SIXT increases earnings by 71% – record revenue in the second quarter – full-year guidance confirmed
Increased fleet efficiency and revenue growth in all regions lead to strong profitability in a challenging market environment
“SIXT continues to grow – even in a challenging market environment. In the second quarter, we achieved a new record with revenue up more than 7% compared to the same quarter last year. We increased EBT by even 71%, and by more than 150% in the first half of the year. We efficiently met the strong demand for our attractive mobility solutions in all regions with only moderate fleet growth and a high premium share of 54%. This means we are offering more premium vehicles than ever before. At the same time, we were able to significantly reduce fleet holding costs. Overall, despite increasing macroeconomic uncertainty and declining visibility, we are on track to achieve our full-year targets. Based on the current business development, we confirm our guidance.”
Record revenue for a second quarter thanks to significant growth in the core business of short-term rentals
Significant improvement in earnings, primarily due to strong revenue increase and improved fleet holding costs
The increased proportion of leased vehicles has reduced EBITDA on a calculated basis, as leasing expenses are recognised above EBITDA, while depreciation and amortisation are recognised below EBITDA
Efficient and moderate fleet expansion inside the demand, with a high premium share of 54%
About SIXT
Sixt SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked, among others, through the SIXT App, which also contains the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company offers its customers experiences that inspire and exceed their expectations – through a lived culture of innovation, a consistent premium offering in terms of fleet and service, and an attractive price-performance ratio. The Group achieved consolidated earnings before taxes of EUR 335.2 million in 2024 and a significant increase in consolidated revenue to reach for the first time EUR 4.00 billion. Sixt SE has been listed on the Frankfurt Stock Exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).
