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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.
 

---

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.
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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.
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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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07/02/2018

Sixt Leasing SE repays final partial loan amount to Sixt SE - reorganisation of Group financing thus successfully completed

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

02.07.2018 / 14:00
The issuer is solely responsible for the content of this announcement.


 

Sixt Leasing SE repays final partial loan amount to Sixt SE - reorganisation of Group financing thus successfully completed

  • Final outstanding amount of the Core Loan of EUR 190 million repaid to Sixt SE as planned at the earliest possible time in the end of June
  • Transition of the Group's financing towards independent financing instruments enables further improvements in the interest cost structure

Pullach, 2 July 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist for the management and full-service leasing of large fleets, has completely paid back the EUR 750 million loan (Core Loan) provided by Sixt SE in the context of the IPO and thus achieved a refinancing of the Sixt Leasing Group that is completely independent of Sixt SE. The final outstanding amount of EUR 190 million of the Core Loan was repaid last week by Sixt Leasing SE to Sixt SE as planned at the earliest possible time. The funds for the repayment come, in particular, from the proceeds of the EUR 250 million bond that was issued for this purpose and for general corporate financing on the capital market in the second quarter.

Björn Waldow, CFO of Sixt Leasing SE: "The complete repayment of the Core Loan is a milestone in the young capital market history of Sixt Leasing. With the redemption of the final outstanding amount to Sixt SE, we have successfully completed the transition of our Group financing towards own financing instruments, that started after the IPO in the year 2015, at the earliest possible time, thereby establishing a financing structure completely independent of our main shareholder. Also through to the redemption of the final partial amount, we expect positive effects on our interest costs again."

The Sixt Leasing Group's independent financing structure consists of a EUR 500 million asset-backed securities (ABS) programme, bonds with a volume of EUR 500 million, negotiated bank lines of around EUR 400 million as well as borrower's note loans of EUR 30 million. With the establishment of this broadly diversified structure and the recently launched EUR 1 billion debt Issuance programme, Sixt Leasing SE has created the financial basis for the growth path planned as part of the 'DRIVE> 2021' strategic programme.


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-leasing@sixt.com



02.07.2018 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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06/25/2018

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

25.06.2018 / 12:18
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.


Notification of Major Holdings

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 n/a % n/a % n/a % /

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:
Mawer Global Small Cap Fund (the Fund) is an open-ended mutual fund established under the laws of Alberta, Canada. The Fund was established by way of a Trust Agreement made between State Street Trust Company Canada, as trustee, and Mawer Investment Management Ltd., as manager. Mawer Investment Management Ltd., as the manager, controls the voting rights of shares held by the Fund. 



25.06.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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06/25/2018

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

25.06.2018 / 12:02
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.


Notification of Major Holdings

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 Investment Management Ltd. Calgary
Canada

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

5. Date on which threshold was crossed or reached:
11 Jun 2018

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 5.03 % 0 % 5.03 % 20611593
Previous notification 3.02 % 0 % 3.02 % /

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 1037108 % 5.03 %
Total 1037108 5.03 %

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:
Mawer Investment Management Ltd. is registered as a portfolio manager and Investment fund manager in Canada under the Alberta Securities Commission and Ontario Securities Commission. Shares of the issuer are held in trust for our mutual funds offered under the laws of the respective provinces in Canada. In our capacity as the Investment manager, we have control over the voting rights attached to the securities we manage, therefore we aggregate and report our client and fund holdings at the firm level rather than on an individual client basis. 



25.06.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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06/20/2018

Sixt Leasing SE: Annual General Meeting votes for stable dividend and re-election of Supervisory Board

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

20.06.2018 / 10:33
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Annual General Meeting votes for stable dividend and re-election of Supervisory Board

  • Annual General Meeting adopts all proposals on agenda items from Managing Board and Supervisory Board by large majority
  • Shareholders approve dividend of EUR 0.48 per share for financial year 2017 and elect current Supervisory Board members for another term
  • Managing Board sees positive impact of strategy programme DRIVE>2021 and confirms forecast for financial year 2018

Pullach, 20 June 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist in the management and full-service leasing of large fleets, held a successful Annual General Meeting yesterday in Munich, which was attended by more than 150 shareholders. Approximately 72 per cent of share capital was represented altogether. The shareholders adopted all the proposals from the Supervisory Board and Managing Board by a large majority. Items on the agenda included the appropriation of distributable profits and elections for the Supervisory Board.

