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Sixt:Quarterly Results/2023 Q2: Difference between revisions
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See also: [https://forum.investmentwiki.org/t/q2-2023-sixt-earnings/157 Discussions] | See also: [https://forum.investmentwiki.org/t/q2-2023-sixt-earnings/157 Discussions] | ||
== Results == | |||
* Revenue grew by 24.4% y/y to EUR 925.1 million, above analysts estimate of EUR 874 million(+17.5%) while EBT was 131.9 million euros versus analysts estimate of 130 million<ref>https://www.eqs-news.com/news/corporate/sixt-achieves-best-ever-second-quarter/1874741</ref>. | |||
* Co-CEO Alexander Sixt maintained the compay’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.” | |||
* Rental fleet grew 24.6% y/y to 166,300 . | |||
* Sixt's German revenue grew 26.9% y/y to EUR 492.1 million while North America revenue grew 21.1% to EUR 478.1 million in H1. Europe revenue increased by 20.3% to EUR 645.1 million in the same period. | |||
* Sixt said that demand continued into the start of the summer period and that prices were well above 2019 levels. | |||
* Sixt now present in 42 major U.S Airports, achieving 60% of the U.S car rental market. | |||
== Management Guidance and Analysts Estimates == | == Management Guidance and Analysts Estimates == | ||