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02/23/2021

Sixt Leasing SE digitalises vehicle handover and return process

DGAP-News: Sixt Leasing SE / Key word(s): Miscellaneous
23.02.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE digitalises vehicle handover and return process

  • More efficiency and transparency
  • Recording and logging of all steps via smartphone app
  • Roll-out initially at the locations in Frankfurt, Berlin and Munich

Pullach, 23 February 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, is optimizing vehicle handover and return at its locations in Frankfurt-Egelsbach, Berlin-Adlershof and Munich-Eching. From now on, all logistics processes will be recorded digitally in the already launched SML software solution (Service Module Logistics): from the delivery of the new leased vehicle by truck and the handover to the corporate or private customer to the return and collection by the freight forwarder.

In the future, on-site employees will use a new smartphone app for this purpose, which they can use to determine the passages of risk as well as the exact equipment and condition of the vehicle. In the process, they create standardized, comprehensive photo logs. Thus, any transport damage can be recorded as soon as the new vehicle is delivered. The handover or return protocol is also signed using the app: customers simply sign on the smartphone of the employee responsible and receive the signed document by e-mail just a few minutes later.

All recorded data is transmitted automatically and in real time from the app (front-end) to Sixt Leasing's back-end system - and therefore does not need to be entered manually. This saves employees and customers even more time.

Josef Finauer, Managing Director Maintenance & Damage of Sixt Leasing SE: "Thanks to the digital recording of logistics processes, vehicle handover and return at our locations in Frankfurt, Berlin and Munich is now even more efficient and transparent. This benefits not only us as lessor, but also our customers in particular. The photo logs created with the smartphone build additional trust."

The new app was developed for Android devices in cooperation with the Hüsges Group. It can be used flexibly and is suitable for vehicle handover and return at any location. Sixt Leasing's goal is to roll out the app at the more than 30 Sixt SE stations where Sixt Leasing customers can pick up or return vehicles.

Tobias Gawor, Director Logistics of Sixt Leasing SE: "The app-based vehicle handover is an important, further step in the consistent digitalisation and automation of our processes. In addition to the positive customer experience, I am particularly pleased for our employees at the stations that we can now provide them with an intuitive and very advanced tool. And our back office and logistics partners will also benefit from the faster and automated availability of all relevant information. As a result, we now no longer use paper at all in our standard processes. We will also be scaling up and expanding the use of the app for vehicle handovers at our dealerships and doorstep deliveries over the course of the year."

Peter Damme, Senior Manager Product Management of Sixt Leasing SE: "With the SML, we were able to build a cloud software platform with which we can quickly develop new logistics processes and have the option of digitally connecting our internal contract software as well as external service providers. We have already achieved this with great success in the deregistration process. The next feature is already in preparation and will follow shortly as an SML update. This will enable us to optimize further processes."

Downloads (Credit: Sixt Leasing SE):

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com
 

Press contact:

Kirchhoff Consult
sixtleasing@kirchhoff.de



23.02.2021 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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01/19/2021

Sixt Leasing SE: autohaus24 GmbH with new brand identity - Used car locations in Frankfurt, Berlin and Munich

DGAP-News: Sixt Leasing SE / Key word(s): Miscellaneous
19.01.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: autohaus24 GmbH with new brand identity - Used car locations in Frankfurt, Berlin and Munich

Pullach, 19 January 2021 - autohaus24 GmbH, one of the leading online car dealerships in Germany and a wholly owned subsidiary of Sixt Leasing SE, is now presenting itself in a new look: both the brand logo and the autohaus24.de website have been completely redesigned. In addition, the used car locations of Sixt Leasing in Frankfurt-Egelsbach, Berlin-Adlershof and Munich-Eching are now operating under the autohaus24 brand.

Josef Finauer and Werner König, Managing Directors of autohaus24 GmbH: "With our new brand identity, we are emphasising our claim to be one of the leading online car dealers. In addition, we now have a local presence with our brand in the used car trade for the first time."

