on Sixt Aktiengesellschaft (ETR:SIX2)
SIXT Reports 21st Consecutive Record Quarter with Revenue Growth
SIXT SE announced a record-breaking third quarter with an 11.8% increase in revenue, reaching EUR 1.5 billion. The company raised its full-year revenue guidance to nearly EUR 4.7 billion due to stronger-than-expected business performance. Despite global economic challenges, SIXT has experienced growth in Germany, Europe, and North America, with international sales accounting for a significant portion of its expansion.
The company's success is attributed to strategic investments in its brand, technology, internationalization, branch network, and a premium vehicle fleet. SIXT's app, a fast-growing booking channel, exemplifies these advancements, enhancing customer experience through features like the SIXT Seamless Journey. The firm plans further investment in technology, reinforcing its commitment to innovation.
SIXT's earnings before taxes grew by 17% to nearly EUR 407 million despite increased investments in personnel and technology. The company remains cautious about the economic landscape but remains dedicated to optimized fleet management and customer satisfaction.
R. P.
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