Sixt News

Investments
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General Sixt news section. Search for the Sixt tag in order to see all Sixt discussion topics.

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18 posts were split to a new topic: Sixt Analysts Opinions

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4 posts were merged into an existing topic: Sixt Competition

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  • Sixt acquires a single-digit stake in Blacklane, a chauffeur service provider headquartered in Berlin.

  • The stake was part of Blacklane’s financing round valued at less than 34 million euros.

  • Blacklane’s rates are 20 to 30% hire than those charged by taxi service providers.

  • Founded in 2011, Blacklane is present in 50 countries, has 20,000 drivers in its payroll and generated 200 million euros in 2022.

  • With the partnership, Sixt wants to expand more into the U.S market where Blacklane wants to grow by around 50% next year.

https://www.handelsblatt.com/unternehmen/industrie/mobilitaetsdienste-sixt-beteiligt-sich-an-blacklane/29411124.html

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  • Sixt enters into a three-year partnership with Los Angeles Lakers, one of NBA teams, in an effort to boost its brand awareness in Los Angeles.
  • During the team’s basketball events, Sixt will have branded spaces that are visible within the arena, on court and on television broadcasts.
  • Los Angeles Lakers has over 70 million global followers in its channels.
  • Sixt did not disclose the amount of money paid for the partnership.
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  • Sixt also entered into a three-year partnership deal with Chicago Bulls, one of NBA teams.
  • The company will have access to branded spaces that are visible to the arena and television audience during Chicago Bulls home games.
  • Additionally, Sixt will use Chicago bulls logo for promotion activities in the Chicago area.
  • Sixt did not disclose the amount of money put into the partnership.
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  • Tobias Seitz, Chief Marketing Officer of SIXT said before they entered into a partnership with Los Angeles Lakers and Chicago Bulls, they carried out a study into which “trust symbols” would work for Sixt in USA.
  • He said that its partnership with Los Angeles Lakers includes picking up customers at the airport using a bus that has a large Lakers logo and driving them to waiting Sixt’s fleets.
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A post was merged into an existing topic: Sixt Product and Strategy

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4 posts were merged into an existing topic: Sixt Product and Strategy

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I=4, January 15, 2024

  • Sixt was assigned a long-term issuer rating of BBB with a stable outlook by S&P Global Ratings, marking the first rating by a major credit rating agency in its corporate life.
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I=6, January 23, 2024

  • Sixt issued a 500 million euros bond, which recieved an order book exceeding 2.4 billion euros.
  • The bond which carries a BBB rating S&P has a term of 5 years and an interest rate of 3.75%, lower than 5.125% of the 4-year and 4-month unrated transaction issued in 2023.
  • Sixt said the proceeds of the bond will be used to finance a large part of the 2024 maturities and support its growth strategy.
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  • Sixt Germany adds a a three-digit number of brand-new Porsche vehicles such as the 911, Panamera and Taycan and Macan series in its fleet.
  • Sixt will also become a title sponsor of the popular Porsche Germany racing series, which will be named “Porsche SIXT Carrera Cup Deutschland” (PSCCD) which starts on the weekend of April 19-21 in Imola (Italy).
  • Sixt logo will be shown on the more than 30 Carrera Cup vehicles and other advertising spaces within the racing vicinity.
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A post was merged into an existing topic: Sixt Product and Strategy

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A post was merged into an existing topic: Sixt Valuation Model

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  • Sixt plans to issue EUR 500 million in fixed-rate senior notes that will mature in January 22, 2030.
  • The notes will have a denominations of 1,000 euros and will be listed in Luxembourg Stock Exchange.
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Sixt issues EUR 500 million corporate bond with a coupon rate of 3.25%

  • Sixt said it successfully issued a EUR 500 million corporate bond at a coupon rate of 3.25% (previous bond: 3.75%) and a term of 5 years.

  • The company said the proceeds will be used to finance further growth such as fleet expansion.

    “The strong oversubscription of the orderbook and the lowest spread in the company’s history for a bond issue demonstrate that our business model and our consistent focus on profitable growth are highly appreciated by the capital market,” CFO Dr Franz Weinberger, said.

  • Investing.com had reported about this loan last week but had not indicated the coupon rate.

https://www.eqs-news.com/news/corporate/wachstumsfinanzierung-sixt-platziert-erfolgreich-anleihe-im-volumen-von-500-mio-euro-zu-top-konditionen/2203881

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  • An institutional investor sold Sixt shares worth almost 50 million euros or just under 2% of Sixt’s ordinary shares.
  • The seller was not named.

https://www.wiwo.de/unternehmen/dienstleister/autovermieter-institutioneller-investor-platziert-sixt-aktien-fuer-rund-50-millionen-euro/30191948.html

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  • The institutional investor that liquidated 2% shares last week was DWS investment, a firm that has been vocal at shareholder meetings.
  • DWS reduced its share ownership to 2.26% from 4.52%.

https://www.eqs-news.com/news/voting-rights/dws-investment-gmbh-frankfurt-am-main-germany/d1fc39c6-6328-4b82-8c75-6c04fa661270

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