Resolution passed to pay another attractive dividend
Shareholders approved the proposal to distribute a dividend of EUR 0.48 per share for the 2017 financial year, which is in line with the previous year. This represents a total pay-out of EUR 9.9 million. The dividend ratio is therefore around 47 per cent of consolidated profit and roughly in the middle of the target pay-out range of 30 to 60 per cent of consolidated profit. In terms of the closing price at year-end 2017 this represents a dividend yield of 2.5 per cent. Sixt Leasing SE is thus continuing its attractive dividend policy.

Current Supervisory Board members re-elected
Shareholders also elected the current Supervisory Board members Mr Erich Sixt, Mr Prof. Dr. Marcus Englert, and Mr Dr. Bernd Metzner. Before, they voted to cancel the right of Sixt SE to delegate one of the three Supervisory Board members for as long as it holds shares in Sixt Leasing SE. Following the corresponding changes to the Articles of Association, which were adopted by a majority of the shareholders at the Annual General Meeting, all the Supervisory Board members now have to be elected by the Annual General Meeting.

Positive impact of strategy programme 'DRIVE>2021'
Under the heading 'The future of mobility is digital', Thomas Spiegelhalter, CEO since
1 January 2018, presented the new strategy programme 'DRIVE>2021' to shareholders. The acronym stands for digitalisation, risk management, internationalisation as well as volume and earnings growth until the year 2021. The programme aims to increase the pace of digitalisation, improve the risk-return profile, drive internationalisation forward and boost the number of contracts and earnings significantly.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "We would like to thank our shareholders sincerely for their high rate of approval for our proposals. This vote of confidence encourages us to keep swiftly implementing the activities planned as part of our successfully started strategy programme DRIVE>2021, especially in our high-potential Online Retail business field. This will pave the way in 2018 to grow strongly and profitably in the future. The future of mobility is digital. We intend to profit from it together."

All the information about the Annual General Meeting 2018 and the voting results are available from the website http://ir.sixt-leasing.de/hv.


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



20.06.2018 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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05/28/2018

Sixt Leasing SE develops Online Retail into its largest business field - Managing Board confirms forecast for the 2018 financial year after an increase in revenue in the first quarter

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

28.05.2018 / 07:35
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE develops Online Retail into its largest business field - Managing Board confirms forecast for the 2018 financial year after an increase in revenue in the first quarter

  • Contract portfolio in the Online Retail business field tops contract portfolios in the Fleet Leasing and Fleet Management business fields for the first time
  • Consolidated revenue increases by almost 8 per cent year on year to EUR 202 million - EBT at EUR 8 million as expected
  • Share of diesel vehicles without buyback agreements in new orders successfully reduced
  • Advances in the implementation of the DRIVE>2021 strategy programme leave the Managing Board confident that targets for 2018 will be met

Pullach, 28 May 2018 - Sixt Leasing SE, market leader in online sales of new vehicles and specialist in management and full-service leasing for large fleets, has developed its pioneering Online Retail business field into its largest business field at an early stage and confirms its forecast for the 2018 financial year after an increase in revenue in the first quarter of the year. The contract portfolio in the Online Retail business field increased by 3.3 per cent to 46,900 contracts in the period from the end of December to the end of March. The contract portfolio in the Fleet Leasing business field faced a slight decrease of 3.3 per cent to 46,500 contracts. In the Fleet Management business unit, the contract portfolio climbed by 1.9 per cent
to 40,100 contracts. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) rose by 0.5 per cent to 133,500 contracts.

Consolidated revenue in the first quarter 2018 climbed year on year by 7.6 per cent to EUR 202.0 million. The Group's operating revenue (excluding sales revenue) improved by 6.9 per cent to EUR 120.3 million. Sales revenue from leasing returns and marketed customer vehicles increased by 8.6 per cent to EUR 81.6 million, driven in particular by a significantly higher number of leasing vehicle returns from Online Retail.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first quarter increased year on year by 6.5 per cent to EUR 60.9 million. The financial result improved significantly by 21.8 per cent to EUR -3.6 million. The reason for this was, in particular, the reduction in interest expenses as a result of the repayment of the largest portion of the core facility in the amount of EUR 300 million to Sixt SE in mid-2017. Consolidated earnings before taxes (EBT) resulted in a slight decline of 5.3 per cent to EUR 8.0 million as expected. As a result, the operating return on revenue decreased slightly by 0.8 percentage points to 6.7 per cent, but at the same time remained clearly above the target figure of 6.0 per cent. Consolidated net profit declined slightly by 1.1 per cent to EUR 5.9 million.

