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Known for its ad campaigns in Europe, Sixt for the first time commits to a national ad spend for the U.S. market.
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For the financial year 2021, Sixt’s corporate EBITDA increased to €579.9 million and its consolidated earnings before taxes (EBT) reached €442.2 million, an increase of 43.4% from 2019.
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Avis Budget Group was able to pivot to meet rapidly changing conditions last year. Can Avis and the rest of the industry manage what’s ahead in 2022?
Read More →Sixt is raising its earnings forecast for 2021 to between €390 million and €450 million, beating the company’s record annual result of €308 million in 2019.
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Though overall revenues for the quarter were underwater by about 20% compared to the same period in 2019, Sixt posted a 6.3% earnings increase. While Sixt issued full-year forecast, it cautioned that uncertainty remains especially for the fourth quarter.
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Investors are encouraged to dial in approximately 10 minutes prior to the call.
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Hertz will host its accompanying webcast and conference call to discuss such results May 7 at 8:30 a.m. ET.
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For the full-year 2018, total revenues were $9.5 billion, an 8% increase versus 2017.
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The Group’s leisure business, responsible for 56% of Group rental revenue in the first half of 2018, but also the Group’s corporate business, acted as a dual growth engine for the Group and its major business units.
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