Sixt SE : Good set of Q3 results - 2024 EBT expected at the low and of the guidance (in line with ODDO BHF/ css estimates)
>Q3 EBT at € 246.4m (ODDO BHF: € 262.6m; Css: € 251m); margin at 19.8% - Sixt SE has just released its Q3/9M 2024 results, which were overall in line with expectations marked by: 1/ Q3 Consolidated revenue of € 1,242.3m (2% above estimates), up +10% y-o-y (after an increase of 10.3% in H1) (ODDO BHF: € 1221.6m; consensus: € 1217m), driven by still dynamic demand in all segments and solid market prices which is reassuring, especially in North America (32% of consolidat...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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