Strong Q4 drives Sixt shares to 10-month high

Sixt SE

27/02/2025 09:54

** Shares in Sixt SIXG.DE rise 5%, to their highest in 10 months, after the German car rental company reported a beat on fourth-quarter revenue

** Its sales rose by 12% in October-December to 972 million euros  ($1.02 billion), beating the company consensus of 930 million euros by 5%

** "Given the underperformance of the shares so far, we expect a small positive reaction this morning," Jefferies analysts say in a note

** The analysts also note a solid travel outlook in 2025 for offers potential upgrades to guidance throughout the year

($1 = 0.9547 euros)

 (Reporting by Andrey Sychev)

 ((andrey.sychev@thomsonreuters.com))