The aim of autohaus24 is to further expand its product and service portfolio for used cars - both online and offline. For example, customers at the new locations will have the opportunity to buy matching complete winter wheels for their vehicle.

PNG downloads (Credits: Sixt Leasing SE / autohaus24 GmbH):

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com


Press contact:

Kirchhoff Consult
sixtleasing@kirchhoff.de



19.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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01/13/2021

Sixt Leasing SE launches smartphone app for fleet customers

DGAP-News: Sixt Leasing SE / Key word(s): Market launch
13.01.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE launches smartphone app for fleet customers

Pullach, 13 January 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has launched a smartphone app for fleet customers: Thereby, company car drivers now have the possibility to manage everything related to their leasing contract easily and comfortably while on the road: from contract data and damage reports to workshop searches as well as booking appointments for inspections and tyre changes. The Sixt Leasing App can be used on iOS and Android devices and is available in the Apple and Google App Stores.

The Sixt Leasing App supports company car drivers with many convenient functions and offers full transparency and control:

Login/Registration:

  • Simple and secure registration by name and registration number or contract number

Home:

  • Content and functions tailored to the user
  • Overview of booked tyre and workshop appointments
  • Always up to date through selected leasing news

Profile:

  • View of contact, contract and vehicle data (e.g. duration, mileage, contract number)
  • Reminder before delivery of a new vehicle
  • Function for independent editing of individual data

Service:

  • Display of the digital service map with all service details
  • Display of the fuel cards deposited in the contract, including the possibility of blocking or replacing individual cards
  • Partner finder with all workshop and tyre partners relevant to the leasing contract
  • Contact information of the individual service partners
  • Direct navigation to the desired service partner
  • Simple and secure booking of appointments for tyre changes and inspections incl. reminder function

Damage:

  • Online registration of new damage
  • Direct contact to police and emergency call via click-to-call function
  • Direct contact to Assistance

Michael Ruhl, CEO of Sixt Leasing SE: "With the launch of the Sixt Leasing App, we are driving forward the digitalisation of our business model and expanding our digital service portfolio for fleet customers with an innovative tool. The Sixt Leasing App facilitates the administration of leasing contracts and thus makes an important contribution to more efficiency in leasing fleets."

The Sixt Leasing App for fleet customers is based on the Companion App for fleet management customers, which was launched at the end of 2019 by the Sixt Leasing subsidiary Sixt Mobility Consulting GmbH and is already used by around 16,000 company car drivers. The Sixt Leasing App is optimally tailored to fleet customers. It will be continuously updated and equipped with further useful features in the future.

Picture downloads (Credit: Sixt Leasing SE):

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com
 

Press contact:

Kirchhoff Consult
sixtleasing@kirchhoff.de



13.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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01/12/2021

Successful merger of Flottenmeister GmbH with Sixt Mobility Consulting GmbH

Sixt Mobility Consulting GmbH (SMC), one of the leading independent fleet management providers in Europe and a wholly owned subsidiary of Sixt Leasing SE, is from now on operating its subsidiary Flottenmeister GmbH as its own brand under the name “Flottenmeister powered by SMC”. This was agreed as part of a merger agreement.

Michael Poglitsch and Christian Braumiller, Managing Directors of Sixt Mobility Consulting GmbH: “We are pleased to integrate Flottenmeister even more strongly into the business of Sixt Mobility Consulting as our own brand. This allows us to combine the best of both worlds: manufacturer-independent all-round support, a comprehensive range of services, top quality and particularly attractive terms.“

Flottenmeister GmbH was fully acquired by SMC in the fourth quarter of 2019 in order to significantly expand its market position in Germany. SMC's contract portfolio in Europe increased to over 50,000 contracts as a result of the acquisition. In total, more than 7,000 managed company vehicles were taken over. At the time of the merger with SMC, Flottenmeister's contract portfolio stood at 8,700 contracts.

