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11/12/2019

Sixt Leasing SE expands contract portfolio in Online Retail and Fleet Management in third quarter 2019

DGAP-News: Sixt Leasing SE / Key word(s): 9 Month figures/Quarter Results

12.11.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE expands contract portfolio in Online Retail and Fleet Management in third quarter 2019

  • Increase in new business brings Online Retail business field back onto growth track in third quarter - Fleet Management continues to grow as well
  • Consolidated revenue up by nearly 6 per cent in first nine months of 2019 to EUR 633 million - operating revenue down slightly
  • EBT of EUR 21.5 million below previous year - Q3 strongest quarter in year to date at EUR 7.4 million
  • Managing Board confirms forecast for full year 2019

Pullach, 12 November 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has expanded the contract portfolios in its Online Retail and Fleet Management business fields in the third quarter of 2019. In the Online Retail business field, the contract portfolio increased by 2.7 per cent in the period from the end of June to the end of September. This was particularly due to the successful sales cooperation between Sixt Neuwagen, Fiat and Tchibo. The Fleet Management business unit also saw its contract portfolio increase by 2.7 per cent on the previous quarter, maintaining its growth momentum. In the Fleet Leasing business field, the contract portfolio declined by 3.3 per cent over the third quarter. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) grew by 0.8 per cent in the period from the end of June to the end of September 2019.

Michael Ruhl, CEO of Sixt Leasing SE: "The positive signals from the Online Retail business field and ongoing growth in the Fleet Management business unit give us confidence for the future development of the contract portfolio. Thanks to the takeover of Flottenmeister GmbH by our subsidiary Sixt Mobility Consulting GmbH, we are now even expecting the Group's contract portfolio to be significantly higher at year-end 2019 than last year."

In the Online Retail business field, Sixt Leasing ran an innovative sales campaign in cooperation with Fiat and Tchibo from the end of June to early September. It involved the marketing of new, well-equipped Fiat 500 Lounge vehicles on particularly attractive terms to private customers via the online platform sixt-neuwagen.de. The campaign was very popular with both private customers and participating Fiat dealers.

In the Fleet Management business unit, Sixt Mobility Consulting launched a new self-service app for company car users in the third quarter. 'The Companion' enables company car drivers to complete important car-related tasks - like making workshop appointments - quickly and easily at any time using their smartphone. Thus, Sixt Mobility Consulting is pushing ahead with the digitalisation of its business model and setting up its operations much more efficiently.

At the start of the fourth quarter, Sixt Mobility Consulting GmbH also announced the acquisition of all shares of Flottenmeister GmbH. The independent fleet manager, also based in Pullach near Munich, had more than 7,000 company cars under management at the end of September. The contracts are going to be transferred to the contract portfolio of the Sixt Leasing Group in the course of the fourth quarter 2019.

Business performance in 9M 2019

The Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 2.0 per cent to 127,200 contracts during the period from the beginning of January to the end of September 2019. This was mainly due to the decline in the first quarter. In the second and third quarters, however, the contract development was positive.

Consolidated revenue rose by 5.5 per cent to EUR 633.0 million compared to the same period last year. This is mainly attributable to the strong increase in sales revenues, especially from the considerably higher number of returned lease vehicles from the Online Retail business field. Consolidated operating revenue (excluding sales revenue) declined slightly by 2.3 per cent to EUR 350.0 million.

Consolidated earnings before taxes (EBT) came to EUR 21.5 million for the first nine months of 2019, which is 7.8 per cent down on the previous year. The third quarter saw the strongest pre-tax earnings of the year to date at EUR 7.4 million.

This brought the operating return on revenue for the first nine months of 2019 to 6.2 per cent (-0.3 percentage points). Consolidated net profit came to EUR 16.1 million (-9.5 per cent).

Outlook

In line with the adjusted full-year guidance published on 22 October 2019, the Managing Board is expecting the Group's contract portfolio at year-end to be significantly higher than last year. It is also anticipating consolidated operating revenue for the financial year 2019 in the range of EUR 465 million and EBT in the range of EUR 29 million.

By the end of the 2021 financial year, the Managing Board continues to expect an increase of the Group's contract portfolio to around 200,000 contracts and an increase in consolidated operating revenue to around EUR 650 million. EBT is still expected to increase to EUR 40 to 45 million.

