Sixt Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Sixt (ETR:SIX2) Full Year 2023 Results

Key Financial Results

• Revenue: €3.89b (up 26% from FY 2022).
• Net income: €335.1m (down 13% from FY 2022).
• Profit margin: 8.6% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €7.13 (down from €8.22 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sixt Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Transportation industry in Europe.

Performance of the market in Germany.

The company's shares are up 3.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Sixt (of which 1 makes us a bit uncomfortable!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.