Sixt Profit Rises 9.3% on Car Rental Offices Abroad
Net income for Germany's largest car rental company increased to 24.8 million euros ($38.7 million), or 99 cents a share, from 22.7 million euros, or 91 cents, a year earlier.
Sixt AG, Germany's largest car-rental company, said first-quarter profit rose 9.3 percent, boosted by more branches outside its home market, Bloomberg reports.
Net income increased to 24.8 million euros ($38.7 million), or 99 cents a share, from 22.7 million euros, or 91 cents, a year earlier, the Pullach-based company recently said in a statement. Revenue rose 12 percent to 405.9 million euros, led by a 25 percent jump in sales from operations outside Germany.
Sixt opened offices in Spain and Belarus last year. With franchises, Sixt operated 1,743 rental stations as of March 31 in more than 85 markets.
Sixt rose 58 cents, or 1.8 percent, to 33.68 euros in German trading, giving the company a market value of 786 million euros.
More Rental Operations
Southwest Airlines Selects CarTrawler For Its Car Rental Booking Platform
The platform is designed to allow customers to compare and book rental vehicles more easily during the travel booking process.
Read More →
Cross-Pressures, Evolving Trends Drive 2026 Rental Car Industry
A combination of cautious economic behavior, shifts in the rental vehicle market, and technological influences are shaping car rental operator decisions.
Read More →
Government Affairs Executive Wins Leading Rental Car Industry Award
Robert Muhs started in the car rental industry with Avis Budget Group two years before the first International Car Rental Show.
Read More →
Green Motion Expands Its African Presence with Mozambique Launch
This new rental car outlet reflects the growing demand for reliable transportation and the emphasis on sustainable travel across the continent.
Read More →
RentalMatics, GeoInt Partner On Rental Car Speed Tracking Tech
Rental operators can now detect and act on speeding while vehicles are still on rent, thereby reducing fines, admin workload, vehicle wear, and safety risks.
Read More →
NextPass Expands Toll Payment Service to Highway In Toronto
Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
Read More →
Zubie, PurCo Integrate Rental Damage Detection With Telematics
The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
Read More →
U.S. Length Of Rental (LOR) Declines Slightly in Q1 2026
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
Hertz, Uber Deepen Roles In Self-Driving And Driver-Led Fleet Services
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
Why Car Rental Can No Longer Run On Workarounds
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →