The future of mobility is digital

Financial News

05/26/2021

Sixt Leasing SE: sixt-neuwagen.de and autohaus24.de receive 'Germany's Best Online Portals 2021' award

DGAP-News: Sixt Leasing SE / Key word(s): Miscellaneous
26.05.2021 / 14:28
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: sixt-neuwagen.de and autohaus24.de receive "Germany's Best Online Portals 2021" award

Pullach, 26 May 2021 - A raft of prizes for two Sixt Leasing brands: the websites sixt-neuwagen.de and autohaus24.de have been awarded the consumer award "Germany's Best Online Portals 2021" in the category "New Car Portals" by the news channel n-tv and the German Institute for Service Quality (DISQ). sixt-neuwagen.de is thus among the winners for the fifth time in a row and autohaus24.de for the third time in a row. For this year's consumer award, around 45,000 customer opinions were obtained and over 640 providers were evaluated.

Michael Ruhl, CEO of Sixt Leasing SE: "The renewed award for our websites sixt-neuwagen.de and autohaus24.de shows that we can inspire our customers with individual mobility offers and excellent service even in times of contact restrictions."

In addition to the award "Germany's Best Online Portals 2021", autohaus24.de also received a high customer recommendation in a study by the BILD newspaper and the rating agency ServiceValue. For this purpose, more than 900,000 consumers were surveyed and a total of 2,340 companies and providers from 204 industries were considered.

Josef Finauer and Werner König, Managing Directors of autohaus24 GmbH: "We would like to express our sincere thanks to consumers for their high level of trust. The awards for autohaus24.de spur us on to further expand our position as one of the leading online car dealerships in Germany and to always put customers first."

On sixt-neuwagen.de and autohaus24.de, private and commercial customers can lease new vehicles at favourable rates. They have the option of choosing from over 30 brands, configuring their desired vehicle and using vario financing as an alternative to classic leasing. In addition, sixt-neuwagen.de offers stock cars that can be delivered quickly, while autohaus24.de offers a search for suitable used cars with a warranty. Furthermore, customers can take advantage of personal advice on both portals.

Photos of the award winners:

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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 financial year 2020, the Group generated consolidated revenue of EUR 748 million.

www.sixt-leasing.com


Press contact Sixt Leasing:

Kirchhoff Consult
sixtleasing@kirchhoff.de



26.05.2021 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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05/19/2021

Sixt Leasing SE: Business development in first quarter of 2021 further impacted by COVID-19 pandemic - Outlook for 2021 confirmed

DGAP-News: Sixt Leasing SE / Key word(s): Quarter Results
19.05.2021 / 08:02
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Business development in first quarter of 2021 further impacted by COVID-19 pandemic - Outlook for 2021 confirmed

  • Business development in the first quarter of 2021 in line with expectations
  • Further successful digitalisation of the business model
  • Outlook 2021: Slight increase in Group contract portfolio, consolidated operating revenue in the range of previous year's figure and EBT in a higher single-digit million euro amount to be expected

Pullach, 19 May 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as a specialist in the management and full-service leasing of large fleets, has developed in line with expectations in the first quarter of 2021. Business development continued to be affected in particular by the COVID-19 pandemic. The Group contract portfolio decreased slightly in the period from the end of December 2020 to the end of March 2021. Consolidated operating revenue showed a significant year-on-year decline. Consolidated earnings before taxes (EBT) were very sharply below the prior-year level. The forecast issued in March continues to apply for the 2021 financial year.

Business development
In the first quarter of 2021, Sixt Leasing achieved several milestones in the digitalisation of its business model. Firstly, a new smartphone app for fleet customers was launched, which makes it easier for company car drivers to manage their leasing contract and thus increases efficiency in fleets. In addition, the realignment of the subsidiary autohaus24 as one of the leading online car dealerships for new and used cars in Germany was driven forward and a rebranding of the brand presence was carried out. Moreover, a completely digital ordering process was introduced on sixt-neuwagen.de, enabling private customers to conclude contracts conveniently and securely from home or on the road. Via sixt-neuwagen.de, Sixt Leasing also launched an initial campaign as the starting point for a longer-term cooperation with Vehiculum to market attractive new cars on the Internet.