---

The Group's Quarterly Statement as of 30 September 2019 can be downloaded from http://ir.sixt-leasing.com/interim-reports.
 

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

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

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


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


THE SIXT LEASING GROUP IN 9M 2019 AT A GLANCE1
 

Revenue development
in EUR million
9M
2019
9M
2018
 Change
in %
   Operating revenue 350.0 358.0 -2.3
   Sales revenue 283.0 242.1 16.9
Consolidated revenue 633.0 600.1 5.5
   Thereof Leasing business unit 555.3 524.7 5.8
      Thereof leasing revenue (finance rate) 167.7 176.7 -5.1
      Thereof other revenue from leasing business 142.9 141.7 0.8
      Thereof sales revenue 244.8 206.6 18.6
   Thereof Fleet Management business unit 77.7 75.4 3.0
      Thereof fleet management revenue 39.4 39.6 -0.5
      Thereof sales revenue 38.2 35.8 6.9
       
Earnings development
in EUR million
9M
2019
9M
2018
 Change
in %
Fleet expenses and cost of lease assets 418.9 378.0 10.8
Personnel expenses 31.3 27.2 15.1
Net other operating income/expense -11.1 -13.6 18.0
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 171.6 181.3 -5.4
Depreciation and amortisation expense 141.1 147.7 -4.5
Net finance costs -9.0 -10.3 12.2
Earnings before taxes (EBT) 21.5 23.4 -7.8
   Thereof Leasing business unit 18.6 19.9 -8.5
   Thereof Fleet Management business unit 2.9 3.5 -17.1
Operating return on revenue (in %)2 6.2 6.5 -0.3pp
Income tax expense 5.4 5.5 -2.2
Consolidated profit 16.1 17.8 -9.5
Earnings per share (in EUR) 0.78 0.87 -
       
Contract portfolio
 
30 Sep 2019 31 Dec 2018  Change
in %
Group contract portfolio 127,200 129,700 -2.0
   Thereof Online Retail business field 43,600 44,700 -2.5
   Thereof Fleet Leasing business field 39,400 43,000 -8.4
   Thereof Fleet Management business unit 44,200 42,000 5.2
       
Balance sheet figures
in EUR million
30 Sep 2019 31 Dec 2018  Change
in %
Total equity and liabilities 1,330.6 1,392.7 -4.5
Lease assets 1,125.8 1,204.4 -6.5
Financial liabilities 945.6 1,026.1 -7.8
Equity 223.1 216.8 2.9
Equity ratio (in %) 16.8 15.6 1.2pp
       
Cash flow
in EUR million
9M
2019
9M
2018
 Change
in %
Gross Cash flow 150.6 174.5 -13.7
Investments in lease assets 294.6 386.9 -23.9

--
1
Rounding differences possible

2 Ratio of EBT to operating revenue



12.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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10/22/2019

Sixt Mobility Consulting acquires Flottenmeister GmbH, expanding contract portfolio to over 50,000 contracts

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

22.10.2019 / 18:59
The issuer is solely responsible for the content of this announcement.


Sixt Mobility Consulting acquires Flottenmeister GmbH, expanding contract portfolio to over 50,000 contracts

  • Sixt Mobility Consulting takes over 100 per cent of shares in Flottenmeister GmbH
  • Flottenmeister currently manages more than 7,000 company cars
  • Christoph v. Tschirschnitz, Managing Director Sixt Mobility Consulting: "Under the umbrella of Sixt Mobility Consulting, Flottenmeister customers will continue to receive seamless support. In addition, we want to excite them with our fully digitalised service portfolio and international presence."
  • Michael Ruhl, CEO Sixt Leasing SE: "The acquisition is a further step in the consistent implementation of our 'DRIVE>2021' strategy programme. In addition to volume growth, we also expect positive synergy effects."


Pullach, 22 October 2019 - Sixt Mobility Consulting GmbH, one of the leading independent providers of fleet management in Europe and wholly owned subsidiary of Sixt Leasing SE, reached terms with SchneiderGolling Südholding GmbH on a complete takeover of the shares in Flottenmeister GmbH. The independent fleet manager, which is also based in Pullach, near Munich, is managing over 7,000 company cars as of the end of September 2019. Sixt Mobility Consulting is thus further expanding its market position in Germany and increasing its contract portfolio in Europe to over 50,000 contracts, representing growth of more than 15 per cent. The parties have agreed not to disclose the purchase price or other transaction details.

