DGAP-News

Sixt Leasing after first half year 2016 fully in line with plan

DGAP-News: Sixt Leasing SE / Key word(s): Half Year Results
Sixt Leasing after first half year 2016 fully in line with plan

17.08.2016 / 07:31
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Sixt Leasing after first half year 2016 fully in line with plan

- Consolidated revenue up by 7.4% to EUR 353.4 million

- Consolidated earnings before taxes (EBT) grow above average by 18.2% to
EUR 16.2 million, and even by 26.9% in Q2

- Operating return on revenue improves by 20.3% to 7.7%

- Contract portfolio grows 1.8% to 105,200 contracts compared to year end
2015

- Online Retail business field continues its dynamic development

- Significant progress made in reorganising the Group financing

- Managing Board confirms economic targets for full year 2016

Pullach, 17 August 2016 - In the first half of 2016, Sixt Leasing SE, one
of the largest non-bank, vendor-neutral full-service leasing companies in
Germany, performed fully in line with internal expectations and managed to
raise profitability still further. Consolidated earnings before taxes
(EBT), the key performance indicator for measuring business success,
climbed by 18.2% to EUR 16.2 million against the same period last year and
thereby improved substantially faster than consolidated revenue. Operating
return on revenue grew to 7.7%. At the end of June 2016 the contract
portfolio held 105,200 contracts, exceeding the level at the end of 2015 by
1.8%. Consequently, the Managing Board affirms its economic targets for
full-year 2016.

Rudolf Rizzolli, CEO of Sixt Leasing SE: "Sixt Leasing followed up on its
encouraging start to the year and recorded a good first six months. This
development was not least supported by the continued dynamic performance in
the Online Retail business field. Through another TV campaign, starting in
the third quarter, we want to sustainably increase the brand awareness of
'Sixt Neuwagen'. Moreover, by acquiring autohaus24 GmbH, we secured an
additional platform to extend our competitive lead in private and
commercial customer leasing and turn additional customer contacts into
actual contracts. For the Sixt Leasing Group the top priority for the
second half of the year will be to continue on the track of qualitative
growth, so that we can continue to improve profitability."

Key figures for H1 2016
- Consolidated revenue rose by 7.4% to EUR 353.4 million (H1 2015: EUR
329.1 million) mainly due to higher proceeds from the sale of used