Financial News

Aug 25, 2021

Allane SE publishes half-year financial report 2021

DGAP-News: Allane SE / Key word(s): Half Year Results/Interim Report
25.08.2021 / 08:01
The issuer is solely responsible for the content of this announcement.

Allane SE publishes half-year financial report 2021

  • Business development in the first half of 2021 in line with expectations
  • Successful further digitalisation of the business model and renaming
  • Forecast for the 2021 financial year confirmed

Pullach, 25 August 2021 - Allane SE (former 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 half of 2021.

Successful further digitalisation and renaming
In the first half of 2021, Allane achieved several milestones in the digitalisation of its business model. Firstly, a new app for fleet leasing customers, an innovative analysis and reporting tool for fleet managers as well as the electronic driver's licence check for company car drivers were launched. 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.

The change of name of Sixt Leasing SE to Allane SE resolved by the Annual General Meeting on 29 June 2021 was completed on 5 August 2021. For the time being, however, the Company and its domestic and foreign subsidiaries will initially continue to operate under the familiar brand names "Sixt Leasing", "Sixt Neuwagen", "Sixt Mobility Consulting", "Autohaus24" and "Flottenmeister" vis-à-vis the market and customers. The existing business fields - Online Retail, Fleet Leasing and Fleet Management - will be continued as well. Only the Allane SE Group will operate under the newly created group name Allane Mobility Group in the future. The strategic focus remains on the digitalisation of the business model and the orientation of the organisation towards future national and international growth.

Donglim Shin, CEO of Allane SE: "With the milestones in the digitalisation of our business model in the first half of 2021 and the successful rebranding, we have laid the foundation to continue actively shaping the transformation of mobility, to take advantage of the attractive growth opportunities in this market and to make the Allane Mobility Group the leading multi-brand provider of comprehensive mobility solutions in Europe."

Business development
Business development continued to be affected in particular by the COVID-19 pandemic. The contract portfolio in the Online Retail business field decreased by 4.3 per cent to 37,000 contracts in the period from the end of December 2020 to the end of June 2021. The contract portfolio in the Fleet Leasing business field decreased by 7.1 per cent to 35,100 contracts. In the Fleet Management business unit, the contract portfolio increased by 3.1 per cent to 55,100 contracts. Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased slightly by 2.1 per cent to 127,200 contracts.

Consolidated revenue decreased by 0.8 per cent during the first half of 2021 to EUR 367.3 million compared to the same period of the previous year. This is mainly attributable to the decrease in operating revenue in the Leasing business unit. Operating revenue, which does not include the proceeds from vehicle sales, decreased by 9.3 per cent to EUR 194.2 million. A major impact on the decline in operating revenue was attributable to the third "lockdown" due to the ongoing COVID-19 pandemic, which, in contrast to the first "lockdown" in the prior-year period, lasted longer throughout the first half of 2021. This third "lockdown" resulted, among other things, in 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 half-year of 2020 due to the decline in the contract portfolio of the Leasing business unit. In contrast, sales revenue from leasing returns and marketed customer vehicles in Fleet Management increased by 10.8 per cent to EUR 173.1 million. This increase was partly due to the fact that fewer vehicles were sold in the comparable prior-year period 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) declined by 10.3 per cent during the first half of 2021 to EUR 95.7 million. Earnings before taxes (EBT) decreased by 8.3 per cent to EUR 2.6 million. The operating return on revenue (EBT/operating revenue) consequently came to 1.4 per cent (H1 2020: 1.3 per cent).

Outlook
Besides the further digitalisation of products, services, and internal processes, Allane 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. Furthermore, in the Online Retail business field the Company intends to explore business opportunities via car dealership channel in addition to its online channel by launching a dedicated leasing portal. The goal is to significantly increase the order volume in new car leasing for private customers.

The Managing Board confirms the outlook published on 24 March 2021. Accordingly, 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, but expects a recovery in business development in the second half of 2021. 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 full half-year report as of 30 June 2021 can be downloaded from http://ir.sixt-leasing.com/interim-reports.

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About Allane:

Allane 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.

Allane 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.allane.com


Contact:

Allane SE
Investor Relations
+49 89 74444 4518
[email protected]

 

About HCBE:

Hyundai Capital Bank Europe GmbH (HCBE) is the captive financial services provider of Hyundai Motor and KIA. The company is located in Frankfurt am Main. HCBE successfully passed the EU-wide standard bank approval procedure and received the German full-license from the European Central Bank in September 2016. Shareholders of the joint venture are Santander Consumer Bank AG und Hyundai Capital Services Inc.


