Brief: Sixt Q1 Consolidated Revenue Up At EUR 580.8 Mln

Sixt SE

12/05/2022 06:36

May 12 (Reuters) - Sixt SE  SIXG.DE :
    * DOUBLES EARNINGS BEFORE TAXES IN FIRST QUARTER OF 2022
COMPARED
TO 2019 – MOBILITY PROVIDER BENEFITS FROM MARKET SHARE GAINS
    * FORECAST FOR FULL YEAR 2022 CONFIRMED
    * FLEET SIZE AT +35% WELL UP ON SAME QUARTER OF PREVIOUS
YEAR AND
ROUGHLY BACK TO PRE-CORONA LEVEL OF 2019, DESPITE CHIP CRISIS
    * FORECAST FOR FULL YEAR 2022 CONFIRMED
    * Q1 CONSOLIDATED REVENUE INCREASED BY 76.1% TO EUR 580.8
MILLION
AND WAS THUS EVEN AROUND 15% HIGHER THAN CORRESPONDING QUARTERLY
REVENUE IN PRE-CORONA YEAR 2019
    * ASSUMES THAT PRICE LEVEL IS DUE TO A GENERAL CATCH-UP
EFFECT IN
CAR RENTAL INDUSTRY AND THEREFORE OF A LONG-TERM NATURE
    * SUPPLY OF NEW VEHICLES IS LIKELY TO REMAIN SCARCE IN
MONTHS
AHEAD, THEREFORE PRICES ARE LIKELY TO REMAIN HIGH

Source text for Eikon:  ID:nEQb37SJka 
Further company coverage:  SIXG.DE 

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