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01/14/2019

Sixt Leasing starts exclusive fleet leasing cooperation with Iberofleeting in Spain and Portugal

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

14.01.2019 / 09:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing starts exclusive fleet leasing cooperation with Iberofleeting in Spain and Portugal
 

Pullach, 14 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 starting an exclusive cooperation with Iberofleeting in Spain and Portugal following a successful year-long trial phase. Iberofleeting has more than 20 years of experience in fleet leasing as a manufacturer- and bank-independent provider.

In the context of the cooperation, both companies will forward fleet customers to each other. Accordingly, Iberofleeting customers who operate fleets in Germany or any of the other around 30 countries in the Sixt Leasing network will then be able to make use of the Sixt Leasing offering. In return, Sixt Leasing customers with fleets in Spain and Portugal will be able to take advantage of Iberofleeting services.

Michael Ruhl, CEO of Sixt Leasing SE: "Through the cooperation with Iberofleeting, we strengthen our fleet leasing business with international customers and, at the same time, offer our existing customers with fleets in Spain and Portugal a partner who can provide a high-quality service locally."

Thanks to the agreement, Sixt Leasing customers enjoy the same high quality of service with Iberofleeting that they are used to from Sixt Leasing. The cooperation is an exclusive arrangement: Iberofleeting is the only cooperation partner of Sixt Leasing in Spain and Portugal. Likewise, Sixt Leasing is the only cooperation partner of Iberofleeting in the Sixt Leasing network.
 

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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
Corporate Communications
Stefan Kraus
+49 89 74444 4723
pr@sixt-leasing.com



14.01.2019 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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11/14/2018

Sixt Leasing SE increases revenue and earnings in the first nine months of 2018

DGAP-News: Sixt Leasing SE / Key word(s): 9-month figures/Quarterly / Interim Statement

14.11.2018 / 07:31
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE increases revenue and earnings in the first nine months of 2018

  • Revenue increases by more than eight per cent to over EUR 600 million
  • EBT increases by 12.3 per cent to EUR 23.4 million compared to the same period last year that was burdened by special effects
  • Potential residual value risk from diesel vehicles significantly reduced
  • Managing Board confirms targets for 2018 that were adjusted in September

Pullach, 14 November 2018 - Sixt Leasing SE, market leader in the online sales of new vehicles and specialist in the management and full-service leasing of large fleets, has increased its revenue and earnings before taxes (EBT) in the first nine months of the 2018 financial year. The contract portfolio was approximately at the previous year's level, while the potential residual value risk from diesel vehicles without buyback agreement were reduced significantly. The Managing Board confirms the forecast for the full-year 2018 that was adjusted in September.

The contract portfolio in the Online Retail business field increased by 2.3 per cent to 46,500 contracts in the period from the end of December to the end of September. In the Fleet Management business unit, the contract portfolio increased as well by 3.3 per cent to 40,700 contracts. The contract portfolio in the Fleet Leasing business field saw a reduction of 8.2 per cent to 44,100 contracts. This was in particular due to the active risk management as part of the strategy programme DRIVE>2021 to reduce the potential residual value risk from diesel vehicles without buyback agreement and the drop-out of a volume customer. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) was approximately at the previous year's level, decreasing by 1.2 per cent to 131,300 contracts.

Björn Waldow, CFO of Sixt Leasing SE: "In the first nine months of the 2018 financial year, we successfully pushed ahead with the implementation of our strategy programme DRIVE>2021, particularly with regard to the active risk management for older diesel vehicles, and held our ground well despite the ongoing diesel debate. We are also making good progress in digitalisation and preparing for internationalisation."

Consolidated revenue climbed year-on-year by 8.5 per cent to EUR 600.1 million, in particular due to the expansion of the contract portfolio in the Online Retail business field in the 2017 financial year. The Group's operating revenue (excluding sales revenues) increased by 6.8 per cent to EUR 358.0 million. Sales revenues from leasing returns and marketed customer vehicles rose disproportionately by 11.2 per cent to EUR 242.1 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 in the first nine months by 4.0 per cent to EUR 181.3 million. The financial result improved substantially by EUR 2.8 million to EUR -10.3 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) increased by 12.3 per cent to EUR 23.4 million in the first nine months of 2018 compared to the same period of the previous year that was burdened by special effects. Especially additional risk provisions for leasing vehicles have been recorded in the third quarter of 2017. The operating return on revenue improved by 0.3 percentage points to 6.5 per cent, remaining clearly above the target figure of 6.0 per cent. Consolidated net profit rose by 16.0 per cent to EUR 17.8 million.