The Allane Mobility Group in H1 2021 at a glance1

       
Revenue development
in EUR million
H1 2021
 
H1 2020
 
Change
in %
    Operating revenue 194.2 214.1 -9.3
    Sales revenue 173.1 156.2 10.8
Consolidated revenue 367.3 370.3 -0.8
    Thereof Leasing business unit 313.7 318.4 -1.5
        Thereof leasing revenue (finance rate) 102.6 109.5 -6.3
        Thereof other revenue from leasing business 65.3 80.7 -19.1
        Thereof sales revenue 145.8 128.3 13.7
    Thereof Fleet Management business unit 53.6 51.8 3.4
        Thereof fleet management revenue 26.4 23.9 10.1
        Thereof sales revenue 27.2 27.9 -2.4
       
Earnings development
in EUR million
H1 2021
 
H1 2020
 
Change
in %
Fleet expenses and cost of lease assets 234.6 233.1 0.6
Personnel expenses 24.7 21.1 17.3
Net other operating income/expense -12.2 -9.4 -30.5
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 95.7 106.7 -10.3
Depreciation and amortisation expense 89.6 98.3 -8.9
Net finance costs -3.5 -5.5 36.6
Earnings before taxes (EBT) 2.6 2.9 -8.3
    Thereof Leasing business unit 2.2 1.3 62.1
    Thereof Fleet Management business unit 0.4 1.5 -70.5
Operating return on revenue (in %)2 1.4 1.3 0.1 points
Income tax expense 0.8 1.1 -32.2
Consolidated profit 1.9 1.7 7.0
Earnings per share (in EUR) 0.09 0.08 -
       
Contract portfolio
 
30/06/21
 
31/12/20
 
Change
in %
Group contract portfolio 127,200 129,900 -2.1
    Thereof Online Retail business field 37,000 38,600 -4.3
    Thereof Fleet Leasing business field 35,100 37,800 -7.1
    Thereof Fleet Management business unit 55,100 53,500 3.1
       
Balance sheet figures
in EUR million
30/06/21
 
31/12/20
 
Change
in %
Total assets 1,256.88 1,295.55 -3.0
Lease assets 1,050.18 1,092.54 -3.9
Financial liabilities 878.11 935.89 -6.2
Equity 214.7 212.9 0.9
Equity ratio (in %)
 
17.1
 
16.4
 
0.7 points
       
Cash Flow
in EUR million
H1 2021
 
H1 2020
 
Change
in %
Gross Cash flow 77.7 97.3 -20.1
Investments in lease assets 177.3 207.5 -14.5
       

1 Rounding differences possible
2 Ratio of EBT to operating revenue



25.08.2021 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.

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Aug 05, 2021

Sixt Leasing SE is now called 'Allane SE'

DGAP-News: Allane SE / Key word(s): Miscellaneous
05.08.2021 / 17:33
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE is now called "Allane SE"

Pullach, 5 August 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, is now called "Allane SE". With today's entry of the new name in the commercial register, the change of name resolved by the Annual General Meeting on 29 June 2021 was successfully completed.

The new name "Allane" is inspired by the traffic sign "All Lanes" and is pronounced like the English word combination "a lane" [ə'leɪn]. It thus stands for the company's comprehensive one-stop-shop approach and is intended to strengthen the perception as an international supplier. At the same time, the word creation "Allane" resembles a first name, which makes the company human and approachable.

The reason for the change of name is an agreement reached in the context of the sale of Sixt SE's approximately 42 per cent majority stake in Sixt Leasing SE, which provides for a gradual separation of Sixt Leasing SE from Sixt SE. The majority shareholding of Sixt SE was acquired - together with shares of other shareholders - on 15 July 2020 by Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc. HCBE has since held around 92 per cent of all Sixt Leasing shares and is thus the company's new majority shareholder. With the acquisition of Sixt Leasing SE, HCBE intends to expand its position in the automotive finance sector by adding innovative mobility services to its product portfolio and expanding its fleet business both at the point of sale and online.

As part of the agreement with Sixt SE, Sixt Leasing SE has now changed its company name as a first step. All domestic and foreign subsidiaries containing the name component "Sixt" or "SXT" will also be renamed in August 2021. The business field brands Sixt Leasing, Sixt New Cars, Sixt Mobility Consulting, Autohaus24 and Flottenmeister will initially continue to operate under their familiar names and will in future appear under the newly created group name Allane Mobility Group. The gradual introduction of a new brand identity will take place in due course.