 

About Sixt Mobility Consulting:

Sixt Mobility Consulting GmbH (SMC) is one of the leading independent fleet management providers in Europe. SMC advises corporate customers on the efficient management of their fleets and provides all fleet management services for cars and vans with innovative IT solutions such as in particular the app “The Companion” and high-performance customer care teams.

As a bank- and manufacturer-independent fleet specialist, SMC optimises companies’ costs 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.

Through the use of the large partner network at attractive conditions, customers can significantly reduce their garage costs. In addition, SMC offers companies innovative corporate mobility services, such as mobility budgets, which are fully digitally managed and enable employees in cities in particular to use other mobility services, such as car sharing or weekend rental cars, as an alternative or supplement to the company car.

www.mobility-consulting.com

Press Contact:
Kirchhoff Consult
sixtleasing@kirchhoff.de  

01/12/2021

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

Sixt Leasing SE / Preliminary announcement on the disclosure of financial statements
12.01.2021 / 12:58
Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

Report Type: Annual financial report

Language: German
Date of disclosure: April 21, 2021
Address: http://ir.sixt-leasing.de/jahresberichte

Report Type: Annual financial report of the group

Language: German
Date of disclosure: April 21, 2021
Address: http://ir.sixt-leasing.de/jahresberichte

Language: English
Date of disclosure: April 21, 2021
Address: http://ir.sixt-leasing.com/annual-reports

Report Type: Financial report of the group (half-year/Q2)

Language: German
Date of disclosure: August 25, 2021
Address: http://ir.sixt-leasing.de/zwischenberichte

Language: English
Date of disclosure: August 25, 2021
Address: http://ir.sixt-leasing.com/interim-reports


12.01.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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12/10/2020

Sixt Leasing SE: Successful Extraordinary General Meeting 2020

DGAP-News: Sixt Leasing SE / Key word(s): AGM/EGM
10.12.2020 / 15:18
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Successful Extraordinary General Meeting 2020

Pullach, 10 December 2020 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, successfully held its virtual Extraordinary General Meeting in Pullach today. Approximately 92.4 per cent of the share capital was represented altogether. The shareholders adopted all the proposals from the Supervisory Board and the Managing Board by a large majority.

The shareholders approved, among other things, the proposal to flexibilise and extend the corporate purpose in the Articles of Association. They also agreed to increase the size of the Supervisory Board from three to six members. With Mr. Jochen Klöpper, Mrs. Hyunjoo Kim, Mr. Thomas Oliver Hanswillemenke and Mr. Chi Wan Yoon, a total of four new members were elected.

Together with Dr. Julian zu Putlitz, who was already elected to the Supervisory Board at the Annual General Meeting in June 2020, the Supervisory Board of Sixt Leasing SE thus currently consists of five members. The vacant position will be filled as soon as a suitable candidate has been found and proposed to the Annual General Meeting for election.

All the information about the 2020 Extraordinary General Meeting and the voting results are available on the website http://ir.sixt-leasing.com/agm.

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com


Contact:

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



10.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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12/03/2020

Sixt Leasing SE again wins the 'Company Car Award' of AUTO BILD as best leasing provider

DGAP-News: Sixt Leasing SE / Key word(s): Miscellaneous
03.12.2020 / 13:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE again wins the "Company Car Award" of AUTO BILD as best leasing provider

Pullach, 3 December 2020 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has been awarded the "Company Car Award" by AUTO BILD. The readers of Europe's largest automobile magazine elected the company as the winner in the "Leasing" category. Sixt Leasing had already won the coveted title in 2018.

Michael Ruhl, CEO of Sixt Leasing SE: "The fact that the readers of AUTO BILD have honored us with the 'Company Car Award' for the second time confirms once again our excellent reputation as one of the leading providers of tailor-made fleet solutions. We are constantly developing our product and service portfolio in the interests of our customers in order to offer them the best overall package of attractive terms, a wide choice and top service."