The equity ratio amounted to 14.9 percent at the end of September 2018 and was thus 0.7 percentage points above the ratio at the end of 2017 despite the dividend payment of EUR 9.9 million in June. Gross cash flow rose by 10.5 per cent to EUR 174.5 million compared with the first nine months of 2017. At EUR 386.9 million, investments in lease assets were 10.9 per cent below the level of the same period of the previous year.

Active risk management
The potential residual value risk from diesel vehicles was reduced significantly in the first three quarters of 2018 as part of the strategy programme DRIVE>2021. In the period from January to September 2018, the share of new contracts for diesel vehicles without buyback agreement in Germany was just 15 per cent. In the fourth quarter of 2017, this figure was still at 28 per cent. Hence, Sixt Leasing SE has reached its self-defined target of around 15 per cent for the full-year 2018 already after nine months.

With the new WLTP test procedure, on 1 September 2018 stricter emission guidelines for light vehicles have entered into force. As a result, new passenger car registrations are now only permitted for the latest generations of Euro 6 diesel vehicles with significantly lower emission levels. The consequent introduction of stricter regulations and the changed framework conditions in this respect enable Sixt Leasing now to make risk management for diesel vehicles more flexible again.

Furthermore, since the start of the year, the portfolio of diesel vehicles with the Euro 5 standard and lower in Germany without buyback agreement has continued to decline strongly. Thus, the number of these vehicles on the balance sheet decreased by a good 40 per cent to only around 3,400 vehicles as of 30 September 2018 compared to the end of 2017. Since the start of 2016, in total nearly 10,000 diesel vehicles without buyback agreement with the Euro 4 and 5 standard have been sold successfully.

Outlook
For the 2018 financial year, the Managing Board expects, in line with the forecast adjusted in September, a slight increase in consolidated operating revenue and EBITDA as well as an EBT and a Group's contract portfolio approximately at the previous year's level. The target for the operating return on revenue remains unchanged at 6.0 per cent.

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The quarterly report of the Sixt Leasing Group as of 30 September 2018 can be downloaded from http://ir.sixt-leasing.com/interim-reports.

About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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


The Sixt Leasing Group in 9M 2018 at a glance1
 

Revenue development
in EUR million
9M
2018
9M
2017
Change
in %
Q3
2018
Q3
2017
Change
in %
Consolidated revenue 600.1 553.0 8.5 205.8 184.3 11.7
Thereof Leasing business unit 524.7 476.2 10.2 179.7 157.9 13.8
Thereof leasing revenue (finance rate) 176.7 169.9 4.0 59.5 57.1 4.4
Thereof other revenue from leasing business 141.7 129.8 9.2 48.2 43.1 11.9
Thereof sales revenue 206.3 176.4 16.9 71.9 57.8 24.5
Thereof Fleet Management business unit 75.4 76.8 -1.9 26.2 26.3 -0.7
Thereof fleet management revenue 39.6 35.5 11.6 14.2 11.4 24.3
Thereof sales revenue 35.8 41.4 -13.5 12.0 14.9 -19.7
             
Earnings development
in EUR million
9M
2018
9M
2017
Change
in %
Q3
2018
Q3
2017
Change
in %
Fleet expenses and cost of lease assets -378.0 -341.7 10.6 -131.7 -114.1 15.4
Personnel expenses -27.2 -24.6 10.5 -8.5 -7.8 9.1
Net other operating income/expense -13.6 -12.4 9.1 -5.3 -5.0 5.4
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 181.3 174.3 4.0 60.3 57.3 5.3
Thereof Leasing business unit 177.8 171.3 3.8 59.0 56.3 4.8
Thereof Fleet Management business unit 3.6 3.0 19.9 1.3 1.0 31.6
Depreciation and amortisation expense -147.7 -140.4 5.2 -49.6 -49.7 -0.2
Net finance costs -10.3 -13.1 -21.5 -3.1 -3.5 -10.6
Earnings before taxes (EBT) 23.4 20.8 12.3 7.5 4.0 86.8
Thereof Leasing business unit 19.9 17.9 10.6 6.2 3.1 101.8
Thereof Fleet Management business unit 3.5 2.9 22.9 1.3 1.0 38.2
Operating return on revenue (in %)2 6.5 6.2 0.3 pp 6.2 3.6 2.6 pp
Income tax expense -5.5 -5.4 2.0 -1.2 -1.1 7.5
Consolidated profit 17.8 15.4 16.0 6.3 2.9 118.0
Earnings per share (in EUR) 0.87 0.75 -      
             
