DGAP-News

Sixt Leasing raises profitability still further during Q1 2016

DGAP-News: Sixt Leasing AG / Key word(s): Quarterly / Interim Statement
Sixt Leasing raises profitability still further during Q1 2016

12.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Sixt Leasing raises profitability still further during Q1 2016

- Consolidated revenue climbs 5.4% year-on-year to EUR 174.3 million

- Group EBT improves above average by 10.5% to EUR 8.1 million

- Return on operating revenue up by 13.3% to 7.8%

- Contract portfolio increases by 6.7% to 105,000 contracts

- Contract portfolio in the Online Retail business field grows almost one
third to 23,000 contracts

- Acquisition of autohaus24 strengthens growth strategy of Online
Retail

- Transfer of Group financing to external financing partners fully in
line with plan

- Managing Board confirms business targets for full year 2016

Pullach, 12 May 2016 - In Q1 2016, Sixt Leasing AG, one of the largest non-
bank, vendor-neutral full-service leasing companies in Germany, maintained
the successful business performance of last year and managed to raise its
profitability still further. Consolidated earnings before taxes (EBT), the
key parameter for measuring business success, climbed 10.5% to EUR 8.1
million and thus above the average of consolidated revenue. Return on
operating revenue consequently went up to 7.8%. At the end of March 2016
the contract portfolio held 105,000 contracts, some 6.7% more than at the
same reporting date in 2015. This development was mainly due to the growth
recorded in the Online Retail business field (private and commercial
customer leasing) which expanded by almost one third. Against this
background the Managing Board affirmed its business targets for the full
year 2016.

Dr. Rudolf Rizzolli, CEO of Sixt Leasing AG: "Sixt Leasing recorded a
successful first quarter 2016 and is fully in line with plan. The success
of the first TV ad campaign we launched for our sixt-neuwagen.de online
platform is also very encouraging. It saw the brand awareness of Sixt
Neuwagen shoot up. Given our ambitious growth plans we are examining if in
future will we continue to count on such far-reaching marketing campaigns
to secure and expand our position as first mover in online leasing for
private and commercial customers."

Key figures for the Group in Q1 2016
- Year-on-year consolidated revenue rose 5.4 % to EUR 174.3 million (Q1
2015: EUR 165.3 million), mainly through higher proceeds from the sale