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05/02/2018

Sixt Leasing SE successfully issues a EUR 250 million bond as part of a new debt issuance programme

DGAP-News: Sixt Leasing SE / Key word(s): Issue of Debt/Financing

02.05.2018 / 12:54
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE successfully issues a EUR 250 million bond as part of a new debt issuance programme

  • Bond enables independent refinancing of the Sixt Leasing Group from Sixt SE and other growth investments
  • Issue marks successful start to a EUR 1 billion debt issuance programme

Pullach, 2 May 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist for the management and full-service leasing of large fleets, successfully placed a bond with a volume of EUR 250 million on the capital market (ISIN: DE000A2LQKV2 / WKN: A2LQKV). The issue was met with strong demand from domestic and international investors. The bond has a term of four years and a coupon of 1.500 per cent per year and is divided into shares of nominally EUR 1,000.

The proceeds from the successful placement of the bond are to be used for general corporate financing and, in particular, to repay the final outstanding amount of EUR 190 million from the Core Loan provided by Sixt SE at the earliest possible time in the end of June 2018. Hence, Sixt Leasing SE is able to successfully complete the transition of the Sixt Leasing Group's financing, which began after the IPO in 2015, towards independent, external funding instruments.

The issue is the first bond under a newly launched EUR 1 billion debt issuance programme, which enables Sixt Leasing SE to flexibly issue further bonds. The debt issuance programme shall especially support the financing of the planned growth as part of the recently introduced strategy programme 'DRIVE>2021'. The aim of 'DRIVE>2021' is to increase the pace of digitalisation, to improve the risk-return profile, to further push ahead international expansion and to significantly increase the contract portfolio and earnings by the year 2021.

Arrangers of the debt issuance programme and joint lead managers for the first bond are Berenberg, Commerzbank, NORD/LB and UniCredit Bank.

Björn Waldow, CFO of Sixt Leasing SE: "The successful bond issue and the scheduled repayment of the final amount of the Core Loan to Sixt SE mean that in future we will be able to refinance ourselves fully independently of our major shareholder and, at the same time, further reduce interest expenses. In addition, the newly launched debt issuance programme is an essential and flexible basis for financing important growth investments and the planned increase of the contract portfolio until the year 2021."


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 revenue of EUR 744 million.
www.sixt-leasing.com

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



02.05.2018 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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04/17/2018

Sixt Leasing SE retains positive outlook on business growth after record revenue in 2017 and the successful launch of the 'DRIVE>2021' strategy programme

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

17.04.2018 / 08:12
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE retains positive outlook on business growth after record revenue in 2017 and the successful launch of the 'DRIVE>2021' strategy programme

  • Sixt Leasing releases 2017 Annual Report recording record revenue and a significant increase of its contract portfolio
  • Supervisory Board approves Managing Board plan to propose a stable dividend for the fiscal year 2017 at Annual General Meeting
  • 'DRIVE>2021' strategy programme to form the basis for even stronger and more profitable growth in the future in the 2018 fiscal year
  • Contract portfolio, revenue and earnings expected to increase significantly by the end of 2021

Pullach, 17 April 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist in management and full-service leasing for large fleets, has released its Annual Report for 2017 today and retains its positive outlook on business growth after record revenue in 2017 and the successful launch of the 'DRIVE>2021' strategy programme. Thus, the Managing Board is confident of laying the foundation for even stronger and more profitable growth in the future in the 2018 fiscal year and thereby achieving the 'DRIVE>2021' growth targets over the next four years as planned.

Therefore, the Managing Board continues to expect an increase of at least 60 per cent in the Group's contract portfolio to more than 220,000 contracts and a growth of consolidated revenue of at least one third to more than EUR 1 billion by the end of the 2021 fiscal year, with operating revenue increasing by 50 per cent to around EUR 700 million. The Managing Board is also maintaining its assumption that earnings before interest, taxes, depreciation and amortisation (EBITDA) and consolidated earnings before taxes (EBT) will each rise by around two thirds to around EUR 400 million and around EUR 50 million respectively by the 2021 fiscal year, with the operating return on revenue (EBT/operating revenue) therefore amounting to around 7 per cent in 2021.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "Our successfully launched 'DRIVE>2021' strategy programme stands for Digitalisation, Risk management, Internationalisation as well as Volume and Earnings growth up to the year 2021. The aim of 'DRIVE>2021' is to increase the pace of digitalisation, to improve our risk-return profile, to further push ahead with internationalisation and to significantly increase the contract portfolio as well as earnings. The measures we have initiated have already shown a positive effect and make us confident of achieving our ambitious growth targets by the end of fiscal year 2021."

