Key Highlights
- First-quarter pre-tax earnings reached €2.1 million, surpassing analyst forecasts of a €1.5 million deficit
- Quarterly sales totaled €928.9 million, reflecting a 12.6% increase on a currency-adjusted basis and exceeding the €911 million forecast
- Corporate EBITDA surged 40.2% compared to the previous year, reaching €67.7 million
- Bottom line improved to €1.5 million profit versus a €12.6 million loss in the first quarter of 2025
- Management reaffirmed 2026 targets: sales between €4.45–€4.60 billion with approximately 10% pre-tax profit margin
Shares of Sixt SE (ETR: SIXG) advanced 4.93% during Wednesday trading sessions following the German mobility provider’s announcement of first-quarter financial results that surpassed market forecasts on multiple metrics.
The company delivered pre-tax earnings of €2.1 million for the January-March period. This figure exceeded consensus projections calling for a €1.5 million shortfall and marked a significant improvement from the €17.6 million deficit recorded during the comparable 2025 quarter.
Quarterly sales hit €928.9 million, representing a 12.6% climb on a currency-neutral basis while topping analyst estimates of €911 million.
The company’s net income flipped to a €1.5 million gain from the €12.6 million loss posted in Q1 2025. This reversal demonstrates improved operational efficiency and stronger market demand alongside more disciplined fleet optimization.
Corporate EBITDA climbed 40.2% on an annual comparison basis to €67.7 million, beating Wall Street projections. The vehicle fleet expanded 8.4% to reach 182,900 units, not including franchise partner vehicles.
Co-CEO Alexander Sixt attributed the performance to strategic execution: “a tight, demand-oriented fleet, sustained strong investments in premium vehicles, brand, network, and above all technology.”
Performance Across Geographies
European markets outside Germany delivered the most robust growth, with sales climbing 16.2% to €344.7 million. The German home market posted 11.5% growth, generating €271.2 million in revenue.
North American operations saw revenue decline 1.9% to €310.3 million, though currency fluctuations drove this decrease. According to Jefferies analysts, organic growth in the region actually reached 9.2%.
While foreign exchange pressures in North America warrant monitoring, the fundamental demand trends remain positive across the Atlantic.
Management Maintains Full-Year Outlook
Sixt reaffirmed its fiscal 2026 projections. Leadership anticipates revenue landing between €4.45 billion and €4.60 billion, accompanied by a pre-tax profit margin approaching 10%.
The midpoint of this revenue guidance stands at €4.525 billion, closely aligned with analyst consensus of €4.54 billion. The implied pre-tax earnings of roughly €453 million compare favorably to the consensus forecast of €446.9 million.
CFO Franz Weinberger emphasized the company’s confidence in maintaining its outlook “despite increased geopolitical and macroeconomic uncertainty.”
The first-quarter performance represents a complete turnaround from the year-ago losses. With unchanged guidance and sustained demand momentum across core markets, these results provide shareholders with greater visibility as the company approaches the peak summer travel period.
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