Sixt: Difference between revisions

On February 28 2022, Sixt said it will pay a dividend in the amount of EUR 4.11 per ordinary share, which exceeds EUR 3.37 per ordinary share estimate. The company also proposed a dividend in the amount of EUR 4.13 per preference share and a special dividend of EUR 2.00 per ordinary and preference share on the back of an EBT of 550 million euros and an EBT margin of 17.9% in 2022. For Q1 2023, the company is guiding for revenue to grow by 10 to 25% year-on-year. However, it is forecasting EBT this quarter to be between 20 million euros and 40 million euros versus 93.5 million euros in Q1 2022. This is because "at the beginning of 2022,  staffing levels and the fleet size were still at an unusually low level; hence they had a positive impact on costs." Similarly, " marketing expenses in the first quarter of 2023 will be high compared to past years as a result of the major US-campaign currently underway."  For FY2023, management forecasts revenue and EBT to exceed analysts expectations of EUR 3.0 billion and EUR 427 million, respectively "as demand approaches pre-pandemic level again, as it did in 2022 and the first weeks of 2023, but at higher prices." Notably, EBT in 2023 is expected to come in the range of EUR 430 million to EUR 550 million.