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05/25/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
25.05.2020 / 10:33
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

2. Reason for notification
  Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Voluntary group notification with threshold triggered at subsidiary level, resulting from the non application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG.

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
Morgan Stanley & Co. International plc
Morgan Stanley & Co. LLC

5. Date on which threshold was crossed or reached:
18 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 8.80 % 0.15 % 8.95 % 20611593
Previous notification 8.29 % 0.04 % 8.33 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 1814284 0.00 % 8.80 %
Total 1814284 8.80 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
Right of recall over securities lending agreements at any time at any time 7741 0.04 %
    Total 7741 0.04 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Retail Structured Product 17.09.2068 at any time Cash 64 0 %
Equity Swap From 10.06.2021 to 25.02.2022 at any time Cash 22282 0.11 %
      Total 22346 0.11 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC 3.26 % % %
- % % %
Morgan Stanley % % %
Morgan Stanley International Holdings Inc. % % %
Morgan Stanley International Limited % % %
Morgan Stanley Investments (UK) % % %
Morgan Stanley & Co. International plc 5.55 % % 5.65 %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Investment Management Inc. % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
22 May 2020



25.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/19/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
19.05.2020 / 09:27
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Notification is triggered due to the non application of the Trading Book Exemption which is available under Sect. 36 Para. 1 WpHG

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
Morgan Stanley & Co. International plc
Morgan Stanley & Co. LLC

5. Date on which threshold was crossed or reached:
12 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 8.53 % 0.04 % 8.57 % 20611593
Previous notification 4.04 % 0.04 % 4.08 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 1757889 0.00 % 8.53 %
Total 1757889 8.53 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
Right of recall over securities lending agreements at any time at any time 7741 0.04 %
    Total 7741 0.04 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Retail Structured Product 17.09.2068 at any time Cash 62 0 %
Equity Swap 25.02.2022 at any time Cash 1282 0.01 %
      Total 1344 0.01 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC 3.37 % % %
- % % %
Morgan Stanley % % %
Morgan Stanley International Holdings Inc. % % %
Morgan Stanley International Limited % % %
Morgan Stanley Investments (UK) % % %
Morgan Stanley & Co. International plc 5.16 % % 5.16 %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Investment Management Inc. % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
The notification was triggered due to an acquisition of shares with voting rights which resulted in the holdings of Morgan Stanley & Co. International plc. crossing above 5%, resulting in the non application of the trading book exemption. 

Date
18 May 2020



19.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/14/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
14.05.2020 / 15:32
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

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

3. Details of person subject to the notification obligation
Natural person (first name, surname): John Addis
Date of birth: 12 May 1969

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

5. Date on which threshold was crossed or reached:
12 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 4.80 % 0.00 % 4.80 % 20,611,593
Previous notification 5.82 % 0.00 % 5.82 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 988,817 0.00 % 4.80 %
Total 988,817 4.80 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
0 0.00 %
    Total 0 0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
0 0.00 %
      Total 0 0.00 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
John Addis % % %
FourWorld Capital Management LLC 4.80 % % %
- % % %
John Addis % % %
FourWorld Capital, LLC % % %
FourWorld Global Opportunities Fund, Ltd % % %
- % % %
John Addis % % %
FourWorld Capital, LLC % % %
FourWorld Event Opportunities Fund, LP % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
13 May 2020



14.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/13/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
13.05.2020 / 09:05
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Notification is triggered due to the application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United States of America (USA)

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

5. Date on which threshold was crossed or reached:
06 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 4.04 % 0.04 % 4.08 % 20611593
Previous notification 4.99 % 0.04 % 5.03 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 832814 0.00 % 4.04 %
Total 832814 4.04 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
Right of recall over securities lending agreements at any time at any time 7741 0.04 %
    Total 7741 0.04 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Equity Swap 25.02.2022 at any time Cash 1282 0.01 %
      Total 1282 0.01 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC 4.04 % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Investment Management Inc. % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
12 May 2020



13.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/12/2020

Sixt Leasing SE: Business development in the first quarter of 2020 in line with expectations

DGAP-News: Sixt Leasing SE / Key word(s): Quarter Results
12.05.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Business development in the first quarter of 2020 in line with expectations

  • Slight decrease in Group contract portfolio in the first three months of 2020 - Significant increase compared to the same period of the previous year
  • Consolidated operating revenue and earnings before taxes (EBT) below previous year's level, as expected
  • Managing Board and Supervisory Board propose a dividend of EUR 0.90 per Sixt Leasing share to the shareholders for the 2019 financial year
  • Managing Board intensifies measures to reduce COVID-19 risks and confirms forecast for 2020 - Still recovery expected in the second half of the year
  • End of additional acceptance period for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH on 20 May 2020 at 24:00 hours (CEST)

Pullach, 12 May 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 developed in line with expectations in the first quarter of 2020. The Group's contract portfolio decreased slightly in the period from the end of December 2019 to the end of March 2020. Consolidated operating revenue declined year-on-year. Earnings before taxes (EBT) were very significantly below the previous year's level. The Managing Board confirms the forecast for the 2020 financial year. Accordingly, it continues to expect business development to recover in the second half of the year.

Business development in Q1 2020
In the first quarter 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 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". 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 the Online Retail business field fell slightly by 1.8 per cent to 43,500 in the period from the end of December to the end of March, particularly as a result of further vehicle returns from the 1&1 campaign conducted in the 2017 financial year. The contract portfolio in the Fleet Leasing business field declined by 1.7 per cent to 39,700 contracts. The Fleet Management business unit recorded growth of 1.4 per cent to 52,200 contracts. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 0.7 per cent to 135,300 contracts.

Compared to the end of the first quarter of 2019, the Group contract portfolio recorded a significant growth of 7.7 per cent. The main reason for this was the 24.9 per cent increase in the contract portfolio in Fleet Management, which is mainly due to the acquisition of Flottenmeister GmbH in the fourth quarter of 2019. The contract portfolio in Online Retail increased by 2.6 per cent compared to the same quarter last year. Fleet Leasing recorded a decline of 4.1 per cent.

Consolidated revenue in the first quarter of 2020 fell by 14.4 per cent year-on-year to EUR 199.3 million. This is mainly due to the decline in sales revenues. Consolidated operating revenue (excluding sales revenue) fell by 4.5 per cent to EUR 114.3 million. Sales revenues from leasing returns and marketed customer vehicles in fleet management fell by 24.8 per cent to EUR 85.0 million. This decline is mainly due on the one hand to the very strong first quarter of the previous year with a very high number of leasing returns sold in the Online Retail business field, and on the other hand to the restrictions on stationary automobile trade as a result of the COVID-19 pandemic.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell in the first three months of 2020 by 1.5 per cent to EUR 56.3 million compared to the same period last year. Consolidated earnings before taxes (EBT) recorded a decline of 20.3 per to EUR 5.6 million, which was in line with expectations. The lower EBT is due, among other things, to the volume effect in vehicle sales described above, increased marketing expenses at the beginning of the year and initial transaction-related costs in connection with the voluntary public takeover offer by Hyundai Capital Bank Europe GmbH (HCBE). The operating return on revenue in the first three months of 2020 thus amounted to 4.9 per cent (-1.0 percentage points). Consolidated profit decreased by 33.4 per cent to EUR 3.8 million.

Dividend proposal
The Managing Board and Supervisory Board of Sixt Leasing SE propose to the shareholders a dividend of EUR 0.90 per Sixt Leasing share for the 2019 financial year (previous year: EUR 0.48). Thus, the Boards confirm the dividend expectations of the shareholders as deriving from the sale of Sixt SE's stake in the company and the associated voluntary public takeover offer by HCBE. The Managing Board and Supervisory Board based their dividend proposal on the up to date business, investment and liquidity planning of the company, which already has been adjusted to the expected economic and financial effects of the COVID-19 situation on the markets and the operations of Sixt Leasing SE.

