Sixt reports record half-year results

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Sixt Group is reporting the best half-year in its history, driven by a seasonally stronger second quarter and demand for its rental and leasing solutions.

Sixt BMW

Sixt Group is reporting growth in its rental and leasing businesses.

The Group said it had seen an 11.1% increase in its operating revenue, to €1.18bn in the first six months of 2018. Demand for its vehicle rental business accounted for the majority of that figure, at €954.5m (+12.5%), while revenue from its leasing business totalled €230.3m (+5.4%).

Sixt said it had recorded growth across all of its markets, and improved profitability. The company has added 148,800 vehicles across its rental and leasing fleets in the first half of the year, versus 121,400 in the same period of 2017.

Erich Sixt, CEO of Sixt SE, said: “The highly dynamic development of the first six months again clearly exceeded the business performance of the previous year. Our position of economic strength continues to allow us to shape the mobility of the future. Because new products and services will continue to require considerable investments in software, personnel and IT systems of the future.”

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Alex Grant

Trained on Cardiff University’s renowned Postgraduate Diploma in Motor Magazine Journalism, Alex is an award-winning motoring journalist with ten years’ experience across B2B and consumer titles. A life-long car enthusiast with a fascination for new technology and future drivetrains, he joined Fleet World in April 2011, contributing across the magazine and website portfolio and editing the EV Fleet World Website.