Thomas Spiegelhalter, CEO of Sixt Leasing SE: "With the development of our pioneering Online Retail business field into the Group's largest business field, we have already achieved an important goal for the full-year 2018 in the first quarter alone. Beyond that, we are also satisfied with the progress made in other respects in the first quarter. We have been able to further increase consolidated revenue and successfully continue the implementation of our strategy programme DRIVE>2021. This progress makes us confident that we will achieve our targets for the 2018 financial year and, in doing so, lay the foundation for even stronger and more profitable growth in the future."

Successful risk management
In the first quarter of 2018, Sixt Leasing successfully continued to reduce the potential residual value risk from diesel vehicles in the portfolio, as planned. The share of new contracts for diesel vehicles without buyback agreements noticeably decreased by 12 percentage points compared to the fourth quarter 2017, down to approximately 22 per cent. In Germany, the share decreased to only around 17 per cent. In addition, the German portfolio of diesel vehicles with Euro 5 standard or lower without buyback agreement decreased, as expected, from around 5,600 to around 4,700 vehicles in the period from the end of December to the end of March.

The equity ratio amounted to 14.5 per cent at the end of March 2018, resulting in a slight improvement of 0.3 percentage points from the end of December 2017. Gross cash flow improved year on year by 13.7 per cent to EUR 53.5 million. Investments in lease assets significantly increased by 18.4 per cent to EUR 157.2 million.

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.

---

The Group Quarterly Statement of Sixt Leasing Group as of 31 March 2018 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.de


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


The Sixt Leasing Group in Q1 2018 at a glance
(Figures according to IFRS)1


Revenue performance

in EUR million Q1 2018 Q1 2017 Change in %
Consolidated revenue 202.0 187.7 7.6
   Thereof Leasing business unit 177.1 163.5 8.3
      Thereof leasing revenue (finance rate) 58.3 56.7 2.7
      Thereof other revenue from leasing business 48.9 43.9 11.5
      Thereof sales revenue 69.9 62.9 11.1
   Thereof Fleet Management business unit 24.9 24.1 3.1
      Thereof fleet management revenue 13.1 11.9 10.3
      Thereof sales revenue 11.8 12.2 -3.8


Earnings performance

in EUR million Q1 2018 Q1 2017 Change in %
Fleet expenses and cost of lease assets -127.5 -116.6 9.4
Personnel expenses -9.1 -8.1 12.7
Net other operating income/expenses -4.5 -5.8 -23.1
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 60.9 57.1 6.5
   Thereof Leasing business unit 59.8 56.3 6.1
   Thereof Fleet Management business unit 1.1 0.8 32.3
Depreciation and amortisation -49.2 -44.1 11.7
Net finance costs -3.6 -4.6 -21.8
Earnings before taxes (EBT) 8.0 8.5 -5.3
   Thereof Leasing business unit 7.0 7.7 -9.1
   Thereof Fleet Management business unit 1.0 0.8 31.5
Operating return on revenue (in %)2 6.7 7.5 -0.8 points
Income tax expenses -2.2 -2.5 -12.8
Consolidated profit 5.9 6.0 -2.2
Earnings per share (in EUR) 0.29 0.29 -


Further key figures

  31 Mar 2018 31 Dec 2017 Change in %
Contract portfolio Group 133,500 132,900 0.5
   Thereof Online Retail 46,900 45,400 3.3
   Thereof Fleet Leasing 46,500 48,100 -3.3
   Thereof Fleet Management 40,100 39,400 1.9
in EUR million 31 Mar 2018 31 Dec 2017 Change in %
Total equity and liabilities 1,453.9 1,442.8 0.8
Lease assets 1,258.2 1,219.2 3.2
Equity 210.9 205.1 2.8
Equity ratio (in %) 14.5 14.2 +0.3 points
in EUR million Q1 2018 Q1 2017 Change in %
Gross cash flow 53.5 47.1 13.7
Investments in lease assets 157.2 132.8 18.4


---
1 Rounding differences possible
2 Ratio EBT to operating revenue (=consolidated revenue without sales revenue)



28.05.2018 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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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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