The contract portfolio in the Online Retail business field decreased by 2.3 per cent to 37,800 contracts in the period from the end of December 2020 to the end of March 2021, mainly due to a continued weak new business volume. The contract portfolio in the Fleet Leasing business field fell by 3.5 per cent to 36,500 contracts. In the Fleet Management business unit, the contract portfolio increased by 0.7 per cent to 53,900 contracts. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) fell slightly by 1.4 per cent to 128,100 contracts.

Consolidated revenue in the first quarter of 2021 decreased by 6.3 per cent to EUR 186.7 million compared to the same period in the previous year. This is mainly due to the decline in operating revenue. Operating revenue, which does not include proceeds from vehicle sales, decreased by 14.5 per cent to EUR 97.7 million. A major impact on the decline in operating revenue was attributable to the third "lockdown" due to the ongoing COVID-19 pandemic, which lasted throughout the full first quarter of 2021, in contrast to the prior-year quarter, which was not burdened to the same extent by the COVID-19 pandemic. This third "lockdown" resulted, among other things, in a significantly reduced vehicle usage, causing in particular a decline in usage-related revenues, such as fuel revenues and revenue from individual service products. Moreover, leasing revenue (finance rate) decreased compared to the first quarter of 2020 due to the decline in the contract portfolio of the Leasing business unit. Sales revenue from the sale of leasing returns and marketing of customer vehicles in Fleet Management increased by 4.7 per cent to EUR 89.0 million. Among other things, this increase was due to the fact that fewer vehicles were sold in the prior-year quarter as a result of the extensive restrictions on stationary motor vehicle sales during the first "lockdown" caused by the COVID-19 pandemic.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased in the first three months of 2021 by 16.1 per cent to EUR 47.2 million compared to the same period in the previous year. As expected, earnings before taxes (EBT) saw a decline of 82.5 per cent to EUR 1.0 million. The operating return on revenue (EBT/operating revenue) consequently amounted to 1.0 per cent (Q1 2020: 4.9 per cent). Consolidated profit decreased by 84.0 per cent to EUR 0.6 million. The lower EBT is in line with expectations and is mainly due to the market and business environment, which was strongly negatively impacted by the COVID-19 pandemic, as it was still burdened by transaction-related costs incurred in connection with the company being taken over by Hyundai Capital Bank Europe GmbH (HCBE).

Michael Ruhl, CEO of Sixt Leasing SE: "The economic environment remains challenging due to the Corona pandemic. Nevertheless, we successfully advanced the digitalisation of our business model in the first quarter. We will continue to consistently implement our strategy and are thus well positioned to meet the continuing high demand for mobility - especially after the lifting of contact restrictions."

Besides the further digitalisation of products, services, and internal processes, Sixt Leasing is planning to introduce a mobility budget in the Fleet Management business unit in the 2021 financial year among other things. This is intended to give fleet customers' employees the option - as an alternative or supplement to the company car - of using means of transport such as bus, rail, bicycle, car sharing or taxi. Another focus will be on diversifying the customer portfolio in the Fleet Leasing business field with smaller fleets and especially on service quality.

Outlook
The Managing Board confirms the outlook published on 24 March 2021. Accordingly, it expects a slight increase in the Group contract portfolio compared to the previous year (2020: 129,900 contracts) and consolidated operating revenue in the range of previous year's figure (2020: EUR 423.3 million). With regard to EBT, the Managing Board expects a higher single-digit million euro amount (2020: EUR 9.1 million).

The reason for the cautious forecast for the full year 2021 is, in addition to the operating business development in the 2021 financial year to date, primarily the ongoing COVID-19 situation. In this respect, the company assumes that the market and business environment will continue to be strongly negatively impacted by the COVID-19 pandemic and expects a recovery in business development in the second half of 2021 at the earliest. In addition, consolidated earnings will also be burdened in the 2021 financial year by transaction-related costs in connection with the takeover of the company by HCBE.

