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1. BUSINESS REPORT SIXT SE Group Quarterly Statement as at 31 March 2021 1.1 GENERAL DEVELOPMENTS IN THE GROUP The Sixt Group's business performance in the first quarter of 2021 continued to be severely impacted by the pandemic - related travel restrictions . While the travel restrictions in the same quarter of the previous year only affected the Sixt Group's business activities from March on , the continuing restrictions on mobility , which in some cases were even intensified due to a renewed increase in the number of infections , had a negative impact on demand for mobility services throughout the entire first quarter of 2021 , particularly in Europe . Against this backdrop , the Sixt Group recorded consolidated revenue of EUR 329.9 million in the first quarter of the current financial year , a decline of 32.5 % compared to the same period of the previous year ( Q1 2020 : EUR 488.5 million ) . At EUR 327.3 million , consolidated operating revenue was 32.6 % below the previous year ( Q1 2020 : EUR 485.5 million ) . The operating revenue generated in the segment Germany of the Mobility Business Unit fell by 35.0 % to EUR 135.2 million in the first quarter of 2021 ( Q1 2020 : EUR 208.1 million ) . At EUR 109.9 million ( Q1 2020 : EUR 171.9 million ) , the operating revenue generated in the segment Europe ( excluding Germany ) was 36.1 % lower than in the previous year . The operating revenue generated in the segment North America amounted to EUR 82.3 million ( Q1 2020 : EUR 105.5 million ) and was thus 22.0 % lower compared to the same quarter of the previous year . The comparatively better performance of the segment North America reflects the pick - up in demand enabled by the rapid progress that is being made with the vaccination campaign there and the easing of mobility and travel restrictions . Despite the significant decline in revenue due to the current harsh restrictions , especially on international travel , the burden on the Group's earnings position was limited by consistent cost management . Personnel and material costs declined by 33.0 % year - on - year to EUR 187.8 million ( Q1 2020 : EUR 280.3 million ) , and fleet costs were reduced by 31.0 % to EUR 97.6 million ( Q1 2020 : EUR 141.5 million ) . Consolidated earnings before taxes ( EBT ) amounted to EUR -13.7 million in the first quarter of 2021 ( Q1 2020 : EUR -5.1 million from continuing operations ) , while the Mobility Business Unit's EBT was EUR -13.3 million ( Q1 2020 : EUR -4.7 million ) . The operating return on revenue for the Group thus amounted to -4.2 % ( Q1 2020 : -1.1 % ) , while the operating return on revenue for the Mobility Business Unit was -4.1 % ( Q1 2020 : -1.0 % ) . Corporate EBITDA , defined as EBITDA less fleet - related depreciation , amortisation and interest of the Mobility Business Unit , amounted to EUR 18.3 million at Group level in the first quarter of 2021 ( Q1 2020 : EUR 30.3 million ) and EUR 17.1 million in the Mobility Business Unit ( Q1 2020 : EUR 28.1 million ) . Positive earnings contributions primarily from the USA ( segment North America ) , but also from the segment Europe ( excluding Germany ) , were offset by negative corporate EBITDA in Germany : The segment North America achieved Corporate EBITDA of EUR 16.5 million in the first quarter ( Q1 2020 : EUR -11.5 million ) , while the segment Europe ( excluding Germany ) reported Corporate EBITDA of EUR 5.5 million in the same period ( Q1 2020 : EUR 5.0 million ) . Corporate EBITDA for the segment Germany declined in the first quarter from EUR 34.7 million in the same quarter of the previous year to EUR -5.0 million in the current financial year . Consolidated net income after taxes amounted to EUR -10.0 million ( Q1 2020 : EUR -9.6 million from continuing operations ) . At the end of the first quarter of 2021 , Sixt had a nationwide network of 461 domestic stations , 36 of which were at airports . In the USA , Sixt was represented at nearly all major transport hubs in the country at the end of the first quarter of 2021 and had 97 stations there . The Sixt European corporate countries ( excluding Germany ) operated 437 stations , with another 1,049 stations located in Sixt franchise countries , bringing the total number of stations to 2,044 at the end of March ( Q1 2020 : 2,160 stations ) . Sixt SE \\ Group Quarterly Statements as at 31 March 2021 1