Christoph v. Tschirschnitz, Managing Director of Sixt Mobility Consulting GmbH: "With the acquisition of Flottenmeister, we are successfully continuing our growth course in Europe. Thereby, we are pleased to be able to welcome a number of new customers who will continue to be supported seamlessly under the umbrella of Sixt Mobility Consulting. In addition, we want to excite them with our fully digitalised service portfolio and thereby take the cooperation with customers and their vehicle users to a new level of quality and efficiency."

Michael Ruhl, CEO of Sixt Leasing SE: "The acquisition of Flottenmeister is a further step in the consistent implementation of our 'DRIVE>2021' strategy programme and a reasonable building block for achieving our growth targets. The geographical proximity and overlapping services will help us integrate Flottenmeister GmbH into the Sixt Leasing Group. In addition to volume growth, we also expect positive synergy effects from the takeover."

---

About Sixt Mobility Consulting:
Sixt Mobility Consulting GmbH (SMC) is one of Europe's leading independent providers of fleet and mobility budget management and a wholly-owned subsidiary of Sixt Leasing SE. SMC advises corporate customers with a fleet size of 150 vehicles or more on efficient fleet management and provides all fleet management services for cars and vans with innovative IT solutions and high-performance customer care teams.

As a bank and manufacturer-independent fleet specialist, SMC optimises the costs of companies when procuring and operating leased and purchased fleets, on request also via fully digitalised multi-bidding processes for each car ordered. In addition, SMC supports users in all vehicle-related topics, from ordering to accident management and wheel changes.
www.mobility-consulting.com


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

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

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

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



22.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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10/22/2019

Sixt Leasing SE adjusts guidance for financial year 2019

Sixt Leasing SE / Key word(s): Change in Forecast
Sixt Leasing SE adjusts guidance for financial year 2019

22-Oct-2019 / 18:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE adjusts guidance for financial year 2019

  • Guidance for Group contract portfolio as of year-end raised, especially due to acquisition of fleet management company Flottenmeister GmbH
  • Guidance for consolidated operating revenue und EBT in financial year 2019 adjusted slightly downwards

Pullach, 22 October 2019 - On the basis of an internal analysis of preliminary key figures of the third quarter of 2019 completed today and an updated forecast for full-year 2019, the Managing Board of Sixt Leasing SE adjusts its full-year guidance for the Group's contract portfolio, consolidated operating revenue and consolidated earnings before taxes (EBT).

The Managing Board now expects the Group's contract portfolio at year-end to significantly increase compared to the previous year (year-end 2018: 129,700 contracts). So far, only a slight increase of the Group's contract portfolio has been forecasted. The adjustment takes into account the agreed acquisition of all shares of Flottenmeister GmbH by Sixt Mobility Consulting GmbH, a wholly owned subsidiary of Sixt Leasing SE. The independent fleet manager, which is also based in Pullach, near Munich, is managing over 7,000 company cars as of the end of September 2019. Sixt Mobility Consulting is thus further expanding its market position in Germany.

Consolidated operating revenue in financial year 2019 is now expected in the range of EUR 465 million (2018: EUR 480.5 million). So far, the Managing Board has assumed the consolidated operating revenue to approximately reach the previous year's level. The correction is essentially attributable to a weaker than expected business performance especially in the Fleet Leasing business field.

In terms of consolidated earnings before taxes (EBT) in the financial year 2019, the Managing Board now expects a figure in the range of EUR 29 million. So far, EBT was expected to approximately reach the previous year's level (2018: EUR 30.5 million). The adjustment is particularly due to lower than expected proceeds from remarketing of car returns from the Fleet Leasing business in Q3.

The Group Quarterly Statement as of 30 September 2019 will be published on 12 November 2019, as planned.

Note: 'Consolidated operating revenue' is a non-IFRS figure. Information on the composition of consolidated operating revenue is available in the Annual Report 2018 of Sixt Leasing SE on page 100 (available under ir.sixt-leasing.com).


