DGAP-News: Sixt SE / Key word(s): Preliminary Results 
SIXT closes 2020 with a slight profit in Europe despite Corona - total consolidated earnings within context of 
expectations given restrictions from pandemic and investments in growth market USA 
2021-03-02 / 07:37 
The issuer is solely responsible for the content of this announcement. 
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SIXT closes 2020 with a slight profit in Europe despite Corona - total consolidated earnings within context of 
expectations given restrictions from pandemic and investments in growth market USA 
  . Despite the significant drop in demand in the wake of the pandemic, SIXT achieves a small pre-tax profit (EBT) of 
    EUR 7.3 million for the Mobility segment in Europe 
  . Consolidated earnings before taxes (EBT) in line with expectations at EUR -81.5 million, substantially affected by 
    the effects of the pandemic and the high investments in the USA; Earnings after taxes, including the discontinued 
    Leasing Business Unit, slightly positive at EUR 2.0 million 
  . Corporate EBITDA, as consolidated operating result including interest result and depreciation and amortisation on 
    rental vehicles, sees SIXT clearly in the positive range at EUR 75.6 million for the Mobility segment and 
    demonstrates the strong crisis management and high adaptability of SIXT's business model 
  . Thanks to the diversified business model with its stable capacity utilisation of city offices as well as the area 
    of long-term rentals and car subscriptions, SIXT managed to keep the drop in Group revenue at -38.8% to EUR 1.53 
    billion and thus well below the average drop in international air traffic of -76% 
  . SIXT uses crisis year 2020 for internationalisation, to expand its product and market portfolio, for strategic 
    partnerships and to strengthen its management 
  . Consistent cost management successfully implemented: total cost basis massively reduced in 2020 by almost EUR 600 
    million compared with the previous year 
  . Solid financing basis currently has significantly more than EUR 2 billion in financial funds available following 
    the successful issue of a bond over EUR 300 million and a syndicated loan of EUR 750 million, which replaces the 
    hitherto unused credit line that had been granted with the participation of the state-owned Kreditanstalt für 
    Wiederaufbau (KfW); equity ratio climbs 6.0 percentage points as at the end of 2020 to a record level of 31.5% 
  . Erich Sixt will resign from the Management Board and join the Supervisory Board of Sixt SE in June 2021; 
    Supervisory Board appoints Alexander and Konstantin Sixt to succeed him as joint Chairmen of the Board and Co-CEOs 
    on the Group Management Board 
  . Erich Sixt, CEO of Sixt SE: "SIXT acted and used the crisis as an opportunity, instead of simply waiting for better 
    times." 
Pullach, 2 March 2021 - Following evaluation preliminary figures, SIXT closed 2020 with a marginally positive EBT of 
EUR 7.3 million despite the massive collapse in travel activities in Europe and at home. Given the significant 
restrictions and decreases in demand in the wake of the COVID-19 pandemic, as well as the high investments made in the 
biggest growth market USA, the Group's consolidated EBT came to EUR -81.5 million and stayed within the communicated 
corridor between EUR -70 million to EUR -95 million. After taxes and including the result from the discontinued Leasing 
Business Unit, the Group actually recognised a small profit of EUR 2.0 million. 
Corporate EBITDA, which refers to the consolidated operating result including interest result and depreciation and 
amortisation on rental vehicles, even reported a clear profit of EUR 75.6 million for the Mobility segment for 2020. 
The diversified business model with its ongoing stable capacity utilisation in the city offices as well as the area of 
long-term rentals and car subscriptions, allowed the mobility service provider to keep the drop in Group revenue at 
-38.8% to EUR 1.53 billion and thus well below the average drop in international air traffic, which collapsed by 76% 
from the previous year.^[1] 
The 2020 figures demonstrate the strong adaptability of SIXT's business model and good crisis management. The Group 
used 2020 as an opportunity and executed strategically important acquisitions, substantially strengthened its 
personnel, concluded new strategic partnerships, among others with Lyft and Google, and expanded its market position 
internationally. This means the mobility service provider is excellently equipped to switch back fully into growth mode 
once the current restrictions to international travel and tourism are gradually lifted again. 
