Sixt (ETR:SIX2) Second Quarter 2024 Results
Key Financial Results
- Revenue: €1.08b (up 17% from 2Q 2023).
- Net income: €48.3m (down 50% from 2Q 2023).
- Profit margin: 4.5% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €1.03 (down from €2.06 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sixt Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Europe.
Performance of the market in Germany.
The company's share price is broadly unchanged 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 is significant!) 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.
About XTRA:SIX2
Sixt
Through its subsidiaries, provides mobility services through corporate and franchise station network for private and business customers worldwide.
Good value with adequate balance sheet and pays a dividend.
