Sixt SE : Growth drivers identified in the medium term but caution on 2021
>Caution on 2021 - During the analysts meeting, we found management’s tone somewhat cautious on 2021, with a recovery in demand during the summer season which is set to depend on several factors (vaccination, lifting of restrictions on a number of European markets, etc.). For the current year, the group anticipates an increase in its operating revenue and underlying pre-tax profit is also expected to be up. For our part, we have lowered our 2021 operating revenue esti...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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