DGAP-News

Sixt SE: Sixt stays on growth track during Q1 2015 - Seite 2

- Leasing revenue increased 2.9% to EUR 103.6 million (Q1 2014: EUR 100.7
million). This uptake reflects the continually growing number of
contracts.

- Total consolidated revenue (including revenue from the sale of used
leasing vehicles) increased 21.4% to EUR 464.4 million (Q1 2014: EUR
382.6 million).

- Consolidated earnings before taxes (EBT), the Group's principal
earnings parameter, improved 5.5% to EUR 28.1 million (Q1 2014: EUR
26.6 million).
This figure includes expenditure for strategic growth initiatives in
Vehicle Rental. This was higher than during the corresponding quarter last
year, and was specifically related to the further extension of the rental
station network in the USA, a large-scale advertising and marketing
campaign and new stations in France as well as new foreign locations of
DriveNow, the premium carsharing joint venture operated with BMW, in London
and Vienna. Adjusted by these additional expenses EBT improved by 20.3% to
EUR 32.0 million.

Significant increase in investment
During the first quarter of 2015 Sixt substantially increased its
investment in its fleets. Over the first three months some 51,600 vehicles
were added to the rental and leasing fleet (Q1 2014: 41,700 vehicles) with
a total value of EUR 1.43 billion (Q1 2014: EUR 1.00 billion). This growth
in the number of vehicles and the investment volume reflects the increased
demand registered by both Business Units as well as the consistent focus on
premium products in the choice of vehicles Sixt offers.

Continued rock-solid equity basis
At the end of the first quarter of 2015 the Sixt Group recorded equity of
EUR 778.4 million, some EUR 36.8 million more than at the end of December
2014 (EUR 741.6 million). At 24.5% the equity ratio as of 31 March 2015
remained significantly above the targeted minimum value of 20% (31 December
2014: 26.3%).

Successful IPO of Sixt Leasing AG
In the second quarter of 2015 Sixt SE successfully listed its subsidiary
Sixt Leasing AG on the stock exchange. On 7 May 2015 the share of the
vendor-neutral service provider of fleet leasing, fleet management and
online retail solutions was traded for the first time on the regulated
market (Prime Standard) of the Frankfurt Stock Exchange. Subject to the
full exercise of the greenshoe option granted by the issuing banks, Sixt SE
will have reduced its shareholding in Sixt Leasing AG as part of the IPO