Donglim Shin, CEO of Allane SE: "Allane stands for what has already been the core of Sixt Leasing, namely unlimited mobility options. With the new name, we are giving our company a fresh look and at the same time continuing the proven business model of Sixt Leasing. Our goal is to become the leading multi-brand provider of comprehensive mobility solutions in Europe."

The existing business fields - Online Retail, Fleet Leasing and Fleet Management - will be continued. This also applies to the strategy: the focus remains on the digitalisation of the business model and the orientation of the organisation towards future national and international growth.

The change of name will also have no effect on existing contracts and agreements. And cooperation with customers and partners will also continue as before. Private and commercial customers can lease new vehicles at favourable rates on the online platforms sixt-neuwagen.de and autohaus24.de as usual, taking advantage of flexible term mobility for every need and budget, self-configured or in stock with completely digital processing for maximum convenience - easy, fast and fair. Corporate customers continue to receive customised solutions with proven expertise as well as B2B-oriented mobility that meets all fleet leasing requirements. They can also optimise costs and driver satisfaction with digital solutions for fleet and mobility management.

Download: Portrait of Donglim Shin (Credit: Allane SE)

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About Allane:

Allane 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.

Allane 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.


Contact:

Allane SE
Investor Relations
+49 89 74444 4518
[email protected]
 

About HCBE:

Hyundai Capital Bank Europe GmbH (HCBE) is the captive financial services provider of Hyundai Motor and KIA. The company is located in Frankfurt am Main. HCBE successfully passed the EU-wide standard bank approval procedure and received the German full-license from the European Central Bank in September 2016. Shareholders of the joint venture are Santander Consumer Bank AG und Hyundai Capital Services Inc.
 



05.08.2021 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.

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Jul 16, 2021

Álvaro Hernández to succeed Björn Waldow as member of the Managing Board of Sixt Leasing SE

DGAP-News: Sixt Leasing SE / Key word(s): Personnel
16.07.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Álvaro Hernández to succeed Björn Waldow as member of the Managing Board of Sixt Leasing SE

Pullach, 16 July 2021 - Álvaro Hernández, currently CFO of Santander Consumer Finance Benelux B.V., succeeds Björn Waldow as a member of the Managing Board of Sixt Leasing SE and assumes responsibility for Finance, Risk and IT, among other areas. Björn Waldow will leave the company at his own request in fall.

Álvaro Hernández will be appointed as member of the Managing Board in October. He will join Sixt Leasing as a general representative as early as September 1, 2021, ensuring a seamless transition together with Björn Waldow. 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).

Jochen Klöpper, Chairman of the Supervisory Board of Sixt Leasing SE: "On behalf of the Supervisory Board, I am pleased to announce Álvaro Hernández as a new member of the Managing Board of Sixt Leasing SE. He has extensive international management experience both in the finance and automotive sector. I would also like to thank Björn Waldow for his dedicated service to the company. He has played a key role in shaping Sixt Leasing SE since its IPO and has made a significant contribution to its successful development."

Álvaro Hernández began his career in 2001 at Deloitte & Touche in Spain, where he worked as an auditor for five years. In the following ten years, he was responsible for the business of FCA Bank Group in Spain and Morocco as CFO. Since 2017, he has been CFO for Santander Consumer Finance's business in the Netherlands and Belgium. In his role as member of the Managing Board of Sixt Leasing SE, he will be responsible for Accounting, Controlling, Treasury, Investor Relations, Risk Management, Audit, Legal, Compliance, Information Security and IT.

Download: Portrait Álvaro Hernández (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 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
[email protected]



16.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Jul 14, 2021

Sixt Mobility Consulting extends 'Companion' app with electronic driver's licence check 'DriversCheck'

DGAP-News: Sixt Leasing SE / Key word(s): Product Launch
14.07.2021 / 10:30
The issuer is solely responsible for the content of this announcement.

Sixt Mobility Consulting extends "Companion" app with electronic driver's licence check "DriversCheck"

  • Fast, safe and efficient driving licence check via smartphone
  • "Companion" app already with more than 16,000 users

Pullach, 14 July 2021 - Sixt Mobility Consulting GmbH (SMC), one of the leading independent fleet management providers in Europe and a wholly owned subsidiary of Sixt Leasing SE, has equipped its smartphone app "The Companion" with the leading electronic driving licence check "DriversCheck". Thus, company car drivers of fleet customers can now check their driving licence entirely on their own and in real time - anytime and anywhere. Drivers and fleet managers are automatically notified by "DriversCheck" when a check is due. And all other control processes are also recorded automatically and reliably in the background. This eliminates the need for tedious scheduling and time-consuming documentation. Fleet managers can view the data via the "DriversCheck" portal and thus always keep an eye on all checks. They also have the option of creating reports. The "DriversCheck" convinces with simple set-up and operation and meets - also in terms of security and data protection - all legal requirements for driving licence checks.

