amalgamation of the branch office business with the company's digital mobility products into one integrated global 
mobility offer. In his 16 year career Mr. Gabriel has already made a material contribution to the digital 
transformation of SIXT. His joining the Managing Board coincides with the departure of Detlev Pätsch (69), who had been 
an instrumental force in the expansion of the SIXT Group since 1986, and the Managing Board member with responsibility 
for Fleet & Operations since 1993. Mr. Pätsch will retire from work effective as of 31 March this year. 
To oversee the booming digital business, SIXT managed to gain James Adams (37), the former COO of 'booking.com'. As 
Chief Commercial Officer (CCO), he will be responsible for the newly created business unit "E-Commerce & Revenue 
Management". The next stage in the expansion in North America will be overseen by Thomas C. Kennedy as new President 
and Chief Financial Officer (CFO) and Michael Meißner, acting as new President and Chief Operating Officer (COO) for 
SIXT USA. As an expert for operations and a long-standing SIXT manager, Michael Meißner, has impressively proven his 
competence in scaling international markets as he did in his role as Managing Director for Italy. Working together with 
the seasoned travel and mobility manager Thomas Kennedy, they will be responsible for the US-American market. In his 
last position, Kennedy was CFO for Hertz Global Holdings and the global hotel chain Hilton. 
Change at the Management Board will take place in the middle of the year: The longstanding CEO of SIXT SE, Erich Sixt, 
will resign from the Management Board after the company's Annual General Meeting on June 16, 2021, at the age of 76, 
and, subject to the approval of the Annual General Meeting, will join the Supervisory Board of Sixt SE, where he will 
assume the position of Chairman, provided the Supervisory Board gives its consent. Alexander and Konstantin Sixt, who 
have already been members of the Management Board since 2015, will succeed Erich Sixt on the Management Board and have 
been appointed joint Chairmen of the Board and Co-CEOs with effect from June 17, 2021. The company thus focuses on 
strategic continuity, international growth and digitalization. Friedrich Joussen, current Chairman of the Supervisory 
Board, will step down from the Supervisory Board after the Annual General Meeting in 2021. 
Effective and resolute crisis management 
With the onset of the COVID-19 crisis last spring, SIXT immediately resolved on a set of measures to adjust its cost 
structure to drastically altered market conditions: 
  . Fleet size reduction: By reducing the average number of vehicles in the Group's fleet by 25% compared with 2019, 
    SIXT was able to decrease the cost basis substantially and thereby release significant volume of liquidity. Herein 
    it was aided by existing buy-back agreements concluded with the contract partners for the majority of the fleet as 
    well as from the short holding period of the vehicles in Sixt's fleet that averages six months. 
  . Total cost basis: All in all, the cost basis saw a massive reduction of almost EUR 600 million compared with the 
    previous year. This impressively demonstrates the variability of the cost basis and thereby the adaptability of the 
    business model. 
  . Material and personnel costs: The centrally managed and rigorously implemented cost programme meant that the 
    self-defined target of an initial EUR 100 million was clearly exceeded by over EUR 300 million. 
Alexander Sixt, Board member responsible for Strategy and Organisation (CAO) of Sixt SE: "We used 2020 to react 
resolutely to the crisis, especially to ready the SIXT Group for the next growth phase. Thanks to our enormously 
flexible business model and our stringently applied measures, we were able to implement massive cost savings of almost 
EUR 600 million and thus successfully counter the crisis. This required the full commitment and loyalty of our 
workforce, to whom I wish to extend my very special gratitude. Despite the second lockdown in the fourth quarter of 
2020 we worked our way back into profit zone by the end of the year. Moreover, our solid financing basis with 
substantial free financial funds of currently significantly more than EUR 2 billion is making us superbly fit for the 
future. The new syndicated loan agreed recently of over EUR 750 million, enables us to replace and terminate the 
non-utilised credit provided under the participation of the state-owned KfW-Bank. Our equity ratio stands at a record 
level of 31.5%, having increased by 6 percentage points after the deconsolidation of the Leasing business. Along with 
the successful placement of the EUR 300 million bond in December, this gives SIXT full freedom of action on the capital 
and financing front once the restrictions to travel activities and tourism end." 
Key Group figures for fiscal 2020 according to preliminary evaluation 
Unless otherwise stated, the following key figures for the period 1 January 2020 to 31 December 2020 include the 
business activities of the Mobility business unit as well as the other continuing operations not allocated to the 
Mobility business unit. Earnings after taxes for the discontinued Leasing business unit that was sold in July 2020 are 
disclosed separately in the Income Statement according to IFRS 5. Previous years' figures have been adjusted for 
comparison purposes where necessary. 
  . Consolidated revenue came to EUR 1.53 billion and was thus 38.8% below the previous year's figure of EUR 2.50 
    billion. Domestic revenue came to EUR 687.9 million (-30.1%) and foreign revenue to EUR 844.2% (-44.4%). Demand at 
    numerous city offices rebounded during the course of the year and in parts reached pre-Corona levels again. This 
    was offset by weak business at airports, due in part to the complete shutdown of national and international air 
    traffic. 
  . Corporate EBITDA, which refers to the consolidated operating result including interest result and depreciation and 
    amortisation on rental vehicles, showed a profit of EUR 75.6 million and remained clearly in the positive range 
    (2019: EUR 414.7 million). 
  . Consolidated earnings before taxes (EBT), the key success figure for the Group, came to EUR -81.5 million and was 
    thus within the guidance of the range last communicated as between EUR -70 million and EUR -95 million (2019: EUR 
    308.2 million). To this end almost all key cost positions were lowered to substantial degree. 
  . SIXT reports pre-tax earnings from continued business operations to the amount of EUR -98.8 million (2019: EUR 
    225.3 million). 
  . The Group's annual result (before minority interests), which includes the result from the discontinued Leasing 
    business unit, achieved a positive value of EUR 2.0 million (2019: EUR 246.8 million). 
  . Fleet investments significantly reduced: In 2020 SIXT added around 175,400 vehicles to its (national and 
    international) rental fleet (2019: 250,900 vehicles) with a total value of EUR 5.48 billion (2019: EUR 7.43 
    billion). This is equivalent to a decrease of 30.1% in the number of vehicles and 26.3% in the value of vehicles. 
Outlook for full-year 2021 
In view of the ongoing worldwide restrictions to national and international private and business travel, some of which 
were tightened further at the start of 2021, SIXT's market environment continues to be in the grip of much uncertainty 
at present. It is not currently possible to foresee when demand for mobility services will display any dynamism again 
and to what extend touristic travel will be possible this year. It also remains to be seen what mid- to long-term 
effects the pandemic will have on people's travel behaviour or wider economic developments. 
SIXT Group is very well prepared in all its markets for a revitalisation of demand, given the strategic, personnel and 
financial direction taken in 2020. However, in view of the high market insecurities, the Managing Board can currently 
not issue a forecast for fiscal year 2021. 
 