Contract portfolio
 
30 Sep 2018 31 Dec 2017 Change
in %
     
Contract portfolio Group 131,300 132,900 -1.2      
Thereof Online Retail business field 46,500 45,400 2.3      
Thereof Fleet Leasing business field 44,100 48,100 -8.2      
Thereof Fleet Management business unit 40,700 39,400 3.3      
             
Balance sheet figures
in EUR million
30 Sep 2018 31 Dec 2017 Change
in %
     
Total equity and liabilities 1,435.4 1,442.8 -0.5      
Lease assets 1,253.1 1,219.2 2.8      
Equity 213.4 205.1 4.0      
Equity ratio (in %) 14.9 14.2 0.7 pp      
             
Cash Flow
in EUR million
9M
2018
9M
2017
Change
in %
Q3
2018
Q3
2017
Change
in %
Gross Cash flow 174.5 157.9 10.5 60.4 53.7 12.5
Investments in lease assets 386.9 434.4 -10.9 106.0 153.1 -30.8

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1 Figures according to IFRS; rounding differences possible
2 Ratio EBT to operating revenue (=consolidated revenue without sales revenue)



14.11.2018 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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10/30/2018

Change in the Managing Board of Sixt Leasing SE: Michael Martin Ruhl takes over CEO position from Thomas Spiegelhalter effective from 1 January 2019

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

30.10.2018 / 19:33
The issuer is solely responsible for the content of this announcement.


Change in the Managing Board of Sixt Leasing SE: Michael Martin Ruhl takes over CEO position from Thomas Spiegelhalter effective from 1 January 2019

Pullach, 30 October 2018 - The Supervisory Board of Sixt Leasing SE today appointed Mr Michael Martin Ruhl (47) as Chief Executive Officer (CEO) of Sixt Leasing SE effective from 1 January 2019. He will take over the CEO position from Mr Thomas Spiegelhalter, who asked the Supervisory Board to terminate his contract early as of 31 December 2018. The Supervisory Board has complied with this request today.

Michael Martin Ruhl has been Managing Director of Hannover Leasing GmbH & Co. KG since 2013. The company manages more than 200 investments and mutual funds with a total asset value of around 10 billion euros.

Before joining Hannover Leasing, Mr Ruhl worked for 17 years in leading sales positions. After various positions at the Commerzbank, the banker and banking business economist moved in 1997 to DaimlerChrysler Services Structured Finance GmbH, a predecessor company of DFH Deutsche Fonds Holding AG, where he was last a member of the Board.

As CEO of Sixt Leasing SE, Mr Ruhl will assume responsibility for the departments Group Strategy and Corporate Development, Sales, Marketing, Operations, Purchasing, Remarketing und Human Resources.

Erich Sixt, Chairman of the Supervisory Board of Sixt Leasing SE: "On behalf of the Supervisory Board, I would like to thank Mr Spiegelhalter for his commitment to the company and wish him all the best for the future. With Michael Martin Ruhl, we have gained a leasing expert with more than 20 years of sales experience. The Supervisory Board is convinced that with Mr Ruhl at the top, Sixt Leasing will successfully continue the growth course it has embarked on and will push ahead with the planned international expansion in the Online Retail and Fleet Management business fields."

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About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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



30.10.2018 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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10/30/2018

Sixt Leasing SE - Changes in the Managing Board: Michael Martin Ruhl (47) appointed as new CEO effective from 1 January 2019

Sixt Leasing SE / Key word(s): Change of Personnel
Sixt Leasing SE - Changes in the Managing Board: Michael Martin Ruhl (47) appointed as new CEO effective from 1 January 2019

30-Oct-2018 / 18:59 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 - Changes in the Managing Board: Michael Martin Ruhl (47) appointed as new CEO effective from 1 January 2019

Pullach, 30 October 2018 - The Supervisory Board of Sixt Leasing SE today appointed Mr Michael Martin Ruhl (47) as Chief Executive Officer (CEO) of Sixt Leasing SE effective from 1 January 2019. He will take over the CEO position from Mr Thomas Spiegelhalter, who asked the Supervisory Board to terminate his contract early as of 31 December 2018. The Supervisory Board has complied with this request today.

