Sixt SE : Confidence in continued positive momentum driven by international activities. Buy maintained – target price adjusted to € 121
>Feedback from road show in Paris – confidence renewed - At the road show organised in Paris with Sixt SE’s management (CFO- IR), we reviewed the latest sales trends and short- to medium-term opportunities. Overall, management is confident in the group’s capacity to extend the dynamic growth trend thanks to the continued ramp-up of the international rental activity, and to maintain a high level of margin.Considerable growth potential in the US (~19%e of r...Sixt is a parent company that acts as the holding company. Through its subsidiary, Co. is an international provider of mobility services. With its Vehicle Rental and Leasing Business Units Co. provides its customers tailor-made products that provide mobility of a few minutes to several years. In the Vehicle Rental Business Unit Co. has a network of stations with an almost worldwide presence through its own rental offices as well as through cooperation with franchisees and cooperation partners. Through its Leasing Business Unit Co. is a non-bank, vendor-neutral leasing companies. In addition, Co.'s franchisees and cooperation partners provides lease financing and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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