About SIXT 
Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility 
services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ the company offers a uniquely integrated 
mobility service across the fields of vehicle and commercial vehicle rental, car sharing, chauffeur services and car 
subscriptions. The products can be booked through one single app, which also integrates the services of its renowned 
mobility partners. SIXT has a presence in around 110 countries around the globe. The company is characterized by 
consistent customer orientation, a lived culture of innovation with strong technological expertise, the high share of 
premium vehicles in its fleet and an attractive price-performance ratio. The SIXT Group generated revenue of EUR 3.31 
billion in 2019 and ranks as one of the most profitable mobility companies worldwide. Sixt SE is the parent company of 
the Group and has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN 
preference share: DE0007231334). 
https://about.sixt.com 
 
Press contact 
Sixt SE 
Kathrin Greven / Stefanie Seidlitz 
Sixt Central Press Office 
Tel.: +49 - (0)89 - 74444 6700 
E-mail: pressrelations@sixt.com 
The SIXT Group at a glance 
(Preliminary data according to IFRS; rounding differences may occur) 
Revenue development                         Change 
in EUR million                 2020    2019   in % 
Operating revenue           1,520.2 2,494.3  -39.1 
 
Mobility Business Unit      1,520.2 2,494.3  -39.1 
Thereof rental revenue      1,362.4 2,252.0  -39.5 
Thereof other revenue from 
rental business               157.8   242.3  -34.9 
 
Other revenue                  11.9     7.1  +66.5 
 
Consolidated revenue        1,532.1 2,501.4  -38.8 
Earnings performance                                              Change 
in EUR million                                        2020   2019   in %

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