Michael Martin Ruhl is currently Managing Director of Hannover Leasing GmbH & Co. KG, where he is responsible for equity sales to investors. The company manages more than 200 investments and mutual funds with a total asset value of around 10 billion euros.

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


30-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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10/11/2018

Sixt Leasing SE: Sixt Mobility Consulting under new leadership: Christoph von Tschirschnitz appointed Managing Director of Sixt Mobility Consulting, set to lead the future expansion in Europe

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

11.10.2018 / 12:00
The issuer is solely responsible for the content of this announcement.


 

Sixt Mobility Consulting under new leadership: Christoph von Tschirschnitz appointed Managing Director of Sixt Mobility Consulting, set to lead the future expansion in Europe

  • Christoph v. Tschirschnitz is coming from BMW Group, where he was most recently CEO of the Region Central & Southeastern Europe.
  • Sixt Mobility Consulting is on a strong growth and expansion course: Contract portfolio is set to increase by another 50 percent to more than 60,000 contracts by the end of 2021.
  • Sixt Leasing CEO Thomas Spiegelhalter: "Christoph v. Tschirschnitz will drive forward our growth plans in particular with his international management experience."

Pullach, 11 October 2018 - Sixt Leasing SE, market leader in the online sales of new vehicles and specialist in the management and full-service leasing of large fleets, has gained Christoph von Tschirschnitz as new Managing Director of Sixt Mobility Consulting GmbH. Thereby, he will be in charge of the European business and the further national and international expansion of the Fleet Management business unit of the Sixt Leasing Group.

Sixt Mobility Consulting is one of the leading independent providers of fleet management and a wholly-owned subsidiary of Sixt Leasing SE. The fleet specialist advises companies on the management of fleets, provides all services of fleet management through innovative IT tools and analyses, serves fleet users and supports companies in procuring fleets, for example, through IT-based multi-bidding processes.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "With the appointment of Christoph von Tschirschnitz, our Group is strengthened with a Managing Director who has long-time experience in all sales and financing areas of the automotive industry, excellent knowledge of Europe's automotive and mobility markets as well as a very good network. I am convinced that his international management experience will contribute to driving forward our ambitious growth plans for the Fleet Management business unit both in Germany and abroad."

From 1992 to 2018, Christoph v. Tschirschnitz worked with the BMW Group. During this time, he successfully held various positions in the upper management in the fields Corporate Control/M&A, Distribution Channels Strategy, at BMW Motorrad and as the Director of Sales & Marketing for the BMW sales region Asia, Pacific, Africa and Eastern Europe. Before Mr v. Tschirschnitz was President and CEO of the BMW Group Region Central & Southeastern Europe from 2014 until 2018, he had been in charge of the Corporate & Direct Sales business segment as member of the BMW Group Germany management.

Christoph v. Tschirschnitz: "I am looking forward to becoming a member of the Sixt Leasing Group's management team. Individual mobility will remain an essential need of people - in their private as well as business lives. For companies the fleet is essential for operations, for employees it is a strong motivational factor - and always a major cost factor. Due to increasing requirements, either by regulatory changes, technological innovations or demands of drivers, fleet management for companies is becoming more and more complex. From my point of view, Sixt Mobility Consulting provides an enormous capability and convincing answers for companies - neutral and independent of manufactures and leasing providers. Thus, the various challenges become opportunities for an even more efficient and, for employees, attractive fleet organisation."

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About Sixt Mobility Consulting:
Sixt Mobility Consulting GmbH is one of the leading independent providers of fleet management and a wholly-owned subsidiary of Sixt Leasing SE. The fleet specialist advises and supervises company fleets independently from manufactures and leasing providers. The business is focused on classic outsourcing of fleet management including user assistance as well as support in fleet procuring, for example through implementing multi-bidding processes. The consulting scope for improving the total cost of ownership and attractive mobility solutions for employees also includes innovative, forward-looking mobility concepts.