Erich Sixt, CEO of Sixt SE: "SIXT acted, stayed true to its course and used the crisis above all as an opportunity, 
instead of simply waiting for better times. The fact that we even managed to bring in a small profit in Europe, proves 
the success of our crisis management and the adaptability of our business model even in this exceptional situation. 
Still more important though, are our investments in the future. The acquisition of the highly attractive airport 
stations in the USA lets us drive forward with our internationalisation strategy, expand our product portfolio with the 
successful launch of the car subscription offer SIXT+ and reinforce our top management with top-notch candidates. Even 
if the current situation in our industry continues to be characterised by high uncertainties, I am still cautiously 
optimistic that after the end of the contact prohibitions and travel restrictions we will return to a growth mode and 
link up again with our success story before Corona." 
Expansion in the USA proceeds 
With the acquisition of ten strategically significant airport stations, SIXT extended its position in 2020 as the 
fourth strongest vehicle rental provider in the USA. This step enables the company to rent out vehicles directly from 
the terminals of such important airports as Boston, all three New York airports, Maui, Denver, Houston, Orlando or Las 
Vegas. Taken together, the ten new airport stations clock up a market volume of around USD 3.4 billion. SIXT is now 
present at 25 of the 30 key airports in the world's biggest vehicle rental market that holds a revenue volume of over 
USD 32 billion^[2] and thereby has laid the groundwork for continued substantial growth after the end of the Corona 
crisis. 
In 2020 SIXT increased the number of stations in the USA from 65 to 100, primarily by expanding the network of downtown 
sites. The continued consolidation on the US market also offers significant further growth potential. It should develop 
into the biggest single market for SIXT. 
Car subscription service SIXT+ sees gratifying demand 
The desire for flexible and independent mobility is picking up more and more speed. In addition, many people currently 
prefer their own vehicle over public transportation systems as a safe and reliable means of transport. With the car 
subscription service 'SIXT+', which was integrated as the fourth product category into our ONE mobility platform to 
supplement 'SIXT rent' (vehicle rental), 'SIXT share' (carsharing) and 'SIXT ride' (transfer services) and that can be 
booked via the SIXT app, SIXT is providing a tailor-made product to serve this need. Current studies show that the 
flexible use of a car and offers such as carsharing and most of all car subscriptions will gain more and more in 
importance in the future and are seen as viable alternatives to the acquisition of a car, for SIXT subscription models 
offer the advantage of long-term and thus easily budgetable revenue flows. Following its successful start in June 2020, 
'SIXT+' quickly expanded abroad and is already available in Germany, France, Great Britain, the Netherlands, Austria, 
Spain, the USA, and most recently also in Switzerland. So far, well over 10,000 subscribers have already signed up, and 
according to the Trendreport of the market research institute Puls published in November 2020, SIXT is already by far 
the best-know brand for car subscription today. Almost every other person in Germany (46 percent) is familiar with SIXT 
as a car subscription provider. 
Van & Truck (V&T) as long-term growth market 
Since 1 January 2021 the Van & Truck segment has been represented on Sixt SE's Managing Board by its own department. It 
is headed by the trade and logistics expert Daniel Marasch, who was previously the member of Lidl's Managing Board 
responsible for the International Division and thus for expanding into strategically important foreign markets. SIXT 
views the Van & Truck business as an attractive long-term growth market, not least in view of the rise of online 
retailing and service providers. This growth market has seen growth in 2020, and SIXT has been continuously expanding 
its market position in recent years. The strategic objective envisages attaining a market-leading position in Europe as 
well as a relevant market share in the USA. The plan foresees extending the national and international product range 
with utility vehicles and trucks with a weight of up to 7.5 tons. The digitisation of the fleet and its integrating 
into the mobility platform ONE should continually improve the customer experience. 
Superbly equipped for the future in terms of personnel 
SIXT also used the crisis year 2020 to broaden and refresh its management basis significantly and thereby set the 
course for key strategic growth impulses. By appointing Managing Board member Daniel Marasch (43) to the new Van & 
Truck division, SIXT is demonstrating its conviction that logistic services are set to gain in importance in the long 
term and also after the end of the pandemic. In addition, Nico Gabriel (43), a long-standing SIXT manager, was 
appointed to the Managing Board as Chief Operations Officer (COO). He is responsible for the logical and consistent

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