Sixt SE : A Q2 2020 expected to be down sharply – Extension of stations network in the US
>Preview of Q2 2020 results and downward revision to our FY 2020 estimates - Sixt SE is due to report its Q2 2020 results on 13 August. Unsurprisingly, Q2 (which includes at least two months of lockdown in the group’s main markets) will be the most catastrophic quarter ever recorded by the group. Note that Sixt SE generates 33% of its sales in Germany, 20% in the US, 12% in France, 11% in Spain, 7% in the UK and 3% in Italy, according to our estimates. For Q2 2020, ou...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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