About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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



11.10.2018 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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10/04/2018

Sixt Leasing starts autumn with 'HotCars' promotion - Fiat 500 available at a special price starting at EUR 99 per month*

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

04.10.2018 / 14:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing starts autumn with 'HotCars' promotion - Fiat 500 available at a special price starting at EUR 99 per month*

  • Special offer until the end of 2018 featuring seven popular new car models at exceptionally attractive terms

Pullach, 4 October 2018 - Sixt Leasing SE, market leader in the online sales of new vehicles and specialist in the management and full-service leasing of large fleets, starts autumn with new offerings. In the period from October 4 until December 31, 2018 the company will be providing a limited number of popular vehicle models at exceptionally attractive terms as part of the 'HotCars' promotion.

Until the end of the year, six vehicles from various manufacturers will each be available for four weeks as individually configurable new vehicles at a special price. Beginning from today, the Fiat 500 can be ordered for a monthly instalment starting at EUR 99*. Additionally, the Ford Transit will be provided specifically to commercial customers throughout the entire promotion period beginning from EUR 109 per month (excl. VAT)*.

Private and commercial customers find the current 'HotCars' at www.sixt-neuwagen.de/hotcars, where they can easily add extras and further services such as insurance or winter tyres. Customers, who do not want to miss out on any of the new offers in the coming weeks, have the opportunity to subscribe to the free Sixt Neuwagen newsletter for regular information via email.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "With our autumn promotion, at the end of the year we provide our customers with extraordinary offers at exceptionally attractive terms. As a multi-brand new vehicle portal, sixt-neuwagen.de is the first point of contact for all people who are interested in new cars and want to get a good bargain."

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* 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 www.sixt-neuwagen.de/hotcars.

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About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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
Corporate Communications
Stefan Kraus
+49 89 74444 4723
pr@sixt-leasing.com



04.10.2018 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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09/21/2018

Sixt Leasing SE expects the Group's contract portfolio as of year-end now to be at the level of the previous year; Forecasts regarding revenue and earnings confirmed

Sixt Leasing SE / Key word(s): Change in Forecast
Sixt Leasing SE expects the Group's contract portfolio as of year-end now to be at the level of the previous year; Forecasts regarding revenue and earnings confirmed

21-Sep-2018 / 22:47 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 expects the Group's contract portfolio as of year-end now to be at the level of the previous year; Forecasts regarding revenue and earnings confirmed

Pullach, 21 September 2018 - After today's conclusion of an analysis of the development of the contract numbers for the period January through August 2018 and an updated forecast for the two business units Leasing (Fleet Leasing and Online Retail) and Fleet Management, the Managing Board of Sixt Leasing SE expects the Group's contract portfolio regarding both business units as of year-end to be approximately at the level of the previous year. Previously, a slight increase of the Group's contract portfolio was forecasted.

With respect to the Online Retail business field, the Company now expects the number of new contracts in the full-year 2018 to amount to 10,000 to 12,000. Previously, the Managing Board expected an increase in new business by approximately 20 per cent compared to the adjusted number of approximately 12,000 new contracts in the previous year (not taking into account the 1&1 campaign). In the Fleet Leasing business field, a contract portfolio as of year-end of approximately 43,000 contracts is expected (2017: 48,100 contracts). Previously, the Managing Board expected a slight decrease of the contract portfolio. The forecast for the contract portfolio in the Fleet Management business unit remains unchanged.

The Company believes that the adjustment of the forecast for the Online Retail business field is, among others, caused by the postponement of an advertisement campaign, which was planned for the fourth quarter of 2018, to the following year. Moreover, a lower demand following the still tense supply situation with respect to certain manufacturers due to the transition of the emission measurement procedure of vehicles to the WLTP standard and a still burdening market environment due to the diesel discussion had an effect. The main reason for the decrease in the Fleet Leasing business field is the unexpected drop-out of a volume customer.