Michael Poglitsch, Managing Director of Sixt Mobility Consulting GmbH: "With the integration of the leading electronic driving licence check 'DriversCheck', we are adding another innovative feature to our powerful 'Companion' app and further advancing the digitalisation of fleet management. At the same time, we are giving company car drivers and fleet managers a fast, secure and efficient solution with which they can cost-effectively and reliably fulfil one of the most important owner obligations in fleet management. Especially in times of Corona and home office, mobile applications such as 'Companion' and 'DriversCheck' offer a great advantage."

Companies are legally obliged to regularly check the driving licences of their employees. Failure to do so can result in fines and imprisonment, among other things. With the "DriversCheck" in the "Companion" app, SMC fleet customers are supported in all matters of owner obligation. The function will initially be rolled out to customers in Germany.

Intuitive operation
In order to carry out the electronic driver's licence check with the "Companion" app, users must install the "DriversCheck" app on their smartphone. Then they open the electronic driving licence check in the "Companion" app and select the tag-checkup for German paper driving licences or the tagless checkup for German EU card driving licences. The camera function is then started so that users can capture the security features of their driving licence. During the initial check, they receive an e-mail with a request for an identity check via Videoident procedure. Users with a card driving licence scan the front and the hologram on the back of their driving licence using the camera. Those with a paper driving licence capture the verification tag, which is placed on the licence by the fleet manager during the initial check and assigned to the corresponding driver. Once the tag has been successfully recognised, users can complete the check by entering a PIN.

Useful additional functions
Drivers can also use "DriversCheck" to call up checks that have already been carried out and display the details of the type of check carried out (own check or third-party check), the name of the checker and the time stamp. In addition, they can view the driver information stored for them (user name, driving licence number and tag number) and individually adjust basic settings such as password and PIN.

"Companion" success story
The "Companion" app was launched in autumn 2019 and is now used by more than 16,000 company car drivers. The solution is used in particular by large fleet customers, such as Siemens, and is continuously being further developed. "We are proud of what we have achieved so far with the 'Companion' app", says SMC Managing Director Michael Poglitsch. "The Companion is a blueprint for digital fleet management."

JPG downloads (Credits: Sixt Mobility Consulting GmbH):

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About Sixt Mobility Consulting:

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

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

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

www.mobility-consulting.com


Press Contact:

Kirchhoff Consult
[email protected]



14.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Jun 29, 2021

Sixt Leasing SE: Annual General Meeting resolves to rename the Group 'Allane SE'

DGAP-News: Sixt Leasing SE / Key word(s): AGM/EGM
29.06.2021 / 14:39
The issuer is solely responsible for the content of this announcement.

Sixt Leasing SE: Annual General Meeting resolves to rename the Group "Allane SE"

Pullach, 29 June 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, successfully held its virtual Annual General Meeting 2021 in Pullach today. Approximately 96 per cent of the share capital was represented altogether. The shareholders adopted all the proposals from the Supervisory Board and the Managing Board by a large majority. The items on the agenda included, in particular, the change of name of Sixt Leasing SE to "Allane SE" and the appropriation of distributable profits.

Change of name to "Allane SE"
The Annual General Meeting approved the proposal to change the name of Sixt Leasing SE to "Allane SE". The change of name is a first step on the way to an independent brand identity. In the coming years, the company will initially continue to operate under the previous brand names "Sixt Leasing", "Sixt Neuwagen" and "Sixt Mobility Consulting".

Dividend for the 2020 financial year
The Annual General Meeting also approved the proposal to distribute a dividend of EUR 0.02 per share for the 2020 financial year (previous year: EUR 0.90). The resolved dividend thus takes into account the constraints and challenges of the ongoing COVID-19 situation and corresponds to a pay-out ratio of just under 20 per cent of the consolidated profit in the 2020 financial year. The previously communicated target range of 30 to 60 per cent remains valid regardless of the pay-out ratio for the last financial year.