Michael Ruhl, CEO of Sixt Leasing SE: "As expected, the general conditions for our business have become more challenging. We have therefore significantly intensified our early warning, monitoring and control measures for the Sixt Leasing Group. Our new major shareholder HCBE will give us the tailwind to continue to successfully implement our 'DRIVE>2021' strategy program. The minimum acceptance threshold for the voluntary public takeover offer has already been reached. The further acceptance period will end in a few days."

With its internal control and risk management system, Sixt Leasing SE is appropriately positioned for monitoring and controlling the Group, also in regard to the current COVID-19 situation. However, the Managing Board has intensified risk management due to the more demanding framework conditions.

Takeover offer
Shareholders of Sixt Leasing SE can accept the voluntary public takeover offer by HCBE until the end of the legally stipulated, additional acceptance period on 20 May 2020 at 24:00 hours (CEST). The minimum acceptance threshold of 55 per cent was significantly exceeded at the end of the regular acceptance period on 30 April 2020 at 24:00 hours (CEST) with an acceptance rate of 72,84 per cent. The closing of the takeover offer is still subject to the remaining customary closing conditions set out in the offer document.

HCBE, a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., had announced the offer on 21 February 2020. The offer document was published on 24 March 2020. In their joint reasoned statement on 6 April 2020, the Managing Board and Supervisory Board of Sixt Leasing SE issued a recommendation to shareholders to accept the offer. The statement is available on the Internet at https://ir.sixt-leasing.com/takeoveroffer.

Outlook
According to the forecast published on 20 March 2020, the Managing Board continues to expect a slight increase in the Group's contract portfolio compared with the 2019 financial year and consolidated operating revenue to be roughly at the previous year's level. With regard to EBT, the Managing Board expects a figure very significantly below the previous year's level. This does not yet take into account the expenses that would be incurred after a successfully completed HCBE takeover offer. The Managing Board expects the transaction to be completed in the second half of 2020 and, in this case, expects additional one-off costs in a high single-digit million euro range in the year 2020, part of which is to be considered in the accounting already in the first half of 2020. The assumptions and uncertainties in connection with the COVID-19 pandemic described in the Quarterly Statement also apply to the forecast. This includes the assumption that a recovery in business development will occur in the second half of the year 2020.

The Group's Quarterly Statement as of 31 March 2020 can be downloaded from https://ir.sixt-leasing.com/interim-reports.

---

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 Q1 2020 at a glance1

       
Revenue development
in EUR million
Q1 2020
 
Q1 2019
 
Change
in %
    Operating revenue 114.3 119.7 -4.5
    Sales revenue 85.0 113.0 -24.8
Consolidated revenue 199.3 232.7 -14.4
    Thereof Leasing business unit 169.6 206.6 -17.9
        Thereof leasing revenue (finance rate) 54.9 56.4 -2.6
        Thereof other revenue from leasing business 46.1 47.8 -3.6
        Thereof sales revenue 68.6 102.4 -33.0
    Thereof Fleet Management business unit 29.7 26.1 13.9
        Thereof fleet management revenue 13.3 15.5 -14.1
        Thereof sales revenue 16.4 10.6 54.8
       
Earnings development
in EUR million
Q1 2020
 
Q1 2019
 
Change
in %
Fleet expenses and cost of lease assets 128.6 161.1 -20.2
Personnel expenses 10.2 10.6 -4.2
Net other operating income/expense -4.2 -3.8 -10.7
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 56.3
 
57.2
 
-1.5
 
Depreciation and amortisation expense 47.9 47.3 1.3
Net finance costs -2.8 -2.9 2.1
Earnings before taxes (EBT) 5.6 7.0 -20.3
    Thereof Leasing business unit 4.8 6.2 -22.3
    Thereof Fleet Management business unit 0.8 0.8 -4.7
Operating return on revenue (in %)2
 
4.9
 
5.9
 
-1.0 points
Income tax expense 1.8 1.4 34.5
Consolidated profit 3.8 5.7 -33.4
Earnings per share (in EUR) 0.18 0.27 -
       