Nevertheless, with respect to the full-year 2018, the Company continues to expect a slight increase in consolidated operating revenue (2017: EUR 454.4 million) and consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA; 2017: EUR 234.3 million) and to expect consolidated earnings before taxes (EBT) to be approximately at the level of the previous year (2017: EUR 29.7 million). Also, the target for the operating return on revenue remains unchanged at 6.0 per cent (2017: 6.5 per cent). The Company expects the Group's contract portfolio at the end of the current year to be approximately at the level of the previous year (2017: 132,900 contracts)

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: stefan.kraus@sixt-leasing.com
Tel: +49 89 74444 4518

21-Sep-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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08/14/2018

Sixt Leasing SE increases revenue to just under EUR 400 million in the first half of 2018

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

14.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE increases revenue to just under EUR 400 million in the first half of 2018

  • Portfolio slightly increased to a total of 133,800 contracts due to growth in the Fleet Management and Online Retail business fields
  • Group revenue rose by around 7 per cent year on year to EUR 394 million, with EBT coming in as expected at almost EUR 16 million
  • Share of diesel vehicles without buyback agreement decreases again
  • Managing Board confirms targets for full-year 2018

Pullach, 14 August 2018 - Sixt Leasing SE, market leader in the online sales of new vehicles and specialist in the management and full-service leasing of large fleets, recorded further growth in revenue and contracts in the first half of 2018. Considering the solid business development so far this year, the Managing Board confirms its forecast for the 2018 financial year.

The contract portfolio in the Online Retail business field increased by 3.6 per cent to 47,000 contracts in the period from the end of December to the end of June. The Fleet Management business unit also recorded a growth of 4.6 per cent to 41,200 contracts. As expected, the contract portfolio in the Fleet Leasing business field saw a slight reduction of 5.2 per cent to 45,600 contracts, mainly following the active risk management to reduce residual value risks from diesel-powered vehicles without buyback agreement. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) rose slightly by 0.7 per cent to 133,800 contracts.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "Overall, the first half of the year was in line with our expectations. However, the sluggish transition to the new calculation logic for determining CO2 emissions ​​does not leave us unaffected. New business in the second quarter, in particular in the Online Retail business field, suffered from the fact that around one quarter of the most popular models at sixt-neuwagen.de could not be ordered. The situation is currently concerning the entire industry, but should probably calm down by the end of the year. We are planning initiatives in the further course of the year to stimulate new business in Online Retail. Accordingly, we stick to our targets for the 2018 financial year. In addition, at the end of the year Dr Felix Frank from AutoScout24 will join Sixt Leasing SE as Chief Digital Officer and give the business additional momentum."

Consolidated revenue climbed year on year by 6.9 per cent to EUR 394.3 million. The Group's operating revenue (excluding sales revenues) increased by 5.6 per cent to EUR 236.1 million. Sales revenues from leasing returns and remarketed customer vehicles saw an increase of 9.0 per cent to EUR 158.2 million. This was in particular due to the successful remarketing of the significantly higher number of vehicle returns in the Online Retail business field.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 3.4 per cent to EUR 121.0 million in the first half of the year. The financial result improved significantly compared to the first half of last year by EUR 2.4 million to EUR -7.1 million. The main reason for this was the decrease in interest expenses as a result of the repayment of a EUR 300 million portion of the Core Loan to Sixt SE in June 2017. At the end of June 2018, Sixt Leasing SE repaid the last EUR 190 million instalment of the Sixt SE loan, especially from the proceeds of the bond issuance in May. As a result, the company expects further savings in interest costs over the next twelve months.

As expected, consolidated earnings before taxes (EBT) declined by 5.6 per cent to EUR 15.8 million, in particular due to investments in IT and digitisation as well as costs for the ramp-up in staff necessary in the context of the growth plans. As a result, the operating return on revenue fell by 0.8 percentage points to 6.7 per cent, but at the same time remained significantly above the target figure of 6.0 per cent. Consolidated net profit declined by 7.7 per cent to EUR 11.5 million.

Active risk management
The share of new contracts for diesel vehicles without buyback agreements in Germany fell by a further 6 percentage points to only around 11 per cent in the second quarter. Including foreign countries, this share was 19 per cent. As expected, the German stock of diesel vehicles with the Euro 5 standard or lower without buyback agreement also continued to decline to around 4,000 vehicles in the second quarter. In the meantime, almost all vehicles with the Euro 4 standard have been sold successfully. Overall, Sixt Leasing was able to further reduce the potential residual value risk from diesel vehicles.