The Group's Quarterly Statement as of 31 March 2021 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 financial year 2020, the Group generated consolidated revenue of EUR 748 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 2021 at glance1

       
Revenue development
in EUR million
Q1 2021
 
Q1 2020
 
Change
in %
    Operating revenue 97.7 114.3 -14.5
    Sales revenue 89.0 85.0 4.7
Consolidated revenue 186.7 199.3 -6.3
    Thereof Leasing business unit 161.7 169.6 -4.7
        Thereof leasing revenue (finance rate) 51.9 54.9 -5.5
        Thereof other revenue from leasing business 33.1 46.1 -28.2
        Thereof sales revenue 76.7 68.6 11.8
    Thereof Fleet Management business unit 25.0 29.7 -15.9
        Thereof fleet management revenue 12.7 13.3 -4.5
        Thereof sales revenue 12.3 16.4 -25.1
       
Earnings development
in EUR million
Q1 2021
 
Q1 2020
 
Change
in %
Fleet expenses and cost of lease assets 120.8 128.6 -6.1
Personnel expenses 12.8 10.2 26.3
Net other operating income/expense -5.8 -4.2 -38.2
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 47.2 56.3 -16.1
Depreciation and amortisation expense 44.5 47.9 -7.1
Net finance costs -1.8 -2.8 37.4
Earnings before taxes (EBT) 1.0 5.6 -82.5
    Thereof Leasing business unit 1.0 4.8 -80.0
    Thereof Fleet Management business unit 0.0 0.8 -97.7
Operating return on revenue (in %)2 1.0 4.9 -3.9 points
Income tax expense 0.4 1.8 -79.3
Consolidated profit 0.6 3.8 -84.0
Earnings per share (in EUR) 0.03 0.18 -
       
Contract portfolio
 
31/03/21
 
31/12/20
 
Change
in %
Group contract portfolio 128,100 129,900 -1.4
    Thereof Online Retail business field 37,800 38,600 -2.3
    Thereof Fleet Leasing business field 36,500 37,800 -3.5
    Thereof Fleet Management business unit 53,900 53,500 0.7
       
Balance sheet figures
in EUR million
31/03/21
 
31/12/20
 
Change
in %
Total assets 1,283.5 1,295.6 -0.9
Lease assets 1,071.1 1,092.5 -2.0
Financial liabilities 917.3 935.9 -2.0
Equity 213.6 212.9 0.3
Equity ratio (in %)
 
16.6
 
16.4
 
0.2 points
       
Cash Flow
in EUR million
Q1 2021
 
Q1 2020
 
Change
in %
Gross Cash flow 36.8 49.3 -25.3
Investments in lease assets 89.0 120.4 -26.1
       
 

1 Rounding differences possible
2 Ratio of EBT to operating revenue



19.05.2021 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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04/28/2021

Sixt Leasing SE publishes Annual Report 2020

DGAP-News: Sixt Leasing SE / Key word(s): Annual Report/Annual Results
28.04.2021 / 08:13
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE publishes Annual Report 2020

  • Business development 2020 in line with expectations
  • Forecast for the 2021 financial year confirmed - focus on digitalisation

Pullach, 28 April 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as a specialist in the management and full-service leasing of large fleets, has published its Annual Report 2020. Accordingly, there were no deviations from the preliminary annual figures which had already been published in March 2021. The business development in 2020 is in line with the expectations adjusted in July and October 2020. The forecast issued in March continues to apply for the 2021 financial year.

