Sixt skilled the strongest quarter in its historical past within the third quarter, in response to the corporate. From July to September 2022, consolidated income elevated by 24.8% to €997.1 million in comparison with the identical quarter final yr. Consolidated earnings earlier than taxes (EBT) elevated to €283.1 million.

For the primary 9 months of the yr, Sixt recorded a 42.4% improve in income to €2.32 billion and a 59.5% improve in EBT to €506.3 million – in comparison with the identical interval in 2021. In comparison with 2019, this represents a rise of 21.4% in income and 94.8% in earnings. Company EBITDA elevated by 14.3% in comparison with the identical quarter in 2021, from €287.9 million to €329.1 million.

Sixt paid a particular bonus of €1,700 to its staff globally to fulfill increased prices of residing. This measure will have an effect on complete earnings within the quantity of round €15 million for monetary yr 2022, roughly €10 million of which is attributable to the third quarter.

Sixt elevated its worldwide rental fleet (excluding franchise nations) to round 136,500 autos within the first 9 months of 2022 (common stock). This implies the corporate had 13% extra autos than throughout the identical interval of final yr (120,700) and an excellent 5% greater than within the first half of 2022 (129,400). When it comes to worth, 64% of the fleet consisted of autos from manufacturers that may be assigned to the premium phase, a rise in comparison with the interval earlier than COVID.

“We’re very happy with our financial improvement,” stated Kai Andrejewski, Sixt SE’s chief monetary officer. “Sixt’s premium technique is resonating with its prospects. We now have additionally benefited from a persistently optimistic market setting by way of demand and costs. Though we’re heading for a document yr in 2022, we’re additionally monitoring the financial development very carefully and should not proof against respective dangers starting on the finish of the yr.

“Nonetheless, we now have a excessive diploma of resilience and the capability to speculate counter-cyclical in our model, the growth of our community and our know-how. Sixt is already very diversified, each geographically and by way of its merchandise, financed very solidly and continues to actively drive the digitalization of its services and products. As well as, we now have repeatedly demonstrated the adaptability of our enterprise mannequin to altering situations.”

The significance of the worldwide enterprise elevated additional within the first 9 months of 2022. It accounted for 72.1% of consolidated income, in comparison with 67.3% in the identical interval of 2021.

• Income within the European overseas markets elevated by 46.8% to €1 billion from January to September of this yr. This was pushed by the sturdy summer time enterprise within the vacationer locations of France, Spain, and Italy, after Covid restrictions on journey had largely been lifted.
• Income in North America was up 62.4% to €671.0 million within the first 9 months. The U.S. is now the biggest particular person marketplace for Sixt, with 98 rental stations in 22 states and round 1,200 staff. By increasing its operations to Canada in July, Sixt has additionally strengthened its presence in North America.
• In Germany, income reached €641.3 million within the first 9 months, a rise of twenty-two% in comparison with the identical interval in 2021.

For the monetary yr 2022, Sixt continues to count on a consolidated income between €2.8 billion and €3.1 billion and a consolidated EBT to be on the higher finish of the beforehand communicated vary of €500 million to €550 million.