The equity ratio at the end of June 2018 was at 14.3 per cent, 0.1 percentage points above the ratio at the end of 2017 despite the dividend pay-out of EUR 9.9 million in June. Gross cash flow improved by 9.5 per cent to EUR 114.1 million compared to the first half of 2017. At EUR 280.9 million, investments in leased assets remained roughly at the level of the prior-year period (H1 2017: EUR 281.3 million).

The Managing Board continues to expect a slight increase of the Group's contract portfolio, consolidated operating revenue and EBITDA for the fiscal year 2018. The Board also maintains its expectation that EBT will remain at roughly the same level as the previous year. Operating return on revenue is also expected to be in line with the 6 per cent target.
 

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The full half-year report can be downloaded at http://ir.sixt-leasing.com/interim-reports.


About Sixt Leasing:
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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


The Sixt Leasing Group in Q1 2018 at a glance1

Revenue development
in EUR million
H1
2018
H1
2017
Change
in %
Q2
2018
Q2
2017
Change
In %
Consolidated revenue 394.3 368.7 6.9 192.3 181.1 6.2
   Thereof Leasing business unit 345.1 318.2 8.4 168.0 154.7 8.6
      Thereof leasing revenue (finance rate) 117.2 112.9 3.8 58.9 56.1 4.9
      Thereof other revenue f. leasing business 93.5 86.7 7.8 44.6 42.8 4.0
      Thereof sales revenue 134.4 118.7 13.3 64.5 55.8 15.7
   Thereof Fleet Management business unit 49.2 50.5 -2.6 24.3 25.6 -5.0
      Thereof fleet management revenue 25.4 24.1 5.6 12.3 12.2 1.1
      Thereof sales revenue 23.8 26.4 -10.0 12.0 14.2 -15.3
             
Earnings development
in EUR million
H1
2018
H1
2017
Change
in %
Q2
2018
Q2
2017
Change
in %
Fleet expenses and cost of lease assets -246.3 -227.5 8.3 -118.8 -110.9 7.1
Personnel expenses -18.7 -16.8 11.2 -9.6 -8.7 9.7
Net other operating income/expense -8.3 -7.4 11.6 -3.8 -1.6 138.2
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 121.0 117.0 3.4 60.2 59.9 0.5
   Thereof Leasing business unit 118.8 115.0 3.3 59.0 58.7 0.5
   Thereof Fleet Management business unit 2.3 2.0 14.1 1.2 1.2 1.2
Depreciation and amortisation expense -98.1 -90.7 8.2 -48.9 -46.6 4.8
Net finance costs -7.1 -9.6 -25.4 -3.5 -5.0 -28.8
Earnings before taxes (EBT) 15.8 16.8 -5.6 7.8 8.3 -6.0
   Thereof Leasing business unit 13.6 14.9 -8.3 6.6 7.2 -7.4
   Thereof Fleet Management business unit 2.2 1.9 15.2 1.1 1.1 3.5
Operating return on revenue (in %)2 6.7 7.5 -0.8 6.7 7.4 -0.7
Income tax expense -4.3 -4.3 0.5 -2.1 -1.8 18.8
Consolidated profit 11.5 12.5 -7.7 5.6 6.5 -12.9
Earnings per share (in Euro) 0.56 0.61 -      
             
Contract portfolio
 
30 Jun 2018 31 Dec 2017 Change
in %
     
Contract portfolio Group 133,800 132,900 0.7      
   Thereof Online Retail business field 47,000 45,400 3.6      
   Thereof Fleet leasing business field 45,600 48,100 -5.2      
   Thereof Fleet Management business unit 41,200 39,400 4.6      
             
Balance sheet figures
in EUR million
30 Jun 2018 31 Dec 2017 Change
in %
     
Total equity and liabilities 1,439.4 1,442.8 -0.2      
Lease assets 1,265.0 1,219.2 3.8      
Equity 206.2 205.1 0.5      
Equity ratio (in %) 14.3 14.2 0.8      
             
Cash flow
in EUR million
H1
2018
H1
2017
Change
in %
Q2
2018
Q2
2017
Change
in %
Gross Cash flow 114.1 104.2 9.5 60.5 57.1 5.9
Investments in lease assets 280.9 281.3 -0.1 123.7 148.5 -16.7


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1 Figures according to IFRS; rounding differences possible
2 Ratio EBT to operating revenue (=consolidated revenue without sales revenue)



14.08.2018 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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07/31/2018

Sixt Leasing appoints Dr Felix Frank from AutoScout24 as new Head of Online Business

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

31.07.2018 / 13:45
The issuer is solely responsible for the content of this announcement.


