News Detail

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

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

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

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

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

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

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

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

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

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

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

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

Contact:
Sixt Leasing SE
Investor Relations
Stefan Kraus
+49 89 74444 4518
[email protected]