Business development
In 2020, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased by 4.6 per cent to 129,900 contracts compared to the previous year. Consolidated revenue fell by 9.3 per cent to EUR 747.7 million. Consolidated operating revenue, which does not include the proceeds from vehicle sales, decreased by 9.6 per cent to EUR 423.3 million. Sales revenues for lease returns and marketed customer vehicles in fleet management decreased by 8.9 per cent to EUR 324.4 million.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) declined by 9.1 per cent to EUR 211.4 million. Consolidated earnings before taxes (EBT) fell by 68.9 per cent to EUR 9.1 million due to various special effects. As a result, the operating return on revenue (EBT/operating revenue) was 2.2 per cent (2019: 6.3 per cent). Consolidated profit decreased by 89.9 per cent to EUR 2.2 million. Adjusted for one-off and extraordinary effects from the takeover of the company by Hyundai Capital Bank Europe GmbH as well as the increased risk provisioning in connection with vehicle residual values, EBT ("adjusted EBT") amounted to EUR 20.8 million.

Dividend proposal
The Managing Board of Sixt Leasing SE is considering proposing a dividend of EUR 0.02 per share for the 2020 financial year to the Annual General Meeting on June 29, 2021, taking into account the restrictions and challenges of the ongoing COVID-19 situation. The exact dividend proposal is subject to the approval of the Supervisory Board and will be published with the agenda for the 2021 Annual General Meeting, taking into account any expectations of the supervisory authorities in this respect. The dividend proposal of the Managing Board corresponds to a pay-out ratio of just under 20 per cent of consolidated net profit in the 2020 financial year. The previously communicated target range of 30 to 60 per cent remains unchanged regardless of the pay-out ratio for the last financial year.

Michael Ruhl, CEO of Sixt Leasing SE: "In 2021, we want to continue to successfully drive forward the digitalisation of our products, services and internal processes. In addition, we plan to introduce a mobility budget for fleet customers and expand our business model to include used car leasing. Another focus will be on the acquisition of smaller fleet customers and especially on service quality."

In the first quarter of 2021, Sixt Leasing achieved three further milestones in the implementation of its strategy with the launch of a new fleet customer app, the rebranding and reorientation of its autohaus24 subsidiary and the introduction of a completely digital ordering process for private customers on sixt-neuwagen.de. In addition, Sixt Leasing has launched a long-term cooperation with Vehiculum via sixt-neuwagen.de to market attractive new cars on the Internet.

Outlook
The Managing Board confirms the forecast published on March 24, 2021. Accordingly, it expects a slight increase in the Group contract portfolio for the current 2021 financial year compared to the previous year (2020: 129,900 contracts) and consolidated operating revenue in the range of previous year's figure (2020: EUR 423.3 million). With regard to EBT, the Managing Board expects a higher single-digit million euro amount (2020: EUR 9.1 million).

The reason for the cautious forecast for the full year 2021 is, in addition to the operating business development in the 2021 financial year to date, primarily the ongoing COVID-19 situation. In this respect, the company assumes that the market and business environment will continue to be strongly negatively impacted by the COVID-19 pandemic and expects a recovery in business development in the second half of 2021 at the earliest.

In addition, consolidated earnings will also be burdened in the 2021 financial year by transaction-related costs in connection with the takeover of the company by Hyundai Capital Bank Europe GmbH.

In this context, EBT for the first quarter of 2021 is expected to decline very sharply compared to the corresponding period of the previous year (Q1 2020: EUR 5.6 million) according to the Managing Board's estimates.

The complete forecast for the 2021 financial year is included in the Annual Report 2020 of Sixt Leasing SE. This can be accessed at http://ir.sixt-leasing.com/annual-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 financial year 2020, the Group generated consolidated revenue of EUR 748 million.

www.sixt-leasing.com


Contact:

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



28.04.2021 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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04/19/2021

Sixt Leasing introduces digital ordering process on sixt-neuwagen.de

DGAP-News: Sixt Leasing SE / Key word(s): Miscellaneous
19.04.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing introduces digital ordering process on sixt-neuwagen.de

Pullach, 19 April 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as a specialist in the management and full-service leasing of large fleets, has launched a completely digital ordering process on sixt-neuwagen.de. This allows private customers to order their dream car easily and conveniently online and from home. Further information on the ordering process is available at https://www.sixt-neuwagen.de/fragen-antworten/bestellprozess.