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

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



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08/12/2019

Sixt Leasing SE: Business performance in first half of 2019 as expected

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

12.08.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixt Leasing SE: Business performance in first half of 2019 as expected

  • Consolidated revenue increases by 9 per cent to EUR 428 million in the first half of 2019
  • Contract portfolio and operating revenue decrease slightly, as expected
  • EBT of just over EUR 14 million in line with expectations
  • Business performance in the second half of the year still expected to be stronger
  • Managing Board confirms forecast for 2019 and medium-term targets for 2021

Pullach, 12 August 2019 - Sixt Leasing SE, market leader in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has performed in line with expectations in the first half of 2019. The company is also confirming its forecast for the 2019 financial year and its medium-term targets for 2021. In the first six months of 2019, consolidated revenue increased significantly compared to the same period last year while, as expected, the contract portfolio and operating revenue decreased slightly. Consolidating earnings before taxes (EBT) came in below last year's figure, as expected.

Michael Ruhl, CEO of Sixt Leasing SE: "For the second half of 2019, we are expecting a stronger business performance than in the first half of the year. In particular, the further implementation of our 'DRIVE>2021' strategy programme will contribute to this. Our goal is to increase revenue and earnings significantly over the medium term. In doing so, we want to become the leading provider of longer-term auto-mobility in Europe."

Sixt Leasing's business model is to be developed in the 2019 financial year. To this end, the Managing Board has implemented various measures in the four areas of Products, Customer Experience, Segments & Markets and Processes. The focus is on growth and digitalisation initiatives in order to expand the product and service offer and to make it more flexible. In this context, an extension of the corporate purpose has already been decided by the Annual General Meeting. Accordingly, the company is now able to offer or broker certain products and services independently of any lease or fleet management contract.

As part of the 'DRIVE>2021' strategy programme, further measures could be successfully implemented in the first half of 2019. In the Online Retail business field, Sixt Leasing launched an innovative sales cooperation with Fiat and Tchibo via its sixt-neuwagen.de online platform to market a brand-new Fiat 500 Lounge to private customers at particularly attractive rates. For the first time, such a cooperation integrated not only the car manufacturer but also the dealers.

In the Fleet Management business segment, international expansion was given a boost with new managers in Austria, France and the Netherlands. The Austrian subsidiary is now also focused on serving customers in Eastern Europe. In Germany, the sales team was strengthened and the test phase of the new self-service app 'The Companion' for company car users started.

Business performance in H1-2019

The Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 2.7 per cent to 126,200 contracts during the period from the beginning of January to the end of June 2019. In the second quarter, however, the contract development was positive. The Group's contract portfolio increased again slightly compared to the end of the first quarter.

In the Leasing business segment, the contract portfolio's development was burdened by further vehicle returns from the 1&1 campaign as well as further returns resulting from last year's dropped out high-volume customer in the Fleet Leasing business field. In the Fleet Management business segment, the contract portfolio continued to grow.

Consolidated revenue rose by 8.5 per cent to EUR 428.0 million compared to the same period last year. This is mainly attributable to the significant increase in sales revenues, especially from the considerably higher number of sold lease returns in the Online Retail business field. Consolidated operating revenue (excluding sales revenue) remained virtually stable at EUR 232.5 million (-1.5 per cent).

Consolidated earnings before taxes (EBT) in the first half of 2019 were with EUR 14.1 million in line with expectations (-10.7 per cent compared to the first half 2018). The operating return on revenue therefore amounted to 6.1 per cent (-0.6 percentage points). Consolidated net profit totalled EUR 10.4 million (-9.5 per cent).

Outlook

For the second half of 2019, the Managing Board expects a stronger business performance than in the first half of 2019. For the 2019 financial year, the Managing Board therefore continues to expect a slight increase of the Group's contract portfolio as well as consolidated operating revenue and EBT both at around the previous year's level.

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

---


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

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

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

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

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


THE SIXT LEASING GROUP IN H1 2019 AT A GLANCE1

       
Revenue development
in EUR million
H1
2019
H1
2018
Change
in %
   Operating revenue 232.5 236.1 -1.5
   Sales revenue 195.5 158.2 23.6
Consolidated revenue 428.0 394.3 8.5
   Thereof Leasing business unit 379.7 345.1 10.0
      Thereof leasing revenue (finance rate) 112.0 117.2 -4.4
      Thereof other revenue from leasing business 95.4 93.4 2.1
      Thereof sales revenue 172.2 134.4 28.1
   Thereof Fleet Management business unit 48.3 49.2 -1.9
      Thereof fleet management revenue 25.0 25.4 -1.7
      Thereof sales revenue 23.2 23.8 -2.3
       
