Last €28.92 EUR
Change Today -0.335 / -1.15%
Volume 68.7K
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As of 1:49 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

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06/19/14 - €32.10
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sixt se (SIX2) Details

Sixt Societas Europaea, through its subsidiaries, provides mobility services for business and corporate customers, and private travelers worldwide. Its Vehicle Rental business unit rents various utility vehicles and trucks; offers international holiday car rental services; provides mobility services for business travelers, as well as for special occasions, such as event services, airport transfers, and sightseeing trips; and offers luxury sports cars or SUVs, car sharing products, and chauffer services. The company’s Leasing business unit offers fleet management, finance leasing, full-service leasing, and mobility consulting services. The company is also involved in the sale of used cars. Sixt Societas Europaea was founded in 1912 and is headquartered in Pullach, Germany. Sixt Societas Europaea is a subsidiary of Erich Sixt Vermögensverwaltung GmbH.

Founded in 1912

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sixt se (SIX2) Key Developments

Sixt SE Announces Consolidated Earnings Results for the Second Quarter and Half Year of 2014; Provides Earnings Guidance for the Whole Year of 2014

Sixt SE announced consolidated earnings results for the second quarter and half year of 2014. For the quarter, the company reported that operating revenue increased by 9.2% to EUR 407.6 million, compared with EUR 373.3 million in the same period of 2013. Total revenue rose 7.6 % to EUR 441.2 million against EUR 410.1 million from the same period a year ago. EBT was EUR 40.8 million, some 14.9% higher than the corresponding period the year before of EUR 35.5 million. For the half year, the company reported operating revenue (excluding revenue from the sale of used leasing vehicles) rose 8.5% from EUR 700.7 million to EUR 760.2 million in the first half of 2014. Total revenue climbed by 6.0% to EUR 823.8 million against EUR 777.0 million from the same period a year ago. Earnings before taxes (EBT), rose 16.7% from EUR 57.9 million to EUR 67.5 million. The improvement in earnings is due to a friendlier economic climate in Europe, the stronger sales and marketing activities and the expansion measures in the international markets in Europe and the USA. The EBT also already includes the costs for the long-term strategic growth initiatives. Against the background of these factors and in the wake of the good business performance over the first six months, the managing board affirms its expectations for the whole of 2014. The board expects consolidated operating revenue to climb slightly over last year's total. Growth stimulus should once again come predominantly from the markets abroad, but also from within Germany. On the basis of a continued demand-driven and cautious fleet policy and tight cost management the aim is to achieve a stable to slightly increased group EBT.

Sixt and Walser Automotive Group Enter Franchise Agreement

Sixt SE and its U.S. Franchise Unit (Sixt Franchise USA LLC) announced the signing of a franchise agreement with Walser Automotive Group. Walser will open a Sixt rent a car franchise to service Minneapolis-St. Paul International Airport, as well as open additional Sixt franchise locations in the Minneapolis-St. Paul area. Car dealership owners, independent rental car operators, and entrepreneurs are great candidates for Sixt franchises. The Sixt franchise system is a proven international success, with more than 80 master franchisees operating from nearly 1,100 worldwide locations. In the U.S., Sixt is represented in twelve states, with franchisees already operating locations in eight of those states. Sixt also operates corporate branches in Los Angeles, Miami, Ft. Lauderdale, West Palm Beach, Orlando, Atlanta, Phoenix, and Seattle. Sixt is actively seeking growth-oriented franchisees in an initiative to expand its franchise network into the U.S., Canada, the Caribbean and Latin America as part of its effort to further internationalize the group's business. Sixt is Germany's leading mobility service provider with a presence in more than 100 countries worldwide. Throughout Europe and internationally, Sixt is expanding with great success. U.S. and international franchise expansion fits in with Sixt's long term strategy to cover all aspects of mobility by supplying innovative, universally useful and top-quality services.

Sixt SE Opens New Locations in Puerto Rico and Curacao

Sixt SE has opened new locations in Puerto Rico and Curacao. Sixt will be cooperating with experienced and strong franchisees on both of these islands. In Puerto Rico, Sixt opened a new rental location at San Juan airport. The high-standard fleet in Puerto Rico includes Economy and also Premium vehicles such as the new Mercedes C-Class. As American travelers are the most important customer group for tourism on the island, further locations as well as a new flag-ship location at the airport are planned for 2015. The opening in Puerto Rico is part of the expansion strategy of Sixt in North America. The Caribbean island of Curacao, customers can also use the service of the new Sixt location at the airport of the capital Willemstad. A fleet of small and midsize vehicles, SUVs and 7-seaters are available. In addition, Sixt in Curacao has opened three further locations in the city center as well as the hotel resorts Papagayo and Sunscape. In both Puerto Rico and Curacao, Sixt customers benefit from high Sixt-quality to attractive prices.


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