Sixt: H1 2018 sales up 10.8%
(CercleFinance.com) - The Sixt Group today reports H1 2018 sales of 1.
35 billion euros, up 10.8% relative to H1 2017 (1.21 billion euros).
According to the company, this is the "best half-year of its history".
Earnings Before Tax (EBT) came in at 326.9 million euros, including a pre-tax profit of 196.1 million euros, resulting from the sale of the DriveNow joint venture to the BMW Group. After corporate tax, H1 net income reached 280.7 million euros, nearly four times the figure for the same period in 2017 (72.9 million euros).
For FY 2018, the car rental specialist anticipates a significant increase in profit (EBT) in 2018 compared to that in 2017. Regarding operating revenues, Sixt says that it still projects "significant growth" - this amounted to 2,309.3 million euros in 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
35 billion euros, up 10.8% relative to H1 2017 (1.21 billion euros).
According to the company, this is the "best half-year of its history".
Earnings Before Tax (EBT) came in at 326.9 million euros, including a pre-tax profit of 196.1 million euros, resulting from the sale of the DriveNow joint venture to the BMW Group. After corporate tax, H1 net income reached 280.7 million euros, nearly four times the figure for the same period in 2017 (72.9 million euros).
For FY 2018, the car rental specialist anticipates a significant increase in profit (EBT) in 2018 compared to that in 2017. Regarding operating revenues, Sixt says that it still projects "significant growth" - this amounted to 2,309.3 million euros in 2017.
Copyright (c) 2018 CercleFinance.com. All rights reserved.