Sixt SE : H1 2020 in line with preliminary figures – Comfortable liquidity situation
>H1 2020 results in line with preliminary figures - Sixt SE just released its detailed H1 2020 results, which were in line with preliminary figures, marked by: 1/ a 36.7% decline in H1 2020 consolidated revenue to € 717m, o/w -37.1% in operating revenue to € 711.3m, impacted by the health crisis and in particular a halt in activity in its main markets during the lockdown period. In only Q2, consolidated revenue came in at € 228.5m, -63.6% y-o-y.2/ As alrea...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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