DGAP-News: Sixt SE / Key word(s): Quarter Results/Quarterly / Interim Statement 
Sixt SE: ???????Ongoing restrictions in response to corona burden Sixt SE's consolidated EBT in the first quarter of 
2021 - positive development in Europe and the USA in March 
2021-05-12 / 07:33 
The issuer is solely responsible for the content of this announcement. 
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Ongoing restrictions in response to corona burden Sixt SE's consolidated EBT in the first quarter of 2021 - positive 
development in Europe and the USA in March 
  . SIXT able to limit consolidated EBT to EUR -13.7 million in the first quarter of 2021 by consistently reducing its 
    cost base by EUR 136 million (-32%) despite a 32% decline in revenue due to the ongoing lockdown in Europe 
  . Positive development at the end of the first quarter: International mobility services provider already achieved 
    positive consolidated EBT again in the month of March and consolidated revenue at the previous year's level 
  . Demand picks up again, particularly in the USA, due to the progress being made with the vaccination campaign and 
    the easing of corona restrictions 
  . Positive Corporate EBITDA in the USA and Europe in the first quarter despite pandemic-related restrictions 
  . Thanks to a high equity ratio of 31.7% and financial resources well in excess of EUR 2 billion available, SIXT is 
    ideally positioned for a resurgence in demand compared to its competitors 
  . Due to high uncertainties regarding the future course of the COVID-19 pandemic, it is still not possible to 
    forecast business development for the full year 2021 
  . CEO Erich Sixt: "The positive development of the past few weeks gives us hope and clearly shows our customers' 
    desire for individual mobility. Nevertheless, it is definitely still too early to sound the all-clear." 
Pullach, 12 May 2021 - SIXT has seen its business performance brighten in recent weeks despite the current strict 
restrictions on international travel and ongoing national contact restrictions and curfews in Europe due to the 
COVID-19 pandemic. In the month of March 2021, the international mobility service provider once again managed to 
generate consolidated revenue at the previous year's level and positive consolidated earnings before taxes. This was 
primarily due to an upturn in demand in the fast-growing market in the USA, where SIXT achieved positive Corporate 
EBITDA overall in the first quarter of 2021. Capacity utilisation remains stable in all segments, not only in the USA, 
but also in the city offices and in the long-term rental and car subscription segments. Thanks to the recovery in 
demand and continued strict cost management, consolidated EBT could be limited to EUR -13.7 million in the first 
quarter. Personnel and material expenses fell by 33% compared to the same period of the previous year, and fleet costs 
were reduced by 31%. Altogether, this equates to a decrease of around EUR 136 million, or 32%, compared to the same 
quarter of the previous year. Overall, however, business performance in the period from January to March continued to 
be impacted by the tough, and in some cases even stricter, lockdown in Europe. In view of the continuing high level of 
uncertainty regarding the future course of the pandemic, the Managing Board continues to refrain from issuing a 
forecast for the full year. 
Erich Sixt, CEO of Sixt SE: "The positive development in the first quarter, which continued in the month of April, 
gives us hope for the important second and third quarters. We are seeing that once COVID-19 restrictions are relaxed, 
people have an unbridled urge to be individually mobile and travel. SIXT will benefit greatly from this with its broad 
product portfolio. The easing that has now also been announced in many European countries should have a positive impact 
on how demand develops. Despite the encouraging signals, we must remain cautious and monitor the further course of the 
pandemic closely. It is definitely too early to sound the all-clear." 
Q1 2021 - Key Group figures 
  . Consolidated revenue for the period from January to March amounted to EUR 329.9 million, 32.5% less than in the 
    first quarter of the previous year (EUR 488.5 million). Throughout the reporting period, revenue performance was 
    impacted by the ongoing severe, and in some cases even stricter, public sector restrictions in Europe and the 
    correspondingly weak international travel market. In the same period of the previous year, SIXT had still recorded 
    an increase in revenue at a high level in the months of January and February, before the onset of the corona 
    measures. 
