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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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.
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.
Investors are encouraged to dial in approximately 10 minutes prior to the call.
Hertz will host its accompanying webcast and conference call to discuss such results May 7 at 8:30 a.m. ET.
For the full-year 2018, total revenues were $9.5 billion, an 8% increase versus 2017.
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.
Faster driving, experience, and safety were major factors that attributed to earning discrepancies between male and female Uber drivers.
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