16.03.2020 Sixt SE  DE0007231326

DGAP-Adhoc: Sixt SE: Sixt SE publishes outlook for financial year 2020 - Managing Board resolves proposal to suspend dividend payment and to implement further measures to limit the financial impact of the Corona crisis


DGAP-Ad-hoc: Sixt SE / Key word(s): Forecast/Dividend
Sixt SE: Sixt SE publishes outlook for financial year 2020 - Managing Board resolves proposal to suspend dividend payment and to implement further measures to limit the financial impact of the Corona crisis

16-March-2020 / 19:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Pullach, 16 March 2020 - Based on the analysis of preliminary figures, the consolidated operating revenue of Sixt SE during the past financial year 2019 is expected to amount to approximately EUR 2.95 billion and thus, as expected, significantly exceed the consolidated operating revenue for the financial year 2018 (FY 2018: EUR 2.60 billion). Based on preliminary figures, the consolidated earnings before taxes (EBT) for the financial year 2019 are expected to amount to approximately EUR 337 million and are, as expected, despite of strong investments in international expansion and digitisation of mobility services, in line with the previous year's earnings before taxes, adjusted for the sale of DriveNow, of EUR 336.7 million (FY 2018: EUR 534.6 million).

The spread of COVID-19 is having a significant impact on the tourism and mobility sector worldwide and thus also on the demand for Sixt SE's mobility services. Consequently, Sixt SE has recorded a significant decline in the number of rentals since the beginning of March and a sharp drop in reservations for the coming weeks. This negative development could intensify as the corona crisis spreads.

Sixt SE has adopted a comprehensive package of measures. In particular, the vehicle fleet is to be reduced significantly in the short term. In addition, planned investments are to be postponed and personnel and material costs are to be saved to a considerable extent. Furthermore, the Managing Board of Sixt SE has resolved to propose to the Annual General Meeting that the dividend payment, with the exception of the minimum dividend for preferred shares of EUR 0.05 per preferred share, be suspended for the financial year 2019. Despite of these countermeasures, the Sixt Group expects, based on the evaluation completed today and the current situation and not taking into account the positive effect of the sale of the stake in Sixt Leasing SE, a clearly positive consolidated EBT for the full year 2020 which will remain very strongly below the previous year's level. With regard to consolidated operating revenue, the Managing Board of Sixt SE also expects a sharp decline compared to the previous year, not taking into account the discontinued leasing business unit. The extent of the decline in consolidated operating revenue and consolidated EBT will be strongly influenced by the further course and duration of the Corona crisis and its macroeconomic effects.

The Sixt Group has a very solid equity ratio, which, according to the evaluation of preliminary figures, amounted to around 25% as of 31 December 2019 (FY 2018: 27.8%) and which will increase as a result of the sale of the interest in Sixt Leasing SE, which is expected to be completed in the second half of 2020.

As planned, Sixt SE will report in detail on the preliminary figures for the financial year 2019 and the outlook for the current year on 25 March 2020.

Note: "Consolidated operating revenue" is not a financial term according to IFRS. Information on the composition of consolidated operating revenue is available in the Sixt SE Annual Report 2018 on page 97 (available at https://ir.sixt.eu).

Nicole Schillinger
Head of Investor Relations
Sixt SE
Tel.: +49 (0)89 74444-5104
Email: [email protected]

16-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Sixt SE
Zugspitzstraße 1
82049 Pullach
Phone: +49 (0)89 74444-5104
Fax: +49 (0)89 74444-85104
E-mail: [email protected]
Internet: http://ir.sixt.com
ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024
WKN: 723132
Indices: SDAX
Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 998883

End of Announcement DGAP News Service

998883  16-March-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 2.179,26 2.412,70 2.602,73 2.929,53 3.306,50 1.532,09 2.140,00
EBITDA1,2 640,30 756,52 834,79 956,79 1.088,86 82,50 780,00
EBITDA-Marge3 29,38 31,36 32,07 32,66 32,93 5,38 36,45
EBIT1,4 221,78 255,78 325,08 373,05 379,67 -48,71 360,00
EBIT-Marge5 10,18 10,60 12,49 12,73 11,48 -3,18 16,82
Jahresüberschuss1 128,17 156,65 204,42 438,85 246,81 1,97 254,00
Netto-Marge6 5,88 6,49 7,85 14,98 7,46 0,13 11,87
Cashflow1,7 -454,05 -174,79 9,65 -346,40 -40,74 669,28 115,00
Ergebnis je Aktie8 2,39 3,00 4,09 9,07 4,97 -0,73 5,40
Dividende8 1,50 1,65 4,00 2,15 0,00 0,00 1,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

Sixt ST
WKN Kurs in € Einschätzung Börsenwert in Mio. €
723132 136,600 Kaufen 5.475,90
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
21,68 15,71 1,39 43,95
4,60 9,58 3,57 97,46
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 16.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 12.08.2021 11.11.2021 30.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
16,98% 22,27% 39,10% 80,45%
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Logistik/Verkehr , 723132 , SIX2 , XETR:SIX2