This outlook is based on the figures presented in the 2017 Annual Report, which Sixt Leasing SE has published and made available for download at ir.sixt-leasing.de/annual-reports today. The report shows no deviations from the preliminary annual figures already released in March.

Fiscal year 2017

In fiscal year 2017, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) increased significantly by 17.0 per cent to 132,900 contracts compared to the previous year. The biggest growth driver was the Online Retail business field with a 65.6 per cent increase in the contract portfolio. The Fleet Leasing and Fleet Management business fields saw slight increases of 1.2 per cent and 1.9 per cent respectively.

Consolidated revenue climbed by 4.2 per cent to reach a record amount of EUR 744.0 million. The Group's operating revenue (excluding sales revenue) improved by 5.7 per cent to EUR 454.4 million and thereby achieved a new record, too. Sales revenue from leasing returns and marketed customer vehicles saw a slight increase of 2.0 per cent to EUR 289.6 million.

EBITDA increased slightly by 2.5 per cent to EUR 234.3 million while EBT decreased by 5.9 per cent to EUR 29.7 million as expected. As a result, the operating return on revenue fell slightly by 0.8 percentage points to 6.5 per cent, but at the same time remained above the target figure of 6.0 per cent. The equity ratio amounted to 14.2 per cent, down from 16.6 per cent in the previous year, and was thus also further above the minimum target of 14.0 per cent. Gross cash flow improved by 11.2 per cent to EUR 216.7 million. Investments in lease assets significantly increased by 31.3 per cent to EUR 619.2 million. The financial result improved noticeably by 16.8 per cent to EUR -16.2 million due to the repayment of a portion of the Core Loan in the amount of EUR 300 million to Sixt SE.

Consolidated net profit declined by 15.2 per cent to EUR 20.9 million. Nevertheless, the Supervisory Board has approved the Managing Board's plan to propose a stable dividend of EUR 0.48 per share for the fiscal year 2017 to the Annual General Meeting on 19 June 2018.

Outlook 2018

The Managing Board continues to expect a slight increase in 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. Moreover, the Managing Board continues to expect the Online Retail business field to become the largest business field within the Sixt Leasing Group as measured by contract portfolio size.

Thomas Spiegelhalter: "The future of mobility is digital. For this reason, the digitalisation of new vehicle sales through our dynamically growing Online Retail business field will play a key role in the implementation of 'DRIVE>2021'. In the current fiscal year, Online Retail will already be the business field with the largest contract portfolio in the Sixt Leasing Group."


About Sixt Leasing:

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

Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 (0)89 744 444 518
ir-leasing@sixt.com



17.04.2018 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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04/13/2018

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

13.04.2018 / 18:56
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 17, 2018
German: http://ir.sixt-leasing.de/jahresberichte

Report: Annual financial report of the group
Date of disclosure / German: April 17, 2018
Date of disclosure / English: April 17, 2018
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 14, 2018
Date of disclosure / English: August 14, 2018
German: http://ir.sixt-leasing.de/zwischenberichte
English: http://ir.sixt-leasing.com/interim-reports


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

13.04.2018 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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

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



     End of News    DGAP News Service

03/14/2018

Sixt Leasing SE achieves another record revenue in the fiscal year 2017- Managing Board launches 'DRIVE>2021' strategy programme - Significant increase in contract portfolio, revenue and earnings expected by 2021

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

14.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing achieves another record revenue in the fiscal year 2017- Managing Board launches 'DRIVE>2021' strategy programme - Significant increase in contract portfolio, revenue and earnings expected by 2021