      ? In Germany, revenue declined by 34.8% to EUR 137.0 million. 
      ? In the Europe region (excluding Germany), revenue was down 36.0% to EUR 110.6 million. There were signs of an 
        upturn in demand in some countries towards the end of the first quarter. 
      ? In the USA, revenue was 22.0% lower at EUR 82.3 million. 
  . Consolidated earnings before taxes (EBT) was limited to EUR -13.7 million thanks to the continued substantial 
    reduction in fleet, material and personnel expenses. EBT (from continuing operations) in the first quarter of 2020 
    was EUR -5.1 million. 
  . Corporate EBITDA, which reflects the operating result including interest income and depreciation on rental 
    vehicles, reached a positive value of EUR 17.1 million in the Mobility Business Unit. Positive earnings 
    contributions from the USA in particular, but also from Europe, were offset by negative Corporate EBITDA in 
    Germany. At Group level, Corporate EBITDA amounted to EUR 18.3 million. 
  . SIXT recorded a consolidated net income after taxes of EUR -10.0 million for the first quarter (Q1 2020: EUR -9.6 
    million from continuing operations). 
Continued cautious fleet policy 
SIXT has significantly reduced the size of its fleet due to the COVID-19 pandemic. In the first three months of 2021, 
SIXT added around 37,700 vehicles (Q1 2020: around 55,900 vehicles) worth a total of EUR 1.15 billion (Q1 2020: EUR 
1.72 billion) in its rental fleet across the Group. This represents a decrease in the number of vehicles by around 32% 
and in the investment volume by around 33%. The average fleet size in the first three months was 93,200 vehicles, down 
from 130,900 in the first quarter of last year (-28.8%). As demand rises in the course of the ongoing vaccination 
campaign towards the summer, the fleet can also be increased again accordingly. 
Alexander Sixt, Board member of Sixt SE: "SIXT has created all the conditions to emerge stronger from this crisis and 
to benefit from the gradual return to normal demand to a greater extent than the competition. This was made possible by 
the consistently implemented cost adjustments of EUR 136 million in fleet, material and personnel expenses compared to 
the same period of the previous year (-32%), but also by our strategic growth initiatives, such as our expansion in the 
USA, our investments in our digitalisation strategy and the launch of our car subscription offer SIXT+. Last year, SIXT 
already managed to increase its market share in Europe by around 3 percentage points despite the crisis. Through the 
syndicated loan we concluded in the first quarter and a total of over EUR 2 billion in available funds, we also have 
increased our financial flexibility to expand our business and invest in our fleet." 
Outlook for the full year 2021 
Despite initial positive signals at the end of the first quarter, there are currently still very high uncertainties 
surrounding the future course of the COVID-19 pandemic. Therefore, a reliable estimate of the extent and duration of 
the pandemic-related restrictions, in particular the restrictions on travel, is currently not possible. For this 
reason, the Managing Board is still unable to issue a forecast on how the SIXT Group's business will develop in 2021. 
Sixt SE is publishing its Group Quarterly Statement as at 31 March 2021 today on its website at http://ir.sixt.eu in 
the section entitled "Financial Publications". 
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 premium 
mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing 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 and excellent customer experience, a living 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 doubled its revenue since 2009 and generated revenues of EUR 3.31 billion in 2019 and is ranked as one of 
the most profitable mobility companies in the world. In 2020, SIXT generated consolidated revenues of EUR 1.53 billion 
despite travel and outbound restrictions due to the COVID-19 pandemic and reported a positive consolidated net income 
of EUR 2 million after cost savings of approximately EUR 600 million among others. 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 
Phone: +49 (0) 89 / 7 44 44 - 6700 
e-mail: pressrelations@sixt.com 
The SIXT Group at a glance 
(Data according to IFRS; rounding differences may occur) 
Revenue development                         Change 
in EUR million              Q1 2021 Q1 2020   in % 
Operating revenue^1           327.3   485.5  -32.6 
 
Mobility Business Unit        327.3   485.5  -32.6

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