The car rental company Sixt has left the Corona crisis behind. The profit in the first quarter was 93.5 million euros, more than twice as high as in the pre-Corona year 2019, as the company announced. Compared to 2019, sales increased by around 15 percent to almost 581 million euros. Among other things, strong international business, digitization and increased prices contributed to the growth, said CFO Kai Andrejewski to the press. He confirmed the forecast for the year as a whole and, with increasing sales, assumes a pre-tax result of 380 to 480 million euros, in 2021 it was around 442 million euros. High demand can be expected in the second and third quarters because customer demand is high after the end of the corona restrictions. At the same time, the supply of cars remains scarce, and rental car prices are likely to remain high. Sixt currently has around 125,000 vehicles on offer worldwide, around 4,000 fewer than in the year before the crisis, but a good third more than a year ago. This year, Sixt wants to increase the proportion of electric cars from ten percent at the end of 2021 to up to 18 percent, as Andrejewski said. According to Sixt, it survived a hacker attack on the computer system at the end of April largely unscathed. “We were immediately able to act again”. The attack had “no significant effect on earnings,” said the chief financial officer about the damage caused.
Rental cars – Sixt doubles quarterly profit – Economy
