining roughly at the level of the previous year.

Consolidated revenue climbed by 8.3 per cent year-on-year to a record EUR 805.8 million, in particular due to the expansion of the contract portfolio in the Online Retail business field in the 2017 financial year. Consolidated operating revenue (excluding sales revenue) increased slightly stronger than expected by 5.7 per cent to EUR 480.5 million. Sales revenue from leasing returns and marketed customer vehicles in Fleet Management achieved above-average growth of 12.3 per cent to EUR 325.3 million. This was mainly due to a higher number of vehicle returns in the Online Retail business field.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased slightly in the 2018 financial year by 2.8 per cent to EUR 240.8 million. The financial result increased significantly year-on-year by EUR 3.0 million to EUR -13.2 million. Interest expenses were reduced significantly especially as a result of the repayment of the last two instalments of the Core Loan to Sixt SE in the amount of EUR 300 million in June 2017 and EUR 190 million in June 2018.

Consolidated earnings before taxes (EBT) rose by 2.8 per cent to EUR 30.5 million in the 2018 financial year, thereby roughly matching the previous year's figure as forecasted. Operating return on revenue remained relatively stable at 6.4 per cent (2017: 6.5 per cent). Consolidated net profit rose by 5.1 per cent to EUR 22.0 million.

Subject to the approval of the Supervisory Board, the Managing Board plans to propose a dividend of EUR 0.48 per share for the 2018 financial year to the Annual General Meeting on 3 June 2019. This proposal represents a pay-out ratio of around 45 per cent of consolidated net profit and a dividend yield of 4.2 per cent based on the closing price at year-end 2018. The ratio is therefore in the middle of the communicated target range of 30 to 60 per cent of the consolidated net profit.

Michael Ruhl, CEO of Sixt Leasing SE: "In 2018, we have made our portfolio fit for the future and thereby improved our risk-return profile significantly. In 2019, we intend to get back on our growth path and to expand the product portfolio and make it more flexible via various digitisation initiatives. At the same time, we plan to leverage cost potentials and realise efficiency enhancements through process optimisations."

Due to the recent noticeable change of the market environment and the customer preferences especially in Online Retail, Sixt Leasing is now increasingly focussing on supplementing its offerings through products and services which can be used to target further customer groups. On the basis of evolved strengths and long-time experience in the early development of customer-oriented solutions, the company is very well positioned to benefit disproportionally from the expected continuing strong market growth.

Outlook
For the current 2019 financial year, the Managing Board is forecasting a slight increase of the Group's contract portfolio as well as consolidated operating revenue and EBT both at around the previous year's level. For the first half of 2019, business development is expected to be significantly weaker than in the same period of the previous year as well as the expected business development in the second half of 2019.

On the basis of the present market and business development, the Managing Board has adjusted the medium-term growth targets. Thus, it is expecting an increase of the Group's contract portfolio to around 200,000 contracts until the end of the 2021 financial year (previously: more than 220,000 contracts). The company hence still expects very strong growth in the Online Retail and Fleet Management business fields in the medium term. Regarding consolidated operating revenue, the company expects a significant increase to around EUR 650 million by the financial year 2021 (previously: around EUR 700 million). EBT is also expected to increase significantly to a figure in the range of EUR 40 to 45 million by 2021 (previously: EUR 50 million).


About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2018, the Group generated consolidated revenue of EUR 806 million.

www.sixt-leasing.com

Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com


Note:
All fiscal year 2018 figures in this release are preliminary and subject to possible change. The final and audited 2018 consolidated annual financial statements for Sixt Leasing Group will be published on 16 April 2019.


The Sixt Leasing Group in 2018 at a glance1

       
Revenue development
in EUR million
2018
 
2017
 
Change
in %
     Operating revenue 480.5 454.4 5.7
     Sales revenue 325.3 289.6 12.3
Consolidated revenue 805.8 744.0 8.3
     Thereof Leasing business unit 705.0 637.8 10.5
          Thereof leasing revenue (finance rate) 235.2 227.6 3.3
          Thereof other revenue from leasing business 190.4 179.0 6.4
          Thereof sales revenue 279.4 231.2 20.8
     Thereof Fleet Management business unit 100.8 106.1 -5.0
          Thereof fleet management revenue 54.9 47.8 14.9
          Thereof sales revenue 46.0 58.4 -21.2
       
Earnings development
in EUR million
2018
 
2017
 
Change
in %
Fleet expenses and cost of lease assets -508.0 -460.7 10.3
Personnel expenses -36.5 -33.0 10.4
Net other operating income/expense -20.4 -16.0 28.0
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 240.8 234.3 2.8
Depreciation and amortisation expense -197.1 -188.3 4.7
Net finance costs -13.2 -16.2 -18.6
Earnings before taxes (EBT) 30.5 29.7 2.8
     Thereof Leasing business unit 26.1 25.6 2.2
     Thereof Fleet Management business unit 4.4 4.1 6.6
Operating return on revenue (in %)2 6.4 6.5 -0.1 points
Income tax expense -8.6 -8.8 -2.6
Consolidated profit 22.0 20.9 5.1
Earnings per share (in EUR) 1.07 1.01 -
       
