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    SIX2   DE0007231326

SIXT SE

(SIX2)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/28 10:08:40 am
116.4 EUR   +1.57%
07/21SIXT-STAEMME : Warburg Research reiterates its Buy rating
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07/21SIXT-STAEMME : Hauck & Aufhauser gives a Buy rating
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07/20SIXT-STAEMME : Receives a Buy rating from DZ Bank
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Sixt SE: Sixt SE signs contract on the sale of its DriveNow stake to BMW Group

01/29/2018 | 06:05am EDT

DGAP-Ad-hoc: Sixt SE / Key word(s): Investment/Disposal
Sixt SE: Sixt SE signs contract on the sale of its DriveNow stake to BMW Group

29-Jan-2018 / 12:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Sixt SE signs contract on the sale of its DriveNow stake to BMW Group
 
Pullach, 29 January 2018 - Sixt SE signed an agreement with BMW Group on the sale of its entire stake in the joint venture DriveNow to BMW Group today. Currently Sixt SE and BMW Group each hold half of the shares in the car sharing provider DriveNow. The completion of the transaction requires the approval of the competent antitrust authorities. The parties expect to receive these approvals by the second quarter of 2018.

The value of all shares in the joint venture, which was established seven years ago, was rated around EUR 420 million. Accordingly, a purchase price of EUR 209 million was agreed upon for all shares that Sixt SE holds in DriveNow. With completion of this transaction Sixt SE will presumably generate an extraordinary pre-tax profit of around EUR 200 million at Group level in the current financial year 2018. Apart from this non-recurring earnings effect, the company does not expect any significant impact on Group sales or earnings from a sale of the at-equity consolidated investment.

The transaction enables Sixt SE to expand its position as a leading mobility provider independently by integrating all mobility offerings under one single roof.

Contact:
Nicole Körnig
Project Manager Investor Relations & Finance
Sixt SE
Tel.: +49 (0)89 74444-5104
Email: investorrelations@sixt.com
 

29-Jan-2018 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
Germany
Phone: +49 (0)89 74444-5104
Fax: +49 (0)89 74444-85104
E-mail: investorrelations@sixt.com
Internet: http://ir.sixt.de
ISIN: DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022
WKN: 723132
Indices: SDAX
Listed: Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

649081  29-Jan-2018 CET/CEST

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ę EQS 2018
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Financials
Sales 2021 2 067 M 2 441 M 2 441 M
Net income 2021 141 M 166 M 166 M
Net Debt 2021 1 821 M 2 150 M 2 150 M
P/E ratio 2021 38,2x
Yield 2021 0,91%
Capitalization 4 614 M 5 460 M 5 448 M
EV / Sales 2021 3,11x
EV / Sales 2022 2,48x
Nbr of Employees 6 921
Free-Float 62,3%
Chart SIXT SE
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Technical analysis trends SIXT SE
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 114,60 €
Average target price 123,38 €
Spread / Average Target 7,66%
EPS Revisions
Managers and Directors
Alexander Sixt Co-Chief Executive Officer
Konstantin Sixt Co-Chief Executive Officer
Kai Andrejewski Chief Financial Officer
Erich Sixt Chairman-Supervisory Board
Nico Gabriel Chief Operating Officer
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