Automobile rental firm Sixt loved file income and revenue within the first half of 2022, thanks primarily to an 82 % improve in gross sales in Europe.
The mobility firm’s income soared 59.four% year-on-year to €1.32bn for the primary six months of the 12 months, the best degree in Sixt’s historical past. Web revenue additionally elevated from €52.7 million in 2021 to €160.three million, a rise of greater than 200% year-on-year.
European markets, exterior of Sixt’s residence nation of Germany, have been the “major driver” of the corporate’s income, with gross sales rising by €536.four million within the January-June interval. There was development in all nations, with gross sales tripling in Italy and Germany, which additionally noticed a 32.5% year-on-year improve to €387.7 million.
Sixt emphasised that it had been capable of meet this excessive demand in all markets, regardless of the present world scarcity of latest rental autos, by investing in its personal fleet “early and with foresight”.
The corporate added that its common fleet dimension for the primary half of the 12 months was 129,400 autos, which was a 24 % improve from the identical interval in 2021.
Co-CEO Alexander Sixt mentioned: “Regardless of unprecedented geopolitical and macroeconomic challenges, Sixt achieved file income and revenue within the first six months.
“Our internationalization technique continues to bear fruit and the business efficiency is robust proof of the solidity of our firm. Ahead-looking investments within the fleet have contributed considerably to this constructive improvement.”
Sixt mentioned it anticipated excessive demand to proceed by the summer time, though it admitted there have been “appreciable uncertainties” throughout the ultimate months of the 12 months, together with “many impending macroeconomic difficulties” in Europe and the US.
The corporate forecasts pre-tax revenue for 2022 on the “excessive finish” of its earlier forecast of €380-480m.
