Report
Hela Zarrouk

Sixt Leasing SE : Rise in new contracts in online retail – medium-term targets confirmed

>Rise in new contracts in online retail business in Q3 - At its conference call, management spoke about the group's performance over the first nine months of the year. In particular: 1/ at end-September 2019, the group's portfolio dropped 2% to 127.2k contracts (vs 129.7k at end-December 2018), including an 8.4% contraction in fleet leasing (additional vehicle returns due to the drop in volumes in 2018), -2.5% in online retail (additional vehicle returns from the 1&1 ...
Underlying
Sixt Leasing AG

Sixt Leasing Se. Sixt Leasing SE is a Germany-based company engaged in automobile leasing. It reports two business segments: Leasing, consisting of Fleet Leasing and Online Retail business fields, and Fleet Management. Fleet Leasing covers full-service leasing for large corporate customers, including lease financing, as well as fleet management, allowing companies with large vehicle fleets to outsource the entire management of their fleet. The offering also includes consultation and advice for vehicle selection, vehicle procurement, vehicle maintenance over the entire contract period, management of tire replacements, as well as solutions for the transparent return of vehicles. Online Retail offers leasing solutions for private and commercial customers through its online platforms sixt-neuwagen.de and autohaus24.de. The Fleet Management segment is covered by the subsidiary Sixt Mobility Consulting GmbH and manages large fleets for customers who purchased or leased their vehicles from other providers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Hela Zarrouk

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