Sixt SE : Q3 preview: Q3 set to mark inflection point. Consensus FY 2024 estimates at lower end of guidance range
>Q3 results to mark inflection point - Sixt is due to report its Q3/9M results before trading on 12 November. Key points: For the top line, our estimates are based on continuing robust business trends in Q3 with forecast revenues of € 1.2216bn, +8.2%e y-o-y (css: € 1.2374bn) after growth of 10.3% in H1 driven mainly by a positive volume effect, while RPDs are expected to show a slight decline or flat growth in some regions, which is fairly reassuring. Profit...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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