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SIX2 — Sixt SE News Story

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Sixt jumps as Q2 results top expectations

BUZZ-Sixt jumps as Q2 results top expectations

** Shares in Sixt SIXG.DE rise nearly 5% after the German car rental company reported better-than-expected Q2 results and confirmed its FY guidance

** Sixt posted Q2 EBT of €123 million, up from €107.3 million a year earlier and beating analysts' consensus of €115.3 million cited by Jefferies

** Q2 sales grew 9.9% to €1.19 billion, compared with analysts' expectation of €1.16 billion

** "Solid Q2, beating across the board despite the difficult macro," Jefferies says

** The broker sees the company's Q2 report as another supportive print towards rebuilding investor credibility, following a solid start in Q1

** "Given the lack of a more pronounced recovery in the share price in recent months, we expect this print to be taken positively," it adds

** The stock, which has gained 6% YTD including Thursday's session, is among the best performers of Germany's small-cap index .SDAXI


(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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