Contract portfolio
 
31 Dec 2018 31 Dec 2017 Change
in %
Group contract portfolio 129,700 132,900 -2.4
     Thereof Online Retail business field 44,700 45,400 -1.6
     Thereof Fleet Leasing business field 43,000 48,100 -10.5
     Thereof Fleet Management business unit 42,000 39,400 6.6
       
Balance sheet figures
in EUR million
31 Dec 2018 31 Dec 2017 Change
in %
Total equity and liabilities 1,392.7 1,442.8 -3.5
Lease assets 1,204.4 1,219.2 -1.2
Equity 216.8 205.1 5.7
Equity ratio (in %) 15.6 14.2 1.4 points
       
Cash flow
in EUR million
2018
 
2017
 
Change
in %
Gross Cash flow 247.8 216.7 14.3
Investments in lease assets 475.7 619.2 -23.2
       

1 Preliminary figures according to IFRS; rounding differences possible
2 Ratio of EBT to operating revenue



13.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



 

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03/13/2019

Sixt Leasing SE: Sixt Leasing SE: Adjustment of medium-term outlook and announcement of forecast for 2019

Sixt Leasing SE / Key word(s): Change in Forecast/Forecast
Sixt Leasing SE: Sixt Leasing SE: Adjustment of medium-term outlook and announcement of forecast for 2019

13-March-2019 / 20:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Adjustment of medium-term outlook and announcement of forecast for 2019

  • Medium-term outlook: Targeting around 200,000 contracts in the Group's contract portfolio by the end of 2021 with operating revenue of around EUR 650 million and EBT of EUR 40 to 45 million for the 2021 financial year
  • Forecast 2019: Slight increase of Group contract portfolio; operating revenue and EBT at around the previous year's levels
Pullach, 13 March 2019 - On the basis of the current multi-year plan which was resolved today with the approval of the Supervisory Board, the Managing Board of Sixt Leasing SE adjusts the medium-term outlook for 2021 and announces its forecast for business development in the current financial year.

Medium-term outlook for 2021

By the end of 2021, the Managing Board now expects the Group's contract portfolio to total around 200,000 contracts. So far, the company had assumed more than 220,000 contracts. The adjustment is due in particular to weaker new leasing business in the past 2018 financial year and changed market expectations in the Online Retail business field. Nevertheless, the company continues to expect very strong growth in the Online Retail and Fleet Management business fields in the medium term. The company now aims to generate consolidated operating revenue of around EUR 650 million in the 2021 financial year. Previously, the Managing Board had assumed a target of around EUR 700 million. With regard to consolidated earnings before taxes (EBT), the Managing Board now expects a figure in the range of EUR 40 to 45 million for the 2021 financial year. The previous target was around EUR 50 million.

Forecast for business development in 2019

For the current 2019 financial year, the Managing Board is forecasting a slight increase of the Group's contract portfolio (as of the end of 2018: 129,700 contracts) as well as consolidated operating revenue (2018: EUR 480.5 million) and consolidated earnings before taxes (EBT) (2018: EUR 30.5 million) both at around the previous year's level. For the first half of 2019, business development is expected to be significantly weaker than in the same period of the previous year as well as the expected business development in the second half of 2019.

Note:

'Consolidated operating revenue' is a non-IFRS figure. Information on the composition of the consolidated operating revenue is available in the Annual Report 2017 of Sixt Leasing SE on page 102 (available under ir.sixt-leasing.com).

In addition to the Group's contract portfolio, consolidated operating revenue and consolidated earnings before taxes (EBT), the company will no longer publish separate targets for the contract portfolio of the individual business fields, consolidated revenue and consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) and will therefore no longer adhere to the targets published in the past for 2021.

--
Contact:
Stefan Kraus
Investor Relations
Email: ir@sixt-leasing.com
Tel: +49 89 74444 4518

13-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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01/31/2019

Sixt Leasing SE: Speed up and take off - Sixt Neuwagen launches joint promotion with Miles & More

DGAP-News: Sixt Leasing SE / Key word(s): Alliance

31.01.2019 / 10:10
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Speed up and take off - Sixt Neuwagen launches joint promotion with Miles & More

  • 15,000 award miles for Miles & More members who order an SUV from Sixt Neuwagen
  • Attractive SUVs from just EUR 139 per month
  • Promotion running from 1 to 28 February 2019
  • Dr Felix Frank: "Bargain hunters always stay mobile, be it on the road or in the air."