Sixt Leasing appoints Dr Felix Frank from AutoScout24 as new Head of Online Business

  • CEO Thomas Spiegelhalter: "Felix Frank is the ideal cast for this position. He will make a significant contribution to achieving our ambitious expansion plans."
  • With this step, next course for further dynamic growth in Online Retail set
  • Growth of contract portfolio by 140 percent until the end of 2021 planned

Pullach, 31 July 2018 - Sixt Leasing SE, market leader in the online sales of new vehicles and specialist in the management and full-service leasing of large fleets, has appointed Dr Felix Frank as new Chief Digital Officer (CDO) and Managing Director Online Retail. Mr Frank will move from AutoScout24 to Sixt Leasing at the end of the year and will be responsible for the online business with the platforms sixt-neuwagen.de and autohaus24.de. As Vice President Customer Product and Marketing at the Scout24 Group, Felix Frank currently heads the operational management of the digital marketplace AutoScout24 as well as the marketing and product strategy for the dealer and manufacturer business.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "We are very pleased to have hired Felix Frank, a proven expert in digital business models and a profound authority on internet automobile sales. He is the ideal cast for the position as head of the online business. I am sure that Mr Frank will make a significant contribution to achieving our ambitious expansion plans in Online Retail. We will also especially benefit from his experience in the internationalisation of the business field, which we will be pushing from 2019."

The Online Retail business field became the Sixt Leasing Group's largest business field in the first quarter of 2018. As part of the DRIVE>2021 strategy programme, the company plans to expand its Online Retail contract portfolio to over 110,000 contracts by the end of 2021. This corresponds to an average annual growth rate of around 25 percent.

Dr Felix Frank: "Digital automobile sales is currently one of the most exciting industries and will see a lot of innovation and disruption in the coming years. Sixt Leasing is the clear market leader here and, with its proven expertise in vehicle financing and fleet management, is ideally positioned to benefit from this market development. I am very much looking forward to working with the teams to shape further development."

Felix Frank has been with the Scout24 Group since 2012 and has more than ten years of professional experience in the fields of e-business, innovation management and pricing. After completing his degree in international computer science, he worked for the Boston Consulting Group for several years. During this time, he received his doctorate in the research areas of technology marketing and customer relationship management.

---

About Sixt Leasing:

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) based in Pullach near Munich is market leader in online sales of new vehicles 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 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



31.07.2018 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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07/03/2018

Correction of a release from 25.06.2018, 12:18 CET/CEST - Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE

03.07.2018 / 16:33
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Correction of a notification of Major Holding published on 25.06.2018

1. Details of issuer
Sixt Leasing SE
Zugspitzstraße 1
82049 Pullach
Germany

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
  Other reason:

3. Details of person subject to the notification obligation
Name: City and country of registered office:
Mawer Global Small Cap Fund Calgary
Canada

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached:
13 Jul 2016

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
total of both in %
(7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation 3.06 % 0 % 3.06 % 20611593
Previous notification 0 % 0 % 0 % /

7. Notified details of the resulting situation
a. Voting rights attached to shares (Sec.s 33, 34 WpHG)
ISIN absolute in %
  direct
(Sec. 33 WpHG)
indirect
(Sec. 34 WpHG)
direct
(Sec. 33 WpHG)
indirect
(Sec. 34 WpHG)
DE000A0DPRE6 630499 % 3.06 %
Total 630499 3.06 %

b.1. Instruments according to Sec. 38 para. 1 No. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
%
    Total %

b.2. Instruments according to Sec. 38 para. 1 No. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
%
      Total %

8. Information in relation to the person subject to the notification obligation
X Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
  Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least held 3% or more) % of voting rights through instruments (if at least held 5% or more) Total of both (if at least held 5% or more)
 

9. In case of proxy voting according to Sec. 34 para. 3 WpHG

Date of general meeting:
Holding position after general meeting: % (equals voting rights)

10. Other explanatory remarks:
 



03.07.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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