Q2 2023 Sixt Earnings

Investments
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  • Revenue grew by 24.4% y/y to EUR 925.1 million, above analysts estimate of EUR 874 million(+17.5%), EBT was 131.9 million euros versus analysts estimate of 130 million and rental fleet(excluding franchises) grew 24.6% y/y to 166,300.

  • Sixt Co-CEO Alexander Sixt maintained the company’s FY23 EBT outlook of EUR 430 to 550 million and said, “The current uncertain macroeconomic situation for Europe, especially for Germany, may influence the course of the second half of the year and we are therefore also cautious with regard to our fleet purchasing for 2024.”

  • Germany has been their strongest revenue segment.

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  • But segment Germany saw deterioration in EBITDA due to a mix of higher depreciation and interest costs.

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    SIXT achieves best ever second quarter | Corporate - EQS News
    Sixt:Quarterly Results/2023 Q2 - InvestmentWiki

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