Pullach, 31 January 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, is launching a four-week promotion with Miles & More tomorrow: From February 1 to February 28, 2019, Miles & More members will receive an additional 15,000 award miles from Sixt Neuwagen when they order an SUV from https://www.sixt-neuwagen.de/milesandmore as a private customer.* Thereby, collectors of miles can either choose a quickly available stock vehicle or configure their desired SUV. Additionally, if they opt for a Vario-financing contract, they can even buy the vehicle at a predefined price at the end of the contractual term.

At the start of the promotion, six brands will be available: VW, Toyota, Land Rover, Peugeot, Kia and Mazda. The most affordable models, the Peugeot 2008 and the Mazda CX-3, are available from just EUR 139 per month.** Over the course of the promotion, brands and prices may vary.

Dr Felix Frank, Managing Director Online Retail at Sixt Leasing SE: "In February, bargain hunters do not only benefit from our attractive rates for popular SUVs, they also collect award miles from Miles & More. The 15,000 miles can be used on the next Lufthansa flight, for example, in keeping with our motto: Always stay mobile, be it on the road or in the air."

In order to snap up the award miles, Miles & More members select an SUV deal on https://www.sixt-neuwagen.de/milesandmore. Afterwards, they enter the code 'MM2019' and send a copy of their Miles & More service card to Sixt Neuwagen. Then, the new SUV can even be delivered to their front door.


---
* Offer valid while stocks last, prices subject to change. More terms and conditions of participation on https://www.sixt-neuwagen.de/milesandmore.

** The price is valid for a Vario-financing contract without upfront payment and with final payment. For further details on financing, such as net loan amount, annual percentage rate and borrowing rate, please refer to the information on the website https://www.sixt-neuwagen.de/milesandmore

---

About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is market leader in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.

Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2017, the Group generated consolidated revenue of EUR 744 million.
www.sixt-leasing.com


Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
ir@sixt-leasing.com



31.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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01/23/2019

​Sixt Leasing SE: Consolidated operating revenue of fiscal year 2018 increases by 5.7 per cent to EUR 480.5 million based on preliminary figures - Earnings development in line with expectations

Sixt Leasing SE / Key word(s): Annual Results/Preliminary Results
​Sixt Leasing SE: Consolidated operating revenue of fiscal year 2018 increases by 5.7 per cent to EUR 480.5 million based on preliminary figures - Earnings development in line with expectations

23-Jan-2019 / 18:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Consolidated operating revenue of fiscal year 2018 increases by 5.7 per cent to EUR 480.5 million based on preliminary figures - Earnings development in line with expectations


Pullach, 23 January 2019 - After internal analysis of preliminary key figures of the fiscal year 2018 completed today, consolidated revenue of the Sixt Leasing Group increased by 5.7 per cent compared to the previous year to EUR 480.5 million (2017: EUR 454.4 million). So far, the Managing Board of Sixt Leasing SE expected a slight increase. The slightly higher than expected increase of operating revenue is, among others, due to higher revenue from resold fuels.

Consolidated revenue in the fiscal year 2018 rose to EUR 805.8 million (2017: EUR 744.0 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved slightly to EUR 240.8 million (2017: EUR 234.3 million). As expected, earnings before taxes (EBT) remained at around the previous year's level, totalling EUR 30.5 million (2017: EUR 29.7 million). Operating return on revenue amounted to 6.4 per cent und was thus slightly above the long-term target of 6.0 per cent (2017: 6.5 per cent).

The contract portfolio of the Sixt Leasing Group (without franchise and cooperation partners) as of 31 December 2018 reached 129,700 contracts and thus, as expected, remained at around the previous year's level (31 December 2017: 132,900 contracts).

In the Online Retail business field, a little bit over 10,000 new contracts were concluded in the fiscal year 2018 (2017: around 12,000 new contracts adjusted by the contract conclusions from the 1&1 campaign). The guidance was at 10,000-12,000 new contracts. Hence, the contract portfolio of the Online Retail business field as of 31 December 2018 totalled 44,700 contracts (31 December 2017: 45,400 contracts).

In the Fleet Leasing business field, as expected, the contract portfolio as of 31 December 2018 declined to 43,000 contracts (31 December 2017: 48,100 contracts).

The contract portfolio of the Fleet Management business unit performed better than expected and rose by 6.6 per cent to 42,000 contracts due to a strong fourth quarter (31 December 2017: 39,400 contracts). The Company had only expected a slight increase here.

All information in this release is based on still preliminary key figures on the business development in the 2018 fiscal year. The complete set of preliminary figures will be published as planned on 14 March 2019.

Note: 'Consolidated operating revenue' and 'operating return on revenue' are non-IFRS figures. Information on the composition of the Group's operating revenue and the calculation of the operating return on revenue are available in the Annual Report 2017 of Sixt Leasing SE on page 100 (available under ir.sixt-leasing.com).

--
Contact:
Stefan Kraus
Investor Relations
Email: ir@sixt-leasing.com
Tel: +49 89 74444 4518

23-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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