Sixt SE : Announcement of new guidance for 2020
>2020 profit before tax anticipated at between -€ 70m and -€ 95m (consensus: -€ 78.5m) - Yesterday after trading, Sixt SE issued a press release in which the group announced its new guidance for 2020. The group is now looking for:Consolidated operating revenue of around € 1.5bn, -40% y-o-y (consensus: € 1,533.4m, ODDO BHF: € 1,525.7m). For Q4 alone, consolidated operating revenue is anticipated at € 329m, down 44% y-o-y (-41% estimated) impacted by the fresh lock...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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