Michael Ruhl, CEO of Sixt Leasing SE: 'Our digital ordering process on sixt-neuwagen.de is fast, convenient and secure. Identification is done with the help of our partner IDnow. This means that our customers no longer have to go to the nearest post office to do this. And our online procedure also eliminates the need to print out application documents. Thereby, we are taking the customer experience to the next level and reaching another milestone in the digitalisation of the business model.'

The digital ordering process has already proven itself in a similar form as part of last year's special promotion with PAYBACK, in which the Kia Stonic 'VISION' was marketed. Now private customers can use the process on sixt-neuwagen.de on a permanent basis.

On sixt-neuwagen.de, customers have the option of configuring their new car individually or ordering an already available stock car. They can choose vehicles from around 35 brands and benefit from particularly favourable prices and optional service products.

---

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.

www.sixt-leasing.com


Press contact:

Kirchhoff Consult
sixtleasing@kirchhoff.de

 



19.04.2021 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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04/08/2021

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
08.04.2021 / 13:01
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 28, 2021
Address: http://ir.sixt-leasing.de/jahresberichte

Report Type: Annual financial report of the group

Language: German
Date of disclosure: April 28, 2021
Address: http://ir.sixt-leasing.de/jahresberichte

Language: English
Date of disclosure: April 28, 2021
Address: http://ir.sixt-leasing.com/annual-reports


08.04.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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03/24/2021

Sixt Leasing SE: Business development in 2020 in line with expectations - Forecast for 2021 published

DGAP-News: Sixt Leasing SE / Key word(s): Preliminary Results/Forecast
24.03.2021 / 08:54
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Business development in 2020 in line with expectations - Forecast for 2021 published

  • Further milestones achieved in the digitalisation of products, services and internal processes
  • Group contract portfolio and consolidated operating revenue impacted in particular by COVID-19 pandemic
  • Consolidated earnings before taxes (EBT) burdened in particular by increased risk provisioning and transaction-related costs
  • Outlook: Slight increase in Group contract portfolio, consolidated operating revenue in the range of previous year's figure and EBT in a higher single-digit million euro amount to be expected in 2021

Pullach, 24 March 2021 - Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as a specialist in the management and full-service leasing of large fleets, developed overall in line with expectations in the 2020 financial year. Business performance was particularly affected by the impact of the COVID-19 pandemic on the overall economic situation. According to preliminary calculations, the Group's contract portfolio and consolidated operating revenue declined compared to the previous year. Consolidated earnings before taxes (EBT) were very significantly below the previous year's level.

Business development
In the 2020 financial year, 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". In the Fleet Leasing business field, Sixt Leasing digitised vehicle handover and return at its locations. In addition, the company was again voted best leasing provider by the readers of AUTO BILD after 2018 and received the "Company Car Award".

The contract portfolio in the Online Retail business field fell by 12.8 per cent to 38,600 contracts in the period from the end of December 2019 to the end of December 2020, particularly burdened by a reduced number of new orders due to the economic impact of the COVID-19 pandemic as well as 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 6.6 per cent to 37,800 contracts, which was also due in particular to the pandemic. In the Fleet Management business unit, the contract portfolio increased by 3.9 per cent to 53,500 contracts. Overall, the Group's contract portfolio (excluding franchise and cooperation partners) thus decreased by 4.6 per cent to 129,900 contracts.

