New Autos

New Sixth: record incomes in the very first quarter of 2023

in the very first months of 2023 Extension SIX continued its course of development, reaching the greatest sales ever in the very first quarter At 695.1 million euros, combined incomes increased by 19.7% compared to the very same duration in 2015. The premium movement company has actually gained from the return of need to the high level of the pre-COVID-19 period, however likewise from a market that is still favorable and rental cars and truck costs are greater than in 2019.

The combined earnings pre-tax (EBT) of 33.3 million euros in Q1 2023 is within the formerly revealed series of 20 to 40 million euros (Q1 2022: 93.5 million euros), and financial investment that continues to grow and a greater expense base than in the very same quarter in 2015 (due to, to name a few things, timing results and unique scenarios). Usually of 4 quarters, the very first is the least factor to profits.

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By extending international supply chains and thanks to exceptional relationships with OEMs, SIXT has actually broadened its global fleet(leaving out franchise) a 149,000 cars (+19% compared to Q1 2022). This indicates that, unlike its primary rivals, SIXT had the ability to broaden its fleet once again to a level that is moreover of 2019 (+15%). The fleet is more controlled by cars from German brand names such as BMW, Audi and Mercedes-Benz than in 2019.

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