  • Group revenue rise to new all-time high of EUR 744 million
  • Online Retail business field drives growth in Group's contract portfolio
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) grow by 2.5 per cent to EUR 234.3 million
  • Financial result significantly improved due to lower interest expenses
  • Earnings before taxes (EBT) of around EUR 30 million in line with expectations
  • 'DRIVE>2021' strategy programme initiated for profitable growth by 2021
  • Outlook for 2018: slight increase in contract portfolio, operating revenue and EBITDA expected as well as EBT approximately on prior year's level
  • Targets for 2021: Significant increase of contract portfolio to more than 220,000 contracts (+>60 per cent), increase in revenue to more than EUR 1 billion (+>33 per cent) and significant increase in EBT to around EUR 50 million (+66 per cent)

Pullach, 14 March 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist in management and full-service leasing for large fleets, has continued its growth course in fiscal year 2017 and once again achieved record revenue. According to preliminary calculations (IFRS), consolidated revenue rose to EUR 744.0 million. This exceeded the previous year's record by 4.2 per cent. As expected, the Group's operating revenue (excluding sales revenue) increased slightly and improved by 5.7 per cent to EUR 454.4 million, reaching a new record level as well. Sales revenue from leasing returns and marketed customer vehicles saw a slight increase of 2.0 per cent to EUR 289.6 million.

The biggest growth driver was the Online Retail business field with a 65.6 per cent increase in the contract portfolio compared to the previous year. Besides the solid growth in the platform business, this business field benefitted also from the high demand for the 'flat rate for the road' from the joint sales campaign with Peugeot and the mobile phone and internet provider 1&1. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) rose by 17.0 per cent to 132,900 contracts.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 2.5 per cent to EUR 234.3 million. As expected, consolidated earnings before taxes (EBT) fell by 5.9 per cent to EUR 29.7 million. The main reasons for this were growth investments in digitalisation and IT solutions as well as additional risk provisions for the residual values of leased vehicles. As a result, the operating return on revenue (EBT/operating revenue) fell slightly by 0.8 percentage points to 6.5 per cent, but remained above the target figure of 6.0 per cent. The equity ratio amounted to 14.2 per cent, down from 16.6 per cent in the previous year, and was thus also further above the minimum target of 14.0 per cent.

Gross Cash flow improved by 11.2 per cent to EUR 216.7 million. Investments in lease assets increased by 31.3 per cent to EUR 619.2 million.

The financial result again improved significantly: despite the considerably increased lease assets, the previous year's result of EUR -19.5 million shrank by 16.8 per cent to EUR -16.2 million, thus by twice as much as in 2016. The main reason for this was the repayment of a portion of the Core Loan in the amount of EUR 300 million to Sixt SE at the mid-year point. The volume was replaced by independent financing instruments at significantly improved parameters, resulting in a further significant reduction in interest expenses in the second half of the year.

All in all, the consolidated net profit of Sixt Leasing SE amounted to EUR 20.9 million, which corresponds to a decline of 15.2 per cent compared to the previous year. Despite the high growth investments, the Managing Board plans to propose a stable dividend of EUR 0.48 per share for the fiscal year 2017 to the Annual General Meeting on 19 June 2018, subject to the approval of the Supervisory Board. This dividend proposal corresponds to a pay-out ratio of around 47 per cent of net profit and to a dividend yield of 2.5 per cent on the basis of the 2017 year-end share price. The ratio therefore lies within the communicated target range of 30 to 60 per cent of net profit.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "In 2017, we continued on our growth course and, in particular, successfully promoted the digitalisation of new vehicle sales. In 2018, we intend to lay the foundation for even stronger and more profitable growth in the future. To this end, we have initiated the strategy programme 'DRIVE>2021'. The name stands for Digitalisation, Risk management, Internationalisation as well as Volume and Earnings growth up to the year 2021. The aim of 'DRIVE>2021' is to increase the pace of digitalisation, to actively manage potential risks from diesel residual values, to further push ahead with internationalisation and to significantly increase the contract portfolio as well as earnings. First measures necessary for the implementation of the programme have already been initiated. 2018 will therefore become a transitional year. Over the next four years, however, we expect a noticeable positive effect, especially in the Online Retail and Fleet Management business fields, accompanied by a significant increase in contract portfolio, sales and earnings of the Sixt Leasing Group."

