Sixt SE : Caution on 2020 linked to COVID-19 – Adjusted EPS lowered by 21% – Target price cut to € 86 (vs € 113) – Buy recommendation maintained
>No surprises expected in 2019 earnings - Sixt SE is due to release its full-year results on 25 March (initially expected on 19 March). Our estimates, which are broadly in line with the consensus, are based on: 1/ consolidated operating revenue up 12%e to € 2,910m (guidance: significant growth; consensus: € 2,968.5m), for which revenue in the mobility BU up 15% to € 2,233m (buoyed by persistently solid revenue in the international segment, +22%e); 2/ the group’s pre-...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.