Sixt SE : Successful crisis management, recovery expected in H2 2021
>Successful crisis management, liquidity preserved - Sixt has demonstrated strong capacity to withstand plummeting demand amid an unprecedented crisis, adopting an adapted strategy and taking the necessary measures to preserve its liquidity. With 9m revenue down 38%, pre-tax profit stood at -€ 56.9m (of which positive pre-tax profit in Q3 at € 66m, marking a good performance). Our key takeaways from the first nine months of the year are as follows:A sharp reduc...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.