SIXT Achieves Record Revenue in the Second Quarter: Over EUR 1 Billion and Strong Operating Performance Lead to Distinct Positive Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: Businesswire
Record Revenue Growth: SIXT achieved a record revenue of EUR 1.01 billion in Q2 2024, marking an 8.9% increase from the previous year, with North America contributing significantly to this growth through the opening of new branches and improved fleet utilization.
Earnings and Future Outlook: Despite challenges such as high interest rates and declining residual values, SIXT reported a return to profitability with earnings before taxes (EBT) of EUR 62.9 million in Q2, and anticipates continued demand for its services, projecting full-year EBT between EUR 340 and 390 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
