Sixt rises after 2024 outlook

Sixt SE

01/03/2024 10:40

** Shares in Sixt  SIXG.DE  rise around 3%, reversing
earlier losses, after the German car rental company reported
in-line 2023 results and announced outlook for 2024
        ** "Sixt's solid FY23 preliminary figures are in line
with consensus estimates. We anticipate a small positive
response  from its '24 outlook," Jefferies says
  
    ** Sixt sees its 2024 EBT at 400-520 million euros and a
"significant growth" in revenue
    ** That compares with consensus expectations for a 3%
revenue growth to 3.73 bln euros and EBT at 464 mln euros, in
line at mid-point, Jefferies adds



($1 = 0.9245 euros)

 (Reporting by Paolo Laudani)
 ((Paolo.Laudani@thomsonreuters.com))