Sixt experiences report quarterly revenue as restoration continues | Information

Sixt reports record quarterly profit as recovery continues


With consolidated earnings earlier than taxes of €253 million for the three months to the top of September, Sixt has reported the most effective quarterly working end in its historical past.

In comparison with the identical quarter of the earlier yr, the place the corporate recorded earnings of €66 million, this represents practically a fourfold improve.

In comparison with the third quarter of the pre-Covid-19 2019 determine, a rise of 72 per cent.

At €795 million, consolidated working income within the third quarter was 73 per cent greater than in the identical interval of the earlier yr.

It was two per cent greater than within the third quarter of 2019, when a determine of €778 million was recorded.

In attaining these vital will increase in income and earnings, Sixt has benefitted from the robust demand for mobility that continued into the autumn, significantly within the USA and European markets.

In addition to trip journey, the enterprise journey phase has additionally proven a transparent restoration, the corporate stated.

Kai Andrejewski, chief monetary officer of Sixt, stated: “Sixt is ready to profit extra from the present market state of affairs within the European and US rental trade than our opponents and thus additional enhance its market place.

“This isn’t least attributable to the truth that we additionally invested in the course of the Covid-19 disaster and thus anti-cyclically and persistently applied our internationalisation and digitalisation technique.

“The brand new stations within the USA, the automobile subscription supply SIXT+ that we efficiently rolled out internationally and the fixed enchancment of our digital processes within the curiosity of the shopper are more and more paying off within the present upturn section.”

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