Sixt SE : Further favourable momentum in the short and medium term, Buy recommendation maintained
>2019 guidance confirmed - At the analysts’ meeting, management’s tone was confident, especially over the group’s capacity to deliver further growth in its international operations. The group confirmed its 2019 guidance based on: 1/ a solid increase in consolidated operating revenues and 2/ stable profit before tax (PBT). For our part, our estimates are broadly in line with management’s guidance with 2019 consolidated revenues expected to be up 8.6% to € 3,182m (+9% o...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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