PRESS RELEASE
Allane Mobility Group presents new growth strategy "FAST LANE 27" at the Annual General Meeting
- Expansion of the product range: e.g. Car-as-a-Service, Used Car Leasing and Corporate Mobility
- Expansion of the business model by two pillars: Captive Leasing and On-Site-Retail
- Growth through innovation, cooperation and internationalization
- Increasing the share of alternative drive systems in the fleet
- Annual General Meeting 2022 adopts all agenda items
Pullach, 01 July 2022 – The Allane Mobility Group (formerly Sixt Leasing), 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, presented its new strategy "FAST LANE 27" at this year’s Annual General Meeting. The overriding goal of the new strategic direction is to meet changing customer needs and return to profitable growth. The AGM approved all items on the agenda with a large majority.
Donglim Shin, CEO of Allane SE: "With 'FAST LANE 27' we want to generate additional added value for our customers, partners, employees, and investors and take advantage of further growth opportunities. Therefore, we have put together a comprehensive package of measures that includes new offers and services as well as the expansion of our business model. With this, we are convinced that we are laying the foundation for sustainable growth.”
Back on the fast track with "FAST LANE 27”
The new strategic direction of the Allane Mobility Group lays the foundation for becoming the leading mulit-brand provider of comprehensive mobility solutions in Europe in the long term. The focus of "FAST LANE 27" is on the strategic realignment of the business model. Among other things, the established three business pillars with Captive Leasing and On-Site Retail are to be expanded by a fourth and a fifth pillar. Captive Leasing is currently in the pilot phase. At its core is a leasing portal developed by Allane Mobility Group that allows manufacturers to market their vehicles to customers through their own dealer network. Since the third quarter of 2021, Allane Mobility Group has been testing the portal with Hyundai and Kia, which will also open up new expansion opportunities in foreign markets such as the Netherlands, Spain or Italy in the medium term. In the longer term, the company does not rule out further cooperations with other manufacturers. For On-Site Retail (autohaus24), the fifth business pillar, the Allane Mobility Group plans to further develop what is currently the largest independent used car dealer in Germany into a comprehensive mobility hub for car-related products and services. In addition to buying a car, customers will also be able to have used cars reconditioned, trade in vehicles or take out suitable insurance policies.
In addition, the Allane Mobility Group intends to further expand its offering in the existing business areas of Online Retail, Fleet Leasing and Fleet Management by taking into account trends such as car-as-a-service, used car leasing, electric mobility and modular services in the area of corporate mobility. At the same time, innovation and cooperations are also to be given greater focus.
Another important component of "FAST LANE 27" is the goal of becoming more sustainable, with Allane Mobility Group further increasing the share of alternative drive systems in its fleet and promoting green mobility solutions.
Resolutions of the 2022 Annual General Meeting
The shareholders approved all items on the agenda of this year's Annual General Meeting of Allane SE – including the changes to the Supervisory Board. Mr Norbert van den Eijnden was elected as a member of the Supervisory Board for the remainder of the current term of office of the Supervisory Board. As Ms Hyunjoo Kim and Mr Chi Whan Yoon had both resigned from their positions as previous members of the Supervisory Board with effect from the end of 31 May 2022, supplementary elections were held at this year's Annual General Meeting for two additional seats on the Supervisory Board. The shareholders of Allane SE elected Mr Su Ho Kim and Mr Hyung Seok Lee as additional members to the Supervisory Board of the company.
All information on the Annual General Meeting 2022 and the corresponding voting results are available on the Allane Mobility Group Website.
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About Allane Mobility Group:
Allane Mobility Group based in Pullach near Munich is 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. 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 2021, the Group generated consolidated revenue of EUR 740 million.
With around 92 per cent, Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., is the largest shareholder of Allane SE.
www.allane-mobility-group.com
Contact:
Allane Mobility Group
Investor Relations
+49 89 7080 610
[email protected]
01.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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