Consolidated revenue fell by 9.3 per cent year-on-year to EUR 747.7 million in the 2020 financial year. Consolidated operating revenue, which does not include the proceeds from vehicle sales, decreased by 9.6 per cent to EUR 423.3 million. This is mainly due to the significantly reduced vehicle utilisation as a result of the COVID-19-related contact restrictions and the associated decline in utilisation-related revenues. Sales revenues for lease returns and marketed customer vehicles in Fleet Management decreased by 8.9 per cent to EUR 324.4 million. This decline resulted on the one hand from the very strong first quarter of the previous year with a very high number of lease returns sold in the Online Retail business field and on the other hand from the restrictions on stationary motor vehicle sales, particularly during the first half of 2020, due to the COVID-19 pandemic.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) declined by 9.1 per cent to EUR 211.4 million in 2020. Consolidated earnings before taxes (EBT) fell by 68.9 per cent to EUR 9.1 million due to various special effects. As a result, the operating return on revenue (EBT/operating revenue) was 2.2 per cent (2019: 6.3 per cent). Consolidated profit decreased by 89.9 per cent to EUR 2.2 million compared to the same period in the previous year.

The lower EBT is in line with the adjusted expectations of 20 July 2020 and is due, among other things, to the volume effect in the marketing area described above, temporary sales support measures as well as increased marketing expenses at the beginning of the year. Furthermore, EBT was burdened by transaction-related costs in connection with the takeover of Sixt Leasing SE by Hyundai Capital Bank Europe GmbH (HCBE) as well as additional risk provisioning requirements for residual values amounting to a mid single-digit million euro figure. EBT adjusted for one-off and extraordinary effects from the takeover as well as risk provisioning amounted to EUR 20.8 million in the 2020 financial year.

Michael Ruhl, CEO of Sixt Leasing SE: "The digitalisation of our products, services and internal processes continues to progress. With the launch of our fleet customer app, the rebranding and realignment of our subsidiary autohaus24 and the introduction of a completely digital ordering process for private customers on sixt-neuwagen.de, we reached three further milestones in the implementation of our strategy in the first quarter of 2021. In addition, we have launched a long-term cooperation with Lidl and Vehiculum to market attractive new cars on the Internet."

Besides the further digitalisation of new car sales in the Online Retail business field, Sixt Leasing is also planning to introduce a mobility budget in the Fleet Management business unit in the 2021 financial year. This is intended to give fleet customers' employees the option - as an alternative or supplement to the company car - of using means of transport such as bus, rail, bicycle, car sharing or taxi. Another focus will be on diversifying the customer portfolio in the Fleet Leasing business field with smaller fleets and especially on service quality. In addition, the business model is to be expanded to include used car leasing.

Outlook
For the current financial year 2021, the Managing Board expects a slight increase in the Group contract portfolio compared to the previous year (2020: 129,900 contracts) and consolidated operating revenue in the range of previous year's figure (2020: EUR 423.3 million). With regard to EBT, the Managing Board expects a higher single-digit million euro amount (2020: EUR 9.1 million).

The reason for the cautious forecast for the full year 2021 is, in addition to the operating business development in the 2021 financial year to date, primarily the ongoing COVID-19 situation. In this respect, the company assumes that the market and business environment will continue to be strongly negatively impacted by the COVID-19 pandemic and expects a recovery in business development in the second half of 2021 at the earliest.

This assessment assumes that the current measures to combat the Corona pandemic will take effect in the further course of the year. These include in particular the vaccination campaign launched at the end of 2020, which of course depends significantly on the availability of suitable vaccines, and the increasing availability of rapid tests. In addition, the assessment assumes that the exit strategies from crisis mode currently being worked out by the governments at federal and state level will be successful and that the economy will pick up again from the second half of the year. Furthermore, the company assumes that the extensive financial support measures currently adopted or still to be adopted by the federal and state governments will cushion the economically negative effects on the national economies.

In addition, consolidated earnings will also be burdened in the 2021 financial year by transaction-related costs in connection with the takeover of the company by HCBE.

In this context, EBT for the first quarter of 2021 is expected to decline very sharply compared to the corresponding period of the previous year (Q1 2020: EUR 5.6 million) according to the Managing Board's estimates. This assessment takes into account the internal accounting status including February 2021 and the expected development in the current March.