Future growth prospects
In his last speech as the Chairman of the Managing Board of Sixt Leasing SE, Michael Ruhl explained to the Annual General Meeting the future prospects of the company under the new company name "Allane SE" and the future umbrella brand "Allane Mobility Group". Accordingly, the proven business model of Sixt Leasing SE is to be continued. The strategic focus will continue to be on the digitalisation and internationalisation of the business model. In addition, the CEO addressed the impact of the current COVID-19 situation on Sixt Leasing's business development and confirmed the forecast for the 2021 financial year. He wished his successor Donglim Shin, who will take over as CEO on 1 July 2021, good luck.

Michael Ruhl, CEO of Sixt Leasing SE: "Our new company name 'Allane' is inspired by the street sign 'All Lanes' and thus stands for unlimited mobility possibilities. With our multi-brand one-stop-shop approach, our pan-European service, our pacing digital solutions and our financially strong major shareholder HCBE, we are ideally positioned to take off into a successful future as Allane SE and become the leading multi-brand provider of comprehensive mobility solutions."

All the information about the 2021 Annual General Meeting and the voting results are available on the website http://ir.sixt-leasing.com/agm.

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About Sixt Leasing:

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

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

Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In 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
[email protected]



29.06.2021 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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Jun 21, 2021

Sixt Leasing launches innovative 'FleetIntelligence' analysis tool for fleet managers

DGAP-News: Sixt Leasing SE / Key word(s): Product Launch
21.06.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

Sixt Leasing launches innovative "FleetIntelligence" analysis tool for fleet managers

  • Maximum data transparency, improved processes and significant added value for customers thanks to state-of-the-art technology
  • High degree of customisability enables optimal adaptation to customer needs

Pullach, 21 June 2021 - Sixt Leasing, a specialist in the management and full-service leasing of large fleets, has completely redeveloped its digital analysis tool "FleetIntelligence" and introduced it for fleet customers and managers as well as for internal analyses. The new application is based on state-of-the-art (cloud) technology and thus enables fleet managers to quickly, easily and securely analyse their fleet with regard to important parameters such as inventory, costs, sustainability and damage. In this way, "FleetIntelligence" enables fleet managers to identify optimisation potential at an early stage and to initiate appropriate measures. The analysis results of "FleetIntelligence" can be visualised individually and attractively using configurable dashboards and detailed views. This provides fleet managers with maximum transparency: from an overview of the entire fleet to the individual contract or voucher.

Patrick Kischkel, Managing Director Fleet Leasing at Sixt Leasing: "With 'FleetIntelligence' we are taking fleet management to the next level and offering our customers significant added value. In addition, with the roll-out of the application in our specialist departments, we are further advancing the digitalisation of our business model - and creating the prerequisite for further cost savings and efficiency increases."

Eric Nagel, Executive Manager Data Management at Sixt Leasing: "Our new 'FleetIntelligence' makes data analysis easier than ever before and enables fleet managers to look into the darkest corners of their fleet without much effort. This saves resources in their company and, on top of that, they also gain valuable insights into their fleet."

Extensive functions
The new "FleetIntelligence" enables analyses down to the detailed level (contract, customer, vehicle) and is divided into four main modules:

  • Inventory (current inventory and orders of vehicles according to various criteria such as type, user group, infleets, current, future and overdue defleets, contracts, etc.).
  • Costs (overview of vehicle costs such as maintenance, invoices, fuel costs as well as mileage and resulting credits etc.)
  • Sustainability (fuel consumption, CO2 emissions of the fleet, vehicles by type of drive, etc.)
  • Damage (type, costs, time of occurrence, third-party or own fault, cause, open/closed damage, etc.)

Users can add further parameters to the already preset standard filters. The analysis results can be bookmarked and thus recalled at a later time. In addition, it is possible to download the results in Excel format from the application at any time for sharing the data or for further processing in the individual modules. Moreover, training videos are available to users to help them get started with the tool.

State-of-the-art technology
"FleetIntelligence" was developed based on the Sixt Leasing Group's many years of experience in fleet leasing and fleet management. The new version uses the QlikSense platform, which accesses information along the entire life cycle of a vehicle: from ordering to vehicle return and evaluation (defleeting). Data is delivered to QlikSense via the high-speed Amazon Simple Storage Service (Amazon S3) cloud storage service.

PNG-Download: "FleetIntelligence" module "Inventory" (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 financial year 2020, the Group generated consolidated revenue of EUR 748 million.

www.sixt-leasing.com


Press contact Sixt Leasing:

Kirchhoff Consult
[email protected]



21.06.2021 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.

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May 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
[email protected]



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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May 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
[email protected]


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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Apr 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
[email protected]



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



show this

Apr 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
[email protected]

 



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



show this