Sixt SE : Q3 results slightly above expectations– Margin under pressure due to higher cost base and interest expenses – Specified full-year targets
>Q3 EBT at € 246.9m (ODDO BHF: € 239.5m; consensus: € 244.3m) - Sixt SE just released its Q3/9M 2023 results, which were slightly above expectations, marked by: 1/ Q3 consolidated operating revenue of € 1,129m (ODDO BHF: € 1,106.8m; consensus: € 1,126.9m), up +13.2% y-o-y (after +22.3% in H1). The key influencing factors are the persistently good market price level (well above 2019 levels) and continued strong demand over the summer period in all segments with the st...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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