Leasing segment (Fleet Leasing and Online Retail)
The contract portfolio in the Leasing segment, which comprises the Fleet Leasing and Online Retail business fields, developed very positively in the fiscal year 2017. It rose by 24.7 per cent to 93,500 contracts (31 December 2017), three times as much as in the previous year. Online Retail continued its dynamic growth and increased the contract portfolio by 65.6 per cent to 45,400 contracts, as expected. At the same time, Fleet Leasing recorded a slight increase of 1.2 per cent to 48,100 contracts. Total revenue of the Leasing segment increased by 1.8 per cent to EUR 637.8 million. EBITDA improved by 2.3 per cent to EUR 230.0 million. EBT amounted to EUR 25.6 million and was thus 8.7 per cent below the previous year's figure.

Fleet Management segment
The contract portfolio in the Fleet Management segment increased further in 2017 and rose by 1.9 per cent to 39,400 contracts (31 December 2017) compared to the previous year. Total revenue again showed significant growth and climbed by 21.9 per cent to EUR 106.1 million. The main reason for this was the complete takeover and associated full consolidation of Sixt Mobility Consulting AG in Switzerland in the second half of 2016. As a result, the earnings figures continued to develop positively. EBITDA rose by 11.7 per cent to EUR 4.3 million, EBT even by 16.3 per cent to EUR 4.1 million.

Group financing
In the fiscal year 2017, Sixt Leasing was able to repay a significant portion amounting to EUR 300 million of the Core Loan provided by Sixt SE at the earliest possible point in time as planned, in particular through the successful placement of the debut bond for EUR 250 million. The remaining partial amount of EUR 190 million is to be repaid according to plan in 2018. This means that the reorganisation of Sixt Leasing Group's financing from Sixt SE to its own external financing instruments, which began in 2015, is still completely on schedule.
Björn Waldow, CFO of Sixt Leasing SE: "With the successful repayment of the largest instalment of the Core Loan to Sixt SE to date, we are now on the home straight in terms of the reorganisation of our Group financing. The repayment of the remaining EUR 190 million in the current year will enable us to refinance our business completely independently of our main shareholder and further reduce interest costs."

Risk situation
The Managing Board is continuing to keep a close eye on the discussion regarding potential driving bans for older diesel vehicles. As of 31 December 2017, Sixt Leasing SE in Germany held approximately 5,600 diesel vehicles with Euro-5 and Euro-4 standard which are not covered by buyback agreements. As new diesel cars that do not comply with the Euro-6 standard are no longer registered since the end of 2015, the number of cars with a Euro-5 standard and below continues to fall. By the end of 2018, the Managing Board expects the number of such diesel cars to fall to merely around 2,500 vehicles.
 

Strategy programme 'DRIVE>2021'

Digitalisation
Sixt Leasing wants to push ahead with the digitalisation of its business model even more quickly, especially in the Online Retail business field. To this end, new functions and services are to be introduced gradually on the sixt-neuwagen.de online platform from 2018 year onwards, such as a further optimised completely digital ordering process, a set of separately bookable service products, a demand configurator and a customer portal. In addition, the company aims to optimise interfaces to the 'analogue world' and thus improve the customer experience by establishing own locations for the delivery and return of leased vehicles in important metropolitan areas. In the Fleet Management business unit, the IT infrastructure is to be optimised in order to further improve customer processes and services and to reach new customer groups.

Risk management
Sixt Leasing intends to considerably improve the risk-return profile in the years to come. For this purpose, the company plans to reduce the potential risk of diesel vehicles in the contract portfolio significantly. This is to be accomplished through the reduction of the number of new contracts of diesel vehicles without a buyback agreement. Corresponding measures have already been initiated. The aim for the year 2018 is to reduce the number of new contracts for diesel vehicles without a buyback agreement significantly to around 15 per cent.

In the Online Retail business field, Sixt Leasing has been implementing this strategy since December 2017 successfully without any loss of volume and margin. Meanwhile, almost no new contracts for diesel vehicles without a buyback agreement are concluded here. This is accomplished in particular through active price management that steers customers to order petrol vehicles. The success of these measures underlines the strength and unique flexibility of the Online Retail business model.