With the "Company Car Award", Sixt Leasing SE has already won the third prize this year. In July, the subsidiary autohaus24 GmbH received the consumer award "Germany's Best Online Portals 2020" in the category "New Car Portals" for its website autohaus24.de from the news channel n-tv and the German Institute for Service Quality (DISQ). In addition, autohaus24.de received the rating "High Recommendation" in the category "Car leasing: online providers" in the FOCUS-MONEY study "Recommended by customers".

Picture-Downloads (Credit: Sixt Leasing SE):

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com


Press contact Sixt Leasing:

Kirchhoff Consult
sixtleasing@kirchhoff.de



03.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



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11/11/2020

Sixt Leasing SE: Operating business development in the first nine months of 2020 in line with expectations

DGAP-News: Sixt Leasing SE / Key word(s): 9 Month figures
11.11.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Operating business development in the first nine months of 2020 in line with expectations

  • Further expansion of the digital product and service portfolio
  • Group contract portfolio with a slight decline in the first three quarters of 2020 - Increase of nearly four per cent compared to 30 September 2019
  • Consolidated operating revenue particularly impacted by COVID-19 pandemic
  • Consolidated earnings before taxes (EBT) mainly burdened by increased risk provisioning and transaction-related costs
  • Managing Board confirms reduced forecast for 2020

Pullach, 11 November 2020 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has overall developed in line with expectations in the first nine months of 2020 based on the earnings forecast published on 21 October 2020. With a slight decrease in the Group's contract portfolio in the period from the end of December 2019 to the end of September 2020, consolidated operating revenue also declined year-on-year. Consolidated earnings before taxes (EBT) were very significantly below the previous year's level. In the third quarter, the business development was particularly affected by the weaker-than-expected recovery of the overall economic situation. The Managing Board confirms the reduced forecast for 2020.

Business development in 9M 2020
In the first nine months of 2020, the expansion of the digital product and service portfolio in particular was further advanced. In the Online Retail business field, Sixt Leasing launched a sales cooperation with PAYBACK via its online platform sixt-neuwagen.de to market a Kia Stonic "VISION" to private customers. In addition, autohaus24.de was honored with the consumer award "Germany's Best Online Portals 2020" in the category "New Car Portals" from the news channel n-tv and the German Institute for Service Quality, and received the rating "High Recommendation" in the category "Car Leasing: Online Providers" in the FOCUS-MONEY study "Recommended by Customers".

In the Fleet Management business unit, the smartphone app "The Companion" for fleet customers was further developed and, among other things, upgraded with the digital payment function "Shell Payment@Pump". Furthermore, two proven industry experts, Mr. Christian Braumiller and Mr. Michael Poglitsch, were won as new Managing Directors of Sixt Mobility Consulting GmbH. In the Fleet Leasing business field, Sixt Leasing expanded its cooperation with BSH Hausgeräte GmbH in the field of e-mobility.

The contract portfolio in Online Retail fell by 9.9 per cent to 40,000 contracts in the period from the end of December 2019 to the end of September 2020, particularly burdened by a reduced number of new orders due to the economic impact of the COVID-19 pandemic and further vehicle returns from the 1&1 campaign conducted in the 2017 financial year. The contract portfolio in Fleet Leasing declined by 3.7 per cent to 38,900 contracts. In both business fields, business performance during the third quarter did not improve as planned, which is due in particular to the weaker-than-expected recovery in the overall economic situation as well as the ongoing COVID-19 situation. In Fleet Management, the contract portfolio increased by 3.0 per cent to 53,000 contracts in the first nine months of 2020.

Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 3.2 per cent to 131,900 contracts in the period from the end of December to the end of September. Compared to 30 September 2019, the Group contract portfolio recorded an increase of 3.7 per cent.

