Known for its ad campaigns in Europe, Sixt for the first time commits to a national ad spend for the U.S. market.
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.
The loss will cost Icahn an estimated $1.6 billion.
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.
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