Also in the Fleet Leasing business field, the company has taken first initiatives in the context of a detailed action plan on a single-client basis to reduce the potential risk of diesel vehicles. Due to the particularities of the fleet business, it will however take longer until the measures lead to decisive improvements.

Moreover, the marketing of vehicles in foreign markets through the company's own B2B auction platform is to be intensified in order to reduce the dependency on the German used car market. For this purpose, more and more international dealers are being linked to the platform.

Finally, the customer structure is to be further diversified through a stronger focus on smaller corporate customers, thus reducing the dependency on large customers.

Internationalisation
Sixt Leasing intends to expand both in Germany and abroad. In the Online Retail business field, the first step will be to optimise the business model and to further strengthen the position on the domestic market. To this end, the company wants to improve digital and analogue processes and boost sales, for example through sales cooperations and targeted special promotions for existing clients. In 2018, sixt-neuwagen.de will be prepared for transmission to private and commercial customers in other European countries. From 2019 onwards, the gradual expansion into selected markets such as France, Italy or Spain is planned. Simultaneously, Sixt Leasing wants to push ahead with the internationalisation in the Fleet Management business unit in a total of eight to nine European countries to cover the majority of the European market.

Volume and earnings growth
For the financial year 2018, the Managing Board expects a slight increase in the Group's contract portfolio. New business in Online Retail is expected to grow by around 20 per cent compared to the previous year's figure of around 12,000 new contracts (excluding contracts from the 'flat rate for the road' campaign with Peugeot and 1&1). In the Fleet Management business unit, the Managing Board anticipates a slight increase in the contract portfolio, while in the Fleet Leasing business field it anticipates a slight decline of the contract portfolio, especially due to active risk management regarding new diesel vehicles without a buyback agreement. According to the Managing Board's assessment. Operating revenue should increase slightly.

EBITDA is expected to increase slightly in 2018 as well. For EBT, the Managing Board expects a figure approximately on the prior year's level. This is mainly due to measures which have been planned for the year 2018 in the context of the 'DRIVE>2021' strategy programme, especially active risk management as well as investments in IT and human resources to optimise the business model and to prepare the internationalisation. The investments form the basis for medium-term growth, particularly in the Online Retail and Fleet Management business fields.

Moreover, the Managing Board expects that EBT will be higher in the second half of the financial year 2018 than in the first half. This is mainly due to the interest savings resulting from the reorganisation of Group financing and to the return of the first vehicles from the 'flat rate' campaign with 1&1 in spring 2017. Operating return on revenue is expected in line with the 6 per cent target in 2018.

Through the positive effects from the initiated measures of the 'DRIVE>2021' programme, the Managing Board expects a medium-term growth of the Group's contract portfolio, namely up to the end of the 2021, by at least 60 per cent to more than 220,000 contracts, whereby the Online Retail business field is to contribute more than 110,000, the Fleet Management business unit more than 60,000 and the Fleet Leasing business field around 45,000 contracts.

For consolidated revenue, the Managing Board forecasts a growth of at least a third to more than EUR 1 billion by 2021, whereby operating revenue is to increase disproportionately by 50 per cent to around EUR 700 million. The Online Retail and Fleet Management business fields are expected to be the main growth drivers.

By 2021, EBITDA is expected to increase to around EUR 400 million and EBT to around EUR 50 million. This corresponds to an increase by around two thirds in each case compared to 2017. Thus, the Managing Board expects an operating return on revenue of around 7 per cent in 2021.


The Sixt Leasing Group in 2017
(Preliminary figures in accordance with IFRS)1


Revenue performance

in EUR million 2017 2016 Change in %
Leasing segment 637.8 626.8 +1.8
Fleet Management segment 106.1 87.1 +21.9
Consolidated revenue 744.0 713.9 +4.2
thereof consolidated operating revenue (without sales revenue) 454.4 430.0 +5.7
thereof sales revenue 289.6 283.9 +2.0
 