---

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 2020, the Group generated consolidated revenue of EUR 748 million.

www.sixt-leasing.com


Contact:

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



24.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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03/22/2021

Sixt Leasing appoints Mr. Donglim Shin to succeed Michael Ruhl as CEO

DGAP-News: Sixt Leasing SE / Key word(s): Personnel
22.03.2021 / 10:49
The issuer is solely responsible for the content of this announcement.

Sixt Leasing appoints Mr. Donglim Shin to succeed Michael Ruhl as CEO

Pullach, 22 March 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 announced today that the current CEO Michael Ruhl will leave the company at his own request as of 30 June 2021. Effective 1 July 2021, Donglim Shin, current President and CEO of Hyundai Capital Canada, has been appointed as his successor. The appointment and the conclusion of the associated Managing Board employment contract are subject to the approval of the German Federal Financial Supervisory Authority (BaFin). Donglim Shin will join the company already on 1 April 2021 in order to ensure a seamless transition period together with Michael Ruhl.

Jochen Klöpper, Chairman of the Supervisory Board of Sixt Leasing SE: "On behalf of the Supervisory Board, we thank Michael Ruhl for his services to the company and his significant contributions to the successful development of the past years. With the appointment of Donglim Shin, we have named a strong successor to the CEO position at an early time. Donglim Shin is an excellent choice as he has long-standing, international experience in the fields of automotive finance and leasing. On behalf of the Supervisory Board and all employees, I wish him all the best and much success in his new role."

Donglim Shin, future CEO of Sixt Leasing SE: "I am honored by the confidence which is expressed through this appointment. I am looking forward to shaping the future of Sixt Leasing SE together with my fellow board member Björn Waldow and a great team. The know-how, innovation potential and successful multi-branded business model of Sixt Leasing form a strong platform for growth. After a challenging year 2020, we are fully committed on strengthening our leading market position in our German home market in all three business fields Online Retail, Fleet Leasing and Fleet Management again and driving future growth. Moreover, we will further leverage the expertise, resources and diverse business opportunities of our two shareholders as large multinational groups with complementary expertise to further strengthen our business to become the leading provider of comprehensive auto-mobility solutions in Europe."

Donglim Shin started his career at Korea Long Term Credit Bank in 1995 and held various leadership positions in the banking and automotive industry across different companies. He was appointed President and CEO of Hyundai Capital Canada in 2018 and has been successfully driving the company's business growth in auto leasing and financing over the past years.

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.

www.sixt-leasing.com


Press contact Sixt Leasing:

Stefan Vogel
+49 (0)89 74444-5169
pr@sixt-leasing.com



22.03.2021 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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03/22/2021

Sixt Leasing SE: Mr. Donglim Shin to be new Chairman of the Managing Board of Sixt Leasing SE

Sixt Leasing SE / Key word(s): Personnel
Sixt Leasing SE: Mr. Donglim Shin to be new Chairman of the Managing Board of Sixt Leasing SE

22-March-2021 / 10:48 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: Mr. Donglim Shin to be new Chairman of the Managing Board of Sixt Leasing SE

Pullach, 22 March 2021 - The Supervisory Board of Sixt Leasing SE today agreed on changes to the Managing Board of Sixt Leasing SE.

Mr. Donglim Shin is appointed as member of the Management Board and CEO of Sixt Leasing SE with effect from 1 July 2021. He has been working as CEO at Hyundai Capital Canada for the last three years and has many years of expertise in the fields of automotive financing and leasing. The appointment of Mr. Donglim Shin and the conclusion of the associated Managing Board employment contract are subject to the approval of the German Federal Financial Supervisory Authority (BaFin). The current CEO, Mr. Michael Ruhl, will withdraw from the Managing Board of Sixt Leasing SE with effect from the end of 30 June 2021 at his own request. Until the appointment takes effect, Mr. Shin in a capacity as chief representative and Mr. Ruhl will jointly manage the transitional phase.

Contact:
Stefan Vogel
Investor Relations
E-mail: ir@sixt-leasing.com
Tel: +49 89 74444 5169


 

22-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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.
Archive at www.dgap.de



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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



show this