Sixt: heads towards record year

(CercleFinance.com) - German car rental company Sixt said on Wednesday that it was heading towards another record year, thanks to double-digit percentage sales growth over the first nine months of the year.


The mobility group said consolidated operating revenue rose by 14% to 2.2 billion euros in the period from January to September, notably helped by its digitisation strategy.

Earnings before net finance costs, taxes, depreciation and amortisation (EBITDA) rose by 16.4% to 837 million euros, it added.

In a statement, Sixt also confirmed its previous forecast for fiscal year 2019, expecting to see operating revenue to climb "substantially" compared to 2018, with stable pre-tax earnings, discounting the sale of its stake in DriveNow last year.

Sixt shares were down 1% at 93.3 euros in Frankfurt after these results.

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