Consolidated revenue in the first three quarters of 2020 decreased by 10.7 per cent to EUR 565.3 million compared to the same period in the previous year. Operating revenue, which does not include the proceeds from vehicle sales, decreased in the same period by 8.6 per cent to EUR 319.9 million. The "lockdown" in the second quarter of 2020 in the wake of the COVID-19 pandemic had a major impact on the decline in operating revenue, which led, among other things, to a significant reduction in vehicle usage and thus to a drop in usage-related revenue, such as income from fuel revenues. Furthermore in the third quarter of 2020, after the lockdown in the second quarter of 2020, the increase in vehicle usage in particluar did not occur as expected. Sales revenue from the sale of leasing returns and marketing of customer vehicles in Fleet Management declined in the first three quarters by 13.3 per cent to EUR 245.4 million. This decrease was due to a very strong first quarter of the previous year, with very high sales of leasing returns in the Online Retail business field, as well as restrictions on stationary car sales resulting from the COVID-19 pandemic during the first half of 2020.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) decreased in first three quarters of 2020 by 7.6 per cent to EUR 158.6 million compared to the same period in the previous year. Consolidated earnings before taxes (EBT) saw a decline of 76.0 per cent to EUR 5.2 million due to various special effects. The operating return on revenue (EBT/operating revenue) thus amounted to 1.6 per cent (9M 2019: 6.2 per cent). Consolidated profit decreased by 78.7 per cent to EUR 3.4 million compared to the same period in the previous year.

The lower EBT is in line with the adjusted expectations from 20 July 2020 and results, among others, from the general volume effect in sale of lease returns described above, temporary sales support measures, higher marketing expenses at the beginning of the year, transaction-related costs in connection with the closing of the voluntary public takeover offer of Hyundai Capital Bank Europe GmbH (HCBE) in July 2020 as well as a need for additional risk provisioning in the mid single-digit million euro range as part of the regular review of the residual values of the leasing fleet in the first half of 2020. EBT adjusted for one-time and extraordinary effects amounted to EUR 15.1 million in the first three quarters of 2020.

Michael Ruhl, CEO of Sixt Leasing SE: "The challenging economic conditions do not prevent us from continuing to implement our strategy consistently and, in particular, from pushing ahead with the digitization of our product and service portfolio. Our new major shareholder, Hyundai Capital Bank Europe, will support us in this."

In November, Sixt Leasing SE participates in Germany's largest discount campaign with its "Black Leasing Friday", offering private and corporate customers popular new vehicles at especially attractive rates on its online platform sixt-neuwagen.de. Besides, the company plans the introduction of a completely digital order process on sixt-neuwagen.de starting from the 2021 financial year. Beyond that, the business model of Sixt Leasing SE will be extended by used car leasing.

Outlook
As the Managing Board of Sixt Leasing SE announced in its ad-hoc release on 21 October 2020, the expectation for the 2020 financial year - as communicated on 20 March 2020 - presuming a slight year-on-year increase in the Group's contract portfolio and of consolidated operating revenue at approximately the same level as in the previous year can probably not be realized. This is due to a weaker-than-expected business development in the third quarter of 2020 and the prospect of a continuing or even worsening COVID-19 situation in the fourth quarter of 2020. For the current financial year, the Managing Board expects that both the Group contract portfolio and its consolidated operating revenue will probably be significantly below the corresponding figures of last year.

In addition, the Managing Board confirms its earnings forecast, as adjusted on 20 July 2020, that the originally communicated earnings forecast for the 2020 financial year cannot be realized as expected. This is mainly due to the effects of additional risk provisioning and one-off transaction-related costs, which are already incurred in earnings, and other transaction-related costs to be recognized in the fourth quarter.

The Managing Board of Sixt Leasing SE is of the opinion that the strategic partnership with the new major shareholder, HCBE, puts the Sixt Leasing Group in a position to utilise new growth potential together in the future. Furthermore, the Managing Board hopes that the integration of Sixt Leasing into the two international and financially strong Groups of Santander and Hyundai also offers the opportunity to further optimise the company's financing structure.

