DGAP-News

Sixt Leasing affirms outlook for full-year 2017 following strong growth in Q1

DGAP-News: Sixt Leasing SE / Key word(s): Quarter Results Sixt Leasing affirms outlook for full-year 2017 following strong growth in Q1 10.05.2017 / 07:30 The issuer is solely responsible for the content of this announcement. Sixt Leasing affirms outlook for full-year 2017 following strong growth in Q1

• Positive outlook: Managing Board expects dynamic revenue and earnings growth to continue in fiscal year 2017
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• Growth driver Online Retail: Business field for online sales of new vehicles gains around 58 percent year-on-year in Q1 2017 to further increase contract portfolio
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• Milestone in Group financing: Successful placement of bond with volume of EUR 250 million and coupon of 1.125 percent
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Pullach, 10 May 2017 - Sixt Leasing SE, market leader in online sales of new vehicles as well as specialist in management and full-service leasing of large fleets, affirms its outlook for the full fiscal year 2017 thanks to its Online Retail business field's persistently strong growth in Q1. The Managing Board still expects an increase of earnings before taxes (EBT) in the high single-digit percentage range and a slight increase of operating revenue. Moreover, the Managing Board maintains its outlook for the equity ratio, which once again is set to exceed the targeted minimum level of 14 percent.

Rudolf Rizzolli, CEO of Sixt Leasing SE: "As planned, our Online Retail business field continues to mature step by step into the Group's largest business field. Growing almost

60 percent year-on-year we have started very well into the new year and underpinned once again that the future of new vehicle sales is digital."

From the end of December 2016 to end of March 2017 the Online Retail business field grew its contract portfolio by 32.3 percent to 36,300 contracts. This was above all due to the successful launch of the "flat rate for the road", a joint initiative of 1&1, Peugeot and Sixt Leasing to offer the usage of a fully-equipped Peugeot 208 including transfer, registration, taxes and insurance from 99.99 euros (incl. VAT) per month. Strong demand for this innovative leasing offer has prompted the Managing Board to upgrade its outlook for the Online Retail business field's contract portfolio from 36,000 to significantly more than 40,000 contracts by the end of the year 2017.