Sixt SE : 2023 results in line with expectations- Profitability in Q1 hit by EV residual values issues – FY 2024 EBT between € 400-520m (Css: € 476m)
>FY 2023 results in line with expectations (EBT at € 464m vs Css: € 468m) - Sixt SE reported preliminary FY 2023 results (which are due to be published on Monday, 4 March) which were in line expectations. In detail, we note: 1/ FY 2023 consolidated revenue came in at € 3,620m, +18% y-o-y (guidance: around € 3.6bn; ODDO BHF: € 3603m; Css: € 3,573m), o/w +17% in Q4 alone. This good performance is due to further strong demand in all segments. 2/ FY 2023 EBT came in at €...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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