Contract portfolio
 
31 Mar 2020 31 Dec 2019 Change
in %
Group contract portfolio 135,300 136,200 -0.7
    Thereof Online Retail business field 43,500 44,300 -1.8
    Thereof Fleet Leasing business field 39,700 40,400 -1.7
    Thereof Fleet Management business unit 52,200 51,500 1.4
       
Balance sheet figures
in EUR million
31 Mar 2020 31 Dec 2019 Change
in %
Total assets 1,443.4 1,328.9 8.6
Lease assets 1,128.5 1,119.7 0.8
Financial liabilities 1,044.7 948.2 10.2
Equity 233.2 229.2 1.8
Equity ratio (in %)
 
16.2
 
17.2
 
-1.0 points
       
Cash Flow
in EUR million
Q1 2020
 
Q1 2019
 
Change
in %
Gross Cash flow 49.3 50.2 -1.9
Investments in lease assets 120.4 93.4 28.8
       
 

1 Rounding differences possible
2 Ratio of EBT to operating revenue



12.05.2020 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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05/12/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
12.05.2020 / 07:18
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Notification is triggered due to the application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG.

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United States of America (USA)

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

5. Date on which threshold was crossed or reached:
05 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 4.99 % 0.04 % 5.03 % 20611593
Previous notification 5.02 % 0.05 % 5.07 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 1028276 0.00 % 4.99 %
Total 1028276 4.99 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
Right of recall over securities lending agreements at any time at any time 7741 0.04 %
    Total 7741 0.04 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Equity Swap 25.02.2022 at any time Cash 1282 0.01 %
      Total 1282 0.01 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC 4.99 % % 5.03 %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Investment Management Inc. % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
11 May 2020



12.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/11/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
11.05.2020 / 09:04
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Notification is triggered due to the application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG resulting in the application of the Trading Book Exemption which is available under Sect. 36 Para. 1 WpHG 3.

3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United States of America (USA)

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

5. Date on which threshold was crossed or reached:
04 May 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 5.02 % 0.05 % 5.07 % 20611593
Previous notification 11.82 % 0.05 % 11.87 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 0 1034828 0.00 % 5.02 %
Total 1034828 5.02 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
Right of recall over securities lending agreements at any time at any time 8713 0.04 %
    Total 8713 0.04 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Equity Swap 25.02.2022 at any time Cash 1282 0.01 %
      Total 1282 0.01 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley Capital Services LLC % % %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Domestic Holdings, Inc. % % %
Morgan Stanley & Co. LLC 5.02 % % 5.06 %
- % % %
Morgan Stanley % % %
Morgan Stanley Capital Management, LLC % % %
Morgan Stanley Investment Management Inc. % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
Notification is triggered due to the application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG resulting in the application of the Trading Book Exemption which is available under Sect. 36 Para. 1 WpHG 3. to Morgan Stanley & Co. International plc's remaining holding of 4.41% as of 4th May 2020. 

Date
08 May 2020



11.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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05/07/2020

Sixt Leasing SE: Minimum acceptance threshold for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH clearly exceeded

DGAP-News: Sixt Leasing SE / Key word(s): Offer
07.05.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Minimum acceptance threshold for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH clearly exceeded

  • Acceptance rate of roughly 73 per cent significantly above the minimum acceptance threshold of 55 per cent
  • Managing Board and Supervisory Board of Sixt Leasing SE welcome the acceptance of the offer by the shareholders
  • Additional acceptance period runs until 20 May 2020 at 24:00 hours (CEST)

Pullach, 7 May 2020 - Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., announced yesterday the results of its voluntary public takeover offer to the shareholders of Sixt Leasing SE: Accordingly, the acceptance rate - including the stake of Sixt SE - amounted to 72.84 per cent at the end of the acceptance period on 30 April 2020 at 24:00 hours (CEST). This was significantly above the minimum acceptance threshold of 55 per cent.

