Sixt achieves record half-year results

Sixt franchise
Sixt Rent a car

Sixt is an international car rental company famous for our straight forward vehicle rental services.

Published on

Sixt smashes even its own expectations to achieve its best ever half year result.

Sixt has announced impressive results for the first half of 2018 and is hoping to sustain the positive growth through to the end of the year. Its earnings before taxes came in at a staggering 326.9 million (just over £293 million), the highest the transport and mobility franchise has ever seen.

Sixts success came as a result of various factors, including plenty of demand for its mobility services across all 105 countries it currently operates in and the sale of its stake in Drive Now to its joint-venture partner BMW for a cool 196.1 million (around £176 million). But, even without the cash injection from this one-off event, earnings before taxes had risen 27.5% on the same period of 2017 and revenue was up by 11.1%.

The profitable franchise also added just under 150,000 vehicles to its rental and leasing fleets, increasing its already impressive fleet by around 22.6%.

CEO Erich Sixt commented on the success, saying:

Sixt is in top form. The highly dynamic development of the first six months again clearly exceeded the business performance of the previous year.

He added that the companys strong economic position would allow it to continue developing and adding to its services, due to the cost of investing in the new software, personnel and IT systems to ensure it can stay at the top of its game.

Sixt stands out brilliantly to shape the mobility of the future, he concluded.

With over 2,000 locations across the globe in major cities including London, Barcelona, Vienna, Orlando and New York, Sixts car hire service is a trusted go-to no matter where you are in the world. With its wide range of services for all occasions including weddings, holidays, long-term leasing and one-way car hire, its no wonder that Sixt is one of the most successful car hire franchises on the planet.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

What is a turnkey business?

Turnkey is becoming an increasingly prevalent word in the world of franchising. [...]


How to start a football coach business

If youve got a passion for the beautiful game and dream of making a career [...]


Planet Fitness - Can you start a franchise in the UK?

Its a brand-new year, and a popular time to start afresh and embark on a journey [...]


Subway franchise: Get your teeth into a great opportunity

With over 2,500 locations in the UK and Ireland, and more than 44,000 stores in [...]


Our Top 5 Franchise Business Ideas

Franchising had a big year in 2018, and its a trend thats continued into 2019. [...]


1 Comment

post a comment

The Comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250