Sixt SE : A solid business model to weather declining EV residual values
>Conference call feedback: 2023 results, electric fleet, 2024 guidance - In the conference call, management provided an update on the group’s results in 2023 and the growth outlook for 2024. Key takeaways: Sixt’s FY 2023 results were characterised by y-o-y growth of 18% in consolidated revenues, which benefited from robust demand in all segments (Germany: +23.6% y-o-y; Europe: +14.3% y-o-y; US: +18.5% y-o-y). This saw vehicle fleet growth of 22% y-o-y (to 169.1k ...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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