Michael Ruhl, CEO of Sixt Leasing SE: "We are pleased that the overwhelming majority of our shareholders followed our recommendation and accepted the attractive offer from HCBE. Thus, we have reached a milestone on the way to the planned strategic partnership with our new major shareholder. The alliance with HCBE enables us to successfully continue Sixt Leasing's growth strategy. We are confident that the outstanding offer conditions will be met in the coming months."

In accordance with § 16 of the German Securities Trading and Takeover Act (WpÜG), shareholders of Sixt Leasing SE who have not yet tendered their shares are entitled to accept the offer from HCBE until the additional period provided for by law expires. It began today and will end on 20 May 2020 at 24:00 hours (CEST).

The completion of the takeover offer is still subject to the remaining customary closing conditions set out in the offer document. The transaction is still expected to be completed in the second half of 2020.

HCBE had announced the offer at a price of EUR 18.00 or, if the conditions defined in the offer document are met, up to EUR 18.90 per Sixt Leasing share in cash on 21 February 2020. The corresponding offer document was published on 24 March 2020 and is available on the Internet at hcbe-offer.com. After an independent examination of the conditions of the takeover offer, the Managing Board and Supervisory Board of Sixt Leasing SE recommended the shareholders to accept the offer in their statement pursuant to § 27 WpÜG of 6 April 2020. The statement is available at ir.sixt-leasing.com/takeoveroffer.

---

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



07.05.2020 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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05/06/2020

Sixt Leasing SE: Managing Board and Supervisory Board propose a dividend of EUR 0.90 per Sixt Leasing share

Sixt Leasing SE / Key word(s): Dividend
Sixt Leasing SE: Managing Board and Supervisory Board propose a dividend of EUR 0.90 per Sixt Leasing share

06-May-2020 / 18:28 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: Managing Board and Supervisory Board propose a dividend of EUR 0.90 per Sixt Leasing share

Pullach, 06 May 2020 - The Managing Board and Supervisory Board of Sixt Leasing SE propose to the shareholders a dividend of EUR 0.90 per Sixt Leasing share for the fiscal year 2019 (previous year: EUR 0.48). Sixt Leasing Group has achieved in the fiscal year 2019 a consolidated profit of EUR 22 million and consolidated earnings per share of EUR 1.04. The balance sheet profit of Sixt Leasing SE according to German GAAP (HGB) amounts to EUR 40.3 million and thus corresponds to EUR 1.96 per share. With its dividend decision, Managing Board and Supervisory Board confirm the dividend expectations of the shareholders as deriving from the sale of Sixt SE's stake in the company and the associated voluntary public takeover bid by Hyundai Capital Bank Europe GmbH. The Managing Board and Supervisory Board based their dividend proposal on the up to date business, investment and liquidity planning of the company, which already has been adjusted to the expected economic and financial effects of the COVID-19 situation on the markets and the operations of Sixt Leasing SE.

Contact:
Stefan Vogel
Investor Relations
email: ir@sixt-leasing.com
phone: +49 89 74444 4518


06-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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05/01/2020

Sixt Leasing SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Sixt Leasing SE
01.05.2020 / 17:32
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer
Name: Sixt Leasing SE
Street: Zugspitzstraße 1
Postal code: 82049
City: Pullach
Germany
Legal Entity Identifier (LEI): 529900CBIWZ57I62HZ92

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

3. Details of person subject to the notification obligation
Legal entity: SAMSON ROCK CAPITAL LLP
City of registered office, country: LONDON, United Kingdom

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

5. Date on which threshold was crossed or reached:
28 Apr 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 3.19 % 3.05 % 6.23 % 20611593
Previous notification 0.00 % 5.03 % 5.03 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A0DPRE6 656634 0 3.19 % 0.00 %
Total 656634 3.19 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
0 0.00 %
    Total 0 0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
CFD 25/06/2021 N/A Cash 628231 3.05 %
      Total 628231 3.05 %

8. Information in relation to the person subject to the notification obligation
X Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
  Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

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

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
01 May 2020



01.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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