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Sixt:Quarterly Results/2023 Q3: Difference between revisions
Sixt:Quarterly Results/2023 Q3 (view source)
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Return to: [[Sixt:Quarterly Results]]| [[Earnings Season:2023 Q3]] | [[Sixt:Quarterly Results]] | Return to: [https://forum.investmentwiki.org/t/q3-2023-sixt-earnings/235 Discussions] | [[Sixt:Quarterly Results]]| [[Earnings Season:2023 Q3]] | [[Sixt:Quarterly Results]] | ||
See: [https://irpages2.equitystory.com/download/companies/sixt/Quarterly%20Reports/DE0007231326-Q3-2023-EQ-E-00.pdf 2023 Q3 Report] | |||
== Results == | |||
* Revenue in Q3 grew by 13.2% y/y to EUR 1.13 billion, in-line with analysts estimate amid strong demand, solid pricing and record fleet. | |||
* EBT was EUR 246.9 million (-12.8% y/y) versus analysts estimate of EUR 239 million (-15.6% y/y) amid rising interest and depreciation costs and strategic investments.. | |||
* In the 9 months 2023, fleet value was EUR 4.70 billion (+22.7% y/y) but Sixt said they will act with utmost discipline in their fleet planning in 2024.<blockquote>"We expect to have tight levels of fleet, which will ensure high-capacity utilisation and a sustained positive price level, " CFO Kai Andrejewski wrote<ref>https://www.eqs-news.com/news/corporate/once-more-sixt-achieves-record-revenue-whilst-reaching-over-one-billion-euros-in-a-single-quarter-for-the-first-time/1934317</ref>.</blockquote> | |||
* Sixt raised its 2023 lower EBT guidance to EUR 460 million (-16% y/y) from EUR 430 million (-21% y/y) but lowered the upper guidance to EUR 500 million (-9% y/y) from EUR 550 million (flat growth y/y). | |||
* Germany was their strong revenue and EBITDA growth segment. | |||
== Management Guidance and Analysts Estimate == | == Management Guidance and Analysts Estimate == | ||