Sixt SE to pay record dividend of EUR 188 million
- Annual General Meeting approves substantial dividend increase for the financial year 2017
- Chairman of the Managing Board Erich Sixt: “Sixt has never been better off than it is today. We are excellently positioned to continue our internationalisation.”
Munich, 21 June 2018 – At today’s Annual General Meeting in Munich, the shareholders of Sixt SE approved a dividend payment of EUR 188 million for the financial year 2017. This will far exceed the highest dividend ever paid by the international mobility service provider, more than doubling the total dividend paid in the previous year (EUR 78 million). The dividend will amount to EUR 4.00 per ordinary share and EUR 4.02 per preference share, including a bonus payment of EUR 2.05 each. The dividend will be paid on 26 June.
“Sixt has never been better off,” Erich Sixt, Chairman of the Managing Board, announced to the shareholders. He made specific reference to the successful international expansion of Germany’s largest car rental company into Western Europe and the US, the world’s largest car rental market. “We are excellently positioned to continue our internationalisation,” he added.
The next important strategic step on the agenda is to build a unique offering that combines and integrates all relevant Sixt mobility products under one roof, including carsharing, classic car rental and transfer services. The Company founded its “SIXT X” division for this purpose, which bundles all new mobility topics across departments in the Sixt Group.
Erich Sixt: “We want to offer a one-stop service that can cover mobility needs in a variety of ways and offer customers – both private and corporate – the greatest possible flexibility.”
The Chairman of the Managing Board reaffirmed the previous forecast for the financial year 2018 at the Annual General Meeting: The Managing Board expects significant increases in both Group’s operating revenue and Group’s earnings before taxes (EBT) compared with the figures from 2017.
With 73.7% of the voting capital and 48.9% of the total share capital present, the shareholders approved all items on the agenda by a large majority.
For further information:
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Sixt SE has its registered headquarters in Pullach near Munich and is a leading international provider of high-quality mobility services for business and corporate customers as well as private travelers. With representations in over 110 countries worldwide Sixt is continually expanding its presence. The Company’s strengths lie in the high proportion of premium cars in the vehicle fleet, its employees’ consistent service orientation and a good price-performance ratio. Taken together these strengths have given the Company, that was founded in 1912, an excellent market position. Sixt maintains alliances with renowned brands in the hotel industry, well-known airlines and numerous prominent service providers in the tourism sector. The Sixt Group generated revenues of EUR 2.6 billion in 2017.