Earnings performance

in EUR million 2017 2016 Change in %
Fleet expenses and cost of lease assets2 460.7 439.3 +4.9
Personnel expenses 33.0 25.0 +32.1
Net other operating
income/expense
-16.0 -21.0 -23.8
EBITDA 234.3 228.6 +2.5
Depreciation and amortisation 188.3 177.5 +6.1
Net finance costs -16.2 -19.5 -16.8
Earnings before taxes (EBT) 29.7 31.6 -5.9
Operating return on revenue (%)2 6.5 7.3 -0.8 points
Income tax expenses 8.8 6.9 +27.0
Consolidated profit 20.9 24.6 -15.2
Earnings per share (in EUR)3 - basic and diluted 1.01 1.19 -
 

Further KPIs

in EUR million 31.12.2017 31.12.2016 Change in %
Total equity and liabilities 1,442.8 1,172.2 +23.1
Lease assets 1,219.2 1,020.8 +19.4
Non-current liabilities to related parties4 - 490.0 -100.0
Current liabilities to related parties5 193.9 3.8 >+100
Financial liabilities6 865.9 353.7 >+100
Equity 205.1 194.7 +5.4
Equity ratio (%) 14.2 16.6 -2.4 points
  2017 2016 Change in %
Gross Cash flow 216.7 194.8 +11.2
Investments in lease assets7 619.2 471.7 +31.3


1 Due to roundings it is possible that selected figures in this Press Release cannot be added up to the amount recorded and that the year figures listed do not follow from adding up the individual quarterly figures. For the same reason, the percentage figures listed may not always exactly reflect the absolute numbers to which they refer.
2 Ratio of EBT to operating revenue
3 Ratio of Group surplus attributable to the Group shareholders to weighted number of shares for the period
4 Liabilities to Sixt SE (Core Loan)
5 Mainly liabilities to Sixt SE; including EUR 190.0 million Core Loan
6 Current and non-current financial liabilities, including finance leases
7 Value of vehicles added to the leasing fleet


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 platform sixt-neuwagen.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 2016, the Group generated consolidated revenue of EUR 744 million.

www.sixt-leasing.de


Contact:

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


Note:
All fiscal year 2017 figures in this release are preliminary and subject to possible change. The final and audited 2017 consolidated annual financial statements for Sixt Leasing Group will be published on 17 April 2018.



14.03.2018 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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02/16/2018

Sixt Leasing SE: Dr Bernd Metzner is new member of the Supervisory Board of Sixt Leasing SE

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

16.02.2018 / 10:05
The issuer is solely responsible for the content of this announcement.


Dr Bernd Metzner is new member of the Supervisory Board of Sixt Leasing SE
 

Pullach, 16 February 2018 - Dr Bernd Metzner has been delegated by Sixt SE to join the Supervisory Board of Sixt Leasing SE, effective from 16 February 2018. He is succeeding Mr Georg Bauer, who had been a member of the Supervisory Board since 17 April 2015 and has left the board with the expiry of 15 February 2018.

Dr Metzner (47 years old) has many years of experience as CFO of internationally active companies from various industries. Since June 2014, he has been CFO of Ströer Management SE, the personally liable partner of Ströer SE & Co. KGaA, which is listed in the MDAX.

Erich Sixt, Chairman of the Supervisory Board of Sixt Leasing SE: "With Dr Bernd Metzner, our company has gained an accomplished financial expert whose diverse experiences and knowledge can only be a benefit to Sixt Leasing SE. I thank Mr Georg Bauer for the good collaboration over the past three years."
 

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 platform sixt-neuwagen.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 2016, the Group generated consolidated revenues of EUR 714 million.
 

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



16.02.2018 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



show this

01/04/2018

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

04.01.2018 / 13:49
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 24, 2018
Date of disclosure / English: April 24, 2018
German: http://ir.sixt-leasing.de/jahresberichte
English: http://ir.sixt-leasing.com/annual-reports

Report: Annual financial report of the group
Date of disclosure / German: April 24, 2018
Date of disclosure / English: April 24, 2018
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 14, 2018
Date of disclosure / English: August 14, 2018
German: http://ir.sixt-leasing.de/zwischenberichte
English: http://ir.sixt-leasing.com/interim-reports


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04.01.2018 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://www.sixt-leasing.de



     End of News    DGAP News Service

12/22/2017

Sixt Leasing SE: Major DAX customers of Sixt Mobility Consulting receive 'Fleet Europe Awards 2017'