The Group's Quarterly Statement as of 30 September 2020 can be downloaded from https://ir.sixt-leasing.com/interim-reports.

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com


Contact:

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


The Sixt Leasing Group in 9M 2020 at glance1

       
Revenue development
in EUR million
9M
2020
9M
2019
Change
in %
    Operating revenue 319.9 350.0 -8.6
    Sales revenue 245.4 283.0 -13.3
Consolidated revenue 565.3 633.0 -10.7
    Thereof Leasing business unit 485.3 555.3 -12.6
        Thereof leasing revenue (finance rate) 163.2 167.7 -2.7
        Thereof other revenue from leasing business 119.5 142.9 -16.3
        Thereof sales revenue 202.6 244.8 -17.2
    Thereof Fleet Management business unit 79.9 77.7 2.9
        Thereof fleet management revenue 37.2 39.4 -5.7
        Thereof sales revenue 42.8 38.2 11.9
       
Earnings development
in EUR million
9M
2020
9M
2019
Change
in %
Fleet expenses and cost of lease assets 359.4 418.9 -14.2
Personnel expenses 31.6 31.3 1.0
Net other operating income/expense -15.6 -11.1 -40.1
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 158.6 171.6 -7.6
Depreciation and amortisation expense 145.1 141.1 2.9
Net finance costs -8.4 -9.0 6.9
Earnings before taxes (EBT) 5.2 21.5 -76.0
    Thereof Leasing business unit 3.2 18.6 -82.9
    Thereof Fleet Management business unit 2.0 2.9 -31.8
Operating return on revenue (in %)2
 
1.6
 
6.2
 
-4.5 points
Income tax expense 1.7 5.4 -67.9
Consolidated profit 3.4 16.1 -78.7
Earnings per share (in EUR) 0.17 0.78 -
       
Contract portfolio
 
30 Sep 2020 31 Dec 2019 Change
in %
Group contract portfolio 131,900 136,200 -3.2
    Thereof Online Retail business field 40,000 44,300 -9.9
    Thereof Fleet Leasing business field 38,900 40,400 -3.7
    Thereof Fleet Management business unit 53,000 51,500 3.0
       
Balance sheet figures
in EUR million
30 Sep 2020 31 Dec 2019 Change
in %
Total assets 1,349.7 1,328.9 1.6
Lease assets 1,091.8 1,119.7 -2.5
Financial liabilities 989.9 948.2 4.4
Equity 214.0 229.2 -6.6
Equity ratio (in %)
 
15.9
 
17.2
 
-1.3 points
       
Cash Flow
in EUR million
9M
2020
9M
2019
Change
in %
Gross Cash flow 146.1 150.6 -3.0
Investments in lease assets 313.8 294.6 6.5
       
 

1 Rounding differences possible
2 Ratio of EBT to operating revenue



11.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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10/21/2020

Sixt Leasing SE: Forecast regarding group's contract portfolio and consolidated operating revenue for 2020 unlikely to be realized

Sixt Leasing SE / Key word(s): Forecast
Sixt Leasing SE: Forecast regarding group's contract portfolio and consolidated operating revenue for 2020 unlikely to be realized

21-Oct-2020 / 18:53 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.


Pullach, 21 October 2020 - The Management Board of Sixt Leasing SE today came to the conclusion that the forecast for the 2020 financial year communicated on 20 March 2020 of a slight increase in the group's contract portfolio and a consolidated operating revenue approximately on the previous year's level is unlikely to be realized. For the current fiscal year, the Management Board assumes that the group's contract portfolio and the consolidated operating revenue will probably each be significantly below the corresponding prior-year figures.

