DGAP-News

Sixt Leasing raises profitability still further during Q1 2016 - Seite 3

units (segments) Leasing (divided into the Fleet Leasing and Online Retail
business fields) and Fleet Management.

Leasing business unit:
The Leasing business unit's total revenue (including sales proceeds) gained
4.5% during the first quarter of 2016 to EUR 153.3 million. The operating
revenue from leasing transactions (finance leasing and services) decreased
slightly by 2.2% to EUR 95.6 million, above all as a result of lower income
from fuel services due to petrol price declines. Adjusted by fuel service
income, the quarterly operating revenue climbed by 1.4%. EBT improved by
10.5% to EUR 7.5 million.

The Online Retail business field started the year with a TV ad campaign
that triggered significantly more direct customer leads and helped the
unsupported brand awareness of Sixt Neuwagen to rise.

At the end of April 2016 Sixt Leasing acquired 100% of the shares in
autohaus24 GmbH to give it another access route to the strongly growing
online vehicle market for private and commercial customers. autohaus24.de
had previously been a joint venture held in equal shares by Sixt Ventures
GmbH and Axel Springer Auto Verlag GmbH. The company ranks as one of the
leading internet brokers for new vehicles in Germany. Through integrating
leasing and financing offers on autohaus24.de, the high brand awareness and
strong lead volume of autohaus24 can be utilised to conclude additional
leasing and financing contracts.

As at 31 March 2016 the segment's number of contracts came to 71,600, an
increase of 6.4% (31 March 2015: 67,300 contracts). The main driver of this
increase was the dynamic development of the Online Retail business field
(+31.3% to 23,000 contracts). The Fleet Leasing business field held 48,600
contracts, some 2.4% below the figure at the end of March 2015, but
slightly up on the level recorded at the end of 2015.

Fleet Management business unit:
Total revenue of the Fleet Management business unit, which is operated by
Sixt Mobility Consulting GmbH, grew in the reporting period by 13.0% to EUR
21.0 million. Receding revenue from fleet management was offset by
substantially higher sales from marketing vehicles on behalf of customers.
Earnings before taxes (EBT) improved 11.1% to EUR 0.6 million. The number
of contracts held by the segment expanded 7.5% to 33,400 contracts (31
March 2015: 31,100 contracts).

Outlook for the year 2016
Looking ahead to the full fiscal year 2016, the Managing Board projects
further growth in the contract portfolio. The Online Retail business field
is expected to keep up its dynamic development unchanged, with the number
of contracts climbing above 32,000 by the end of 2017. In the Fleet Leasing