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

22.12.2017 / 09:26
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Major DAX customers of Sixt Mobility Consulting receive 'Fleet Europe Awards 2017'
 

Pullach, 22 December 2017 - Excellent fleet management for DAX companies: 'Fleet Europe', the leading European fleet publication for international fleet and mobility leaders, has awarded two major customers of Sixt Mobility Consulting GmbH, a wholly-owned subsidiary of Sixt Leasing SE: Siemens AG received the 'Global Fleet Manager of the Year Award', while another DAX representative won the 'International Fleet Innovation Award'.

Vinzenz Pflanz, Chief Sales Officer (CSO) of Sixt Leasing SE: "Fleet Europe's honouring of our DAX-listed customers not only recognises the outstanding achievements of the fleet managers in these companies, but also shows that our know-how in the management and full-service leasing of large fleets offers real added value."

The 'Global Fleet Manager of the Year Award' went to Jürgen Freitag, who, as Head of Global Fleet Management, is responsible for approximately 48,000 vehicles of the Siemens Group worldwide. Together with Sixt Mobility Consulting, Siemens developed comprehensive digitalisation processes that led to significant productivity advances in Germany. The 'Fleet Europe' jury considered this to be worthy of the award, making Freitag the first fleet manager ever to win it.

The 'International Fleet Innovation Award' went to the fleet manager of a DAX company who, in cooperation with Sixt Mobility Consulting, developed various green mobility solutions as well as an internal competition programme for the fuel consumption.

With the 'Fleet Europe Awards' for two major customers, the excellent reputation of Sixt Leasing's fleet management has been confirmed once again. Only in November, Sixt Mobility Consulting was awarded the title 'Top Performer 2017' in the category 'Fleet Management' by the independent journal 'Autoflotte'.
 

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 platform sixt-neuwagen.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 2016, the Group generated consolidated revenues of EUR 714 million.

www.sixt-leasing.com
www.mobility-consulting.com

Contact:
Sixt Leasing SE
Corporate Communications
Stefan Kraus
+49 89 74444 - 4723
presse-leasing@sixt.com



22.12.2017 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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12/18/2017

DGAP-DD: Sixt Leasing SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

18.12.2017 / 12:35
The issuer is solely responsible for the content of this announcement.


1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Name and legal form: Nummum AG

2. Reason for the notification

a) Position / status
Person closely associated with:
Title: Dott.
First name: Rudolf
Last name(s): Rizzolli
Position: Member of the managing body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
Sixt Leasing SE

b) LEI
529900CBIWZ57I62HZ92 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE000A0DPRE6

b) Nature of the transaction
Disposal

c) Price(s) and volume(s)
Price(s) Volume(s)
19.18500 EUR 3837.0000 EUR
19.15000 EUR 1627.7500 EUR
19.14500 EUR 5418.0350 EUR
19.14000 EUR 7656.0000 EUR
19.12000 EUR 19464.1600 EUR
19.10500 EUR 3821.0000 EUR
19.06500 EUR 22878.0000 EUR
19.00000 EUR 106666.0000 EUR

d) Aggregated information
Price Aggregated volume
19.0409 EUR 171367.9450 EUR

e) Date of the transaction
2017-12-14; UTC+1

f) Place of the transaction
Name: XETRA
MIC: XETR



18.12.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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12/08/2017

DGAP-DD: Sixt Leasing SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

08.12.2017 / 13:54
The issuer is solely responsible for the content of this announcement.


1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title: Dott.
First name: Rudolf
Last name(s): Rizzolli

2. Reason for the notification

a) Position / status
Position: Member of the managing body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
Sixt Leasing SE

b) LEI
529900CBIWZ57I62HZ92 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE000A0DPRE6

b) Nature of the transaction
Disposal

c) Price(s) and volume(s)
Price(s) Volume(s)
18.99 EUR 27060.75 EUR
18.99 EUR 162839.25 EUR

d) Aggregated information
Price Aggregated volume
18.99 EUR 189900.00 EUR

e) Date of the transaction
2017-12-06; UTC+1

f) Place of the transaction
Name: XETRA
MIC: XETR



08.12.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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11/29/2017

Sixt Leasing introduces 'electric flat rate for the road' - BMW i3 'E-Mobility Edition' available from 249 euros per month on sixt-neuwagen.de - partnership with Yello started

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

29.11.2017 / 11:17
The issuer is solely responsible for the content of this announcement.


