Sixt SE : Earnings to be further hurt by lower RV in Q2, profitability to improve in H2
>Feedback from conference call: factors identified to fuel margins in H2 - The group held a conference call yesterday to comment on its Q1 results and the outlook for the coming quarters. Our takeaways:Dynamic revenue growth of 12.3%, which should continue over the coming quarters, in the back of buoyant demand and a favourable pricing environment.Q1 EBT stood at -€ 27.5m, compared with -€ 33.3m in Q1 2023, with a strong impact from revenue growth (+€ 85.2m)...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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