Sixt SE : Improvement in the trend expected in H2 - Resilient business model in a tricky context
>Feedback from the conference call: a well-managed Q2 despite everything - During a conference call, Sixt’s management reviewed the group’s Q2 results as well as the outlook. Our key takeaways:Q2 sales were up 8.9%, benefiting from particularly dynamic activity in the US (+26.8% y-o-y), underpinned by the opening of 15 branches (of which 6 in airports) since the start of the year, Germany (+4.3% y-o-y) and Europe (+1% y-o-y). The group indicated that following a ...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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