Sixt Leasing introduces 'electric flat rate for the road' - BMW i3 'E-Mobility Edition' available from 249 euros per month on sixt-neuwagen.de - partnership with Yello started

  • Affordable e-mobility: flexible 12 to 24 month flat rate for a comprehensively equipped BMW i3 'E-Mobility Edition' including winter tyres, insurance, taxes, transfer and registration from 249 euros (incl. VAT)
  • Uncomplicated ordering process: paper-free and comfortable online contract conclusion via eSign, video-ident and online credit check
  • Concentrated brand strength: sales partnership with Yello pools competences in the online retail for new vehicles and the energy supply throughout Germany

Pullach, 29 November 2017 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist in management and full-service leasing for large fleets, is offering an 'electric flat rate for the road' on its online platform sixt-neuwagen.de beginning from today. Private customers can now make use of an attractive flat rate starting at 249 euros per month (incl. VAT) for a comprehensively equipped BMW i3 'E-Mobility Edition' in an entirely digital ordering process. To launch this service in the market, Sixt Leasing has entered into an exclusive sales partnership with Yello Strom GmbH, a brand of the EnBW Group. Thereby, both companies are paving the way for emission-free mobility in Germany.

Johannes Liebmann, Director Marketing at Sixt Neuwagen: "With our 'electric flat rate for the road', we want to show how mobility, digitisation and environmental awareness can be combined into an attractive product. The 'electric flat rate for the road' enables our private customers to order an electric car easily online and then use it cost-effectively and flexibly. In doing so, they can also make a personal contribution to reducing polluting emissions. We are confident that our new product will generate high demand."

The electric flat rate being offered within the partnership with Yello covers the use of a brand-new BMW i3 'E-Mobility Edition'. Three variants of the vehicle are available: with full Yello branding (from 249 euros per month), with subtle Yello branding (from 429 euros per month) and without Yello branding (from 875 euros per month). All variants are comprehensively equipped and come with a full manufacturer's warranty and a carefree package including winter tyres, insurance, taxes, transfer and registration. No upfront payments are necessary. Customers will also receive a Yello charge card with 100 euros of credit that they can use to charge the vehicle for the first 2,000 km, as well as a charging cable worth 299 euros for the full term of the contract. The charge card infrastructure and the related journey planning app are provided by EnBW Energie-Baden Württemberg AG. The BMW i3 'E-Mobility Edition' is available with three different mileages (10,000, 15,000 or 20,000 km) and a Flexi-Lease Option which can be used by the customers to extend the standard 12-month term flexibly to up to 24 months at a later date. For further information, customers can visit http://www.sixt-neuwagen.de/yello-bmw-i3-angebot.

As with the first 'flat rate for the road', the ordering process is supported by an entirely digital e-commerce process developed by sixt-neuwagen.de. Customers can simply place their desired configuration in the online shopping basket and perform all the order steps via eSign, and video-ident procedure by IDnow and an online credit check using their terminal device.

Oliver Wirz, Head of Business & Customer Development at Yello: "With Sixt Neuwagen, we have found an innovative and digital partner for the launch of the BMW i3 'E-Mobility Edition'. Through our partnership, interested people get the opportunity to test an electric car very simply and without high costs. We are looking forward to seeing many Yello branded electric cars on the streets throughout Germany and to contributing to emission-free driving."

The 'electric flat rate for the road' transfers the familiar principle of the flat rate, which is popular with the customers, to electric cars. In doing so, Sixt Neuwagen is expanding its service portfolio and strengthens its position as first mover in the online new vehicles market. The joint promotion is expected to run until the end of December 2017 and will be accompanied by an advertising campaign at motorway services, airports and on social media.


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 platform sixt-neuwagen.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 2016, the Group generated consolidated revenues of EUR 714 million.

www.sixt-leasing.com


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



29.11.2017 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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