Sixt SE : Efforts to manage residual value are continuing
>Conference call feedback: Q3 2024 results, management of residual value - During a conference call, Sixt’s management issued an update on the group’s Q3 results as well as the growth outlook. Our key takeaways:Revenues in Q3 were up 10%, benefiting from brisk demand during the summer season (Germany: +7%; Europe: +5%; US: +21%). In parallel, the group successfully grew its fleet, +9% (but at a lower level than its revenue growth) leading to an improvement in the...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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