Earnings development
in EUR million
H1
2019
H1
2018
Change
in %
Fleet expenses and cost of lease assets 284.1 246.3 15.3
Personnel expenses 21.3 18.7 14.1
Net other operating income/expense -7.6 -8.3 7.6
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 115.0 121.0 -5.0
Depreciation and amortisation expense 94.9 98.1 -3.2
Net finance costs -5.9 -7.1 17.1
Earnings before taxes (EBT) 14.1 15.8 -10.7
   Thereof Leasing business unit 12.2 13.6 -10.3
   Thereof Fleet Management business unit 1.9 2.2 -13.4
Operating return on revenue (in %)2 6.1 6.7 -0.6 points
Income tax expense 3.7 4.3 -13.9
Consolidated profit 10.4 11.5 -9.5
Earnings per share (in EUR) 0.51 0.56 -
       
Contract portfolio
 
31 Jun 2019 31 Dec 2018 Change
in %
Group contract portfolio 126,200 129,700 -2.7
   Thereof Online Retail business field 42,400 44,700 -5.1
   Thereof Fleet Leasing business field 40,700 43,000 -5.4
   Thereof Fleet Management business unit 43,100 42,000 2.5
       
Balance sheet figures
in EUR million
31 Jun 2019 31 Dec 2018 Change
in %
Total equity and liabilities 1,343.5 1,392.7 -3.5
Lease assets 1,137.6 1,204.4 -5.5
Financial liabilities 975.1 1,026.1 -5.0
Equity 217.0 216.8 0.1
Equity ratio (in %) 16.2 15.6 0.6 points
       
Cash flow
in EUR million
H1
2019
H1
2018
Change
in %
Gross Cash flow 101.4 114.1 -11.1
Investments in lease assets 194.9 280.9 -30.6
       

--
1
Rounding differences possible

2 Ratio of EBT to operating revenue



12.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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07/29/2019

Sixt Leasing SE: Change in the Supervisory Board: Dr Julian zu Putlitz succeeds Dr Bernd Metzner

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

29.07.2019 / 14:15
The issuer is solely responsible for the content of this announcement.


Change in the Supervisory Board of Sixt Leasing SE: Dr Julian zu Putlitz succeeds Dr Bernd Metzner

Pullach, 29 July 2019 - Effective 23 July 2019, Mr Dr Julian zu Putlitz was appointed to the Supervisory Board of Sixt Leasing SE by the Munich District Court at the request of the Managing Board. He succeeds Dr Bernd Metzner, who will no longer be able to fulfil his Supervisory Board mandate due to his move to Gerresheimer AG and resigned from the Board on 18 July 2019.

From 2009 to 2018, Dr Julian zu Putlitz was Chief Financial Officer (CFO) of Sixt SE and played a major role in the successful development of the Sixt Group in the past ten years. Moreover, prior to the IPO of Sixt Leasing SE he already was Member of the Supervisory Board of Sixt Leasing SE from 2009 to 2015.

Erich Sixt, Chairman of the Supervisory Board of Sixt Leasing SE: "With Mr Dr zu Putlitz the Supervisory Board of Sixt Leasing SE has gained an absolute financial specialist and Sixt expert. Personally, I am very pleased that Dr zu Putlitz is now available for Sixt in this new function. I am confident that he will contribute his expertise to the further development of the Sixt Leasing Group for the benefit of the Company and its shareholders. On behalf of the Supervisory Board, I would like to thank Mr Dr Metzner for his trusting cooperation."
 

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

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

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


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



29.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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06/25/2019

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

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

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


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

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

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

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

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

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

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

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

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

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

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

--

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

--

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

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

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

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



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

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



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06/17/2019

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

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

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


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

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

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

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

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

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

---

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


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

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

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


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



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

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



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06/04/2019

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

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

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


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

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

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

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

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

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

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

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

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

-

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

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

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


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



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

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



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05/08/2019

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

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

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


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

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

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

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

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

Business performance in Q1 2019

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

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

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


Outlook

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

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

--

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

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

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


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


THE SIXT LEASING GROUP IN Q1 2019 AT A GLANCE1

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

1 Rounding differences possible
2 Ratio of EBT to operating revenue



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

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



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04/16/2019

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

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

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


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

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

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

Growth through digitalisation

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

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

Financial year 2018

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

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

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

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

Outlook

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

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

--

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

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

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

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

www.sixt-leasing.com

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



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

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



show this