The main reasons for the deviation from the forecast are the weaker than expected business development in the third quarter of 2020, mainly due to the recovery of the overall economic situation, which remained below expectations, and the prospect of a continuing or even worsening COVID-19 situation in the fourth quarter of 2020. In this respect, the Management Board assumes that the negative development cannot be made up for in the fourth quarter of 2020 either.

Sixt Leasing SE already announced on 20 July 2020 that the originally communicated earnings forecast for the 2020 financial year will not be realised as expected. As planned, Sixt Leasing SE will publish its complete quarterly statement for Q3 2020 on 11 November 2020.

Note: "Consolidated operating revenue" is not a financial figure according to IFRS. Information on the composition of consolidated operating revenues can be found on page 37 and 38 of the Sixt Leasing SE annual report 2019 (available at https://ir.sixt-leasing.com).

Contact:
Stefan Vogel
Investor Relations
E-mail: ir@sixt-leasing.com
Tel: +49 89 74444 4518


 

21-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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10/05/2020

Sixt Leasing SE: autohaus24 GmbH appoints Werner König as Co-Managing Director

DGAP-News: Sixt Leasing SE / Key word(s): Personnel
05.10.2020 / 10:05
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: autohaus24 GmbH appoints Werner König as Co-Managing Director

Pullach, 5 October 2020 - autohaus24 GmbH, one of the leading online new car brokers in Germany and a wholly-owned subsidiary of Sixt Leasing SE, has appointed Werner König as Managing Director. He replaces Mr. Michael Ruhl, who continues to serve as the Chief Executive Officer of Sixt leasing SE. Mr. König shares the management of autohaus24 with Mr. Josef Finauer, who has held this position since April 2020.

Mr. König has been Head of Remarketing at Sixt Leasing for about five and a half years and will continue this operation in addition to his new tasks at autohaus24. Moreover, he was Managing Director of Sixt Car Sales GmbH from early 2015 to mid 2020. Previously, he successfully held several senior management positions in the automotive sector.

In his function as Managing Director of autohaus24 GmbH, Mr. König is responsible for the offline business with the former Sixt Car Sales locations for used cars in Berlin, Eching and Frankfurt. These had been sold to Hyundai Capital Bank Europe GmbH (HCBE) as part of the 92% takeover of Sixt Leasing SE by HCBE and are to be rebranded to the autohaus24 brand in early 2021. At the same time, Mr. Finauer will concentrate on the online business of autohaus24.de.

Since April 2020, Mr. Finauer has also been Managing Director of SXT Leasing Dienstleistungen GmbH & Co. KG and represents the business areas Productmanagement, Maintenance and Damage within Sixt Leasing SE. Previously he was, among other things, Service Manager at MAHAG Group (Volkswagen Group Retail Germany).

A joint focus of Mr. König and Mr. Finauer will be the rebranding of the autohaus24 brand with a new logo, new website and new brand strategy. In addition, the product portfolio will be expanded.

Josef Finauer, Managing Director of autohaus24 GmbH: 'I would like to thank Michael Ruhl for the successful collaboration and I am pleased to have a proven expert at my side with Werner König once again. Our goal is to develop autohaus24 into a digital car dealership for new and used cars and, in future, service products. We will offer these both online and offline at our locations.'

Werner König, Managing Director of autohaus24 GmbH: 'I am looking forward to taking autohaus24 to the next level together with Josef Finauer. Our extensive experience in the industry provides a good basis for a successful strategic reorientation with a strong online and offline business.'

Since 2009, autohaus24 has stood for excellent customer service, cross-brand advice and the best possible discount for new cars from German dealerships. The autohaus24 service guarantee ensures the full manufacturer's warranty, full liability for material defects and full service at the authorised dealer near the buyer.

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About Sixt Leasing:

Sixt Leasing SE based in Pullach near Munich is a leading provider 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 2019, the Group generated consolidated revenue of EUR 824 million.

www.sixt-leasing.com
 

Press contact Sixt Leasing:

Kirchhoff Consult
sixtleasing@kirchhoff.de



05.10.2020 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