SIXT SE increases dividend after record year
- Annual General Meeting decides renewed increase to dividend for fiscal year 2018
- CEO Erich Sixt: “2018 was the strongest year ever in the corporate history of SIXT. In business terms, we have never been as successful as today. At the same time, we are systematically making inroads into the relevant future markets.“
Munich, 4 June 2019 – At today’s Annual General Meeting in Munich, the shareholders of SIXT SE approved a dividend payment of around EUR 101 million for fiscal year 2018. For ordinary shares a dividend of EUR 2.15 (2018: EUR 1.95) will be paid and for preference shares EUR 2.17 (2018: EUR 1.97). Discounting the one-time payment of EUR 2.05 per share for the sale of DriveNow last year, this corresponds to the highest dividend ever distributed by SIXT SE.
Outlook for the full year 2019
Strategically, SIXT plans to expand further in the USA and European markets outside of Germany. In addition, SIXT is consistently driving forward the digital interlinking of its fleet and the resulting digitisation of its business model. The integrated mobility offer of the SIXT App shall be rolled out further in Germany and Europe and new partners are to be won for the ONE mobility platform.
Previous forecast for fiscal year 2019 confirmed
At the AGM Erich Sixt confirmed the previous forecast for fiscal year 2019. Subject to the overall economic environment not worsening substantially, the Managing Board expects to see consolidated operating revenue climb significantly compared with last year and expects stable Group EBT (excluding the sale of the DriveNow stake in the previous year).
With 76.4% of the voting capital and 53.4% of the total share capital present, the shareholders approved all items on the agenda by a large majority.
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+ on the mobility platform ONE 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 the SIXT App, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2023 Sixt Group achieved consolidated pre-tax earnings of EUR 464.3 million and another significant increase in consolidated revenue to EUR 3.62 billion. Sixt SE has been listed on the Frankfurt Stock Exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).