Sixt SE : Solid fundamentals but caution in the short term - Neutral recommendation
>Gradual business recovery with disparities per market - During the analyst meeting, we found management’s tone rather confident regarding a gradual business recovery, with, however, disparities by market: management highlighted a more significant recovery in Germany (32% of group sales), while the recovery in Italy and Spain is much less marked. Management also indicated that it is expecting a better Q3 (in particular compared to Q1), with underlying earnings before ...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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