Sixt has matched its forecast for 2018 with promising first quarter results.
With an increase in revenue in the first quarter of 2018 and growth throughout the business, Sixt has had a strong start to the year. Through developmental strategies, online retail business has now grown, becoming the largest field within the company. Its contract portfolio globally grew around 3.3% to 46,900 in the first quarter of 2018. The Fleet Management business unit also increased, swelling by 1.9% to 40,100 contracts by the end of March. The company overall echoed this positive start to the year, with consolidated revenue in the first quarter of 2018 increasing by 7.6% to EUR 202.0 million (£17.6 million).
CEO of Sixt Leasing Thomas Spiegelhalter has expressed the company’s delight at this positive result. He says that:
“With the development of our pioneering Online Retail business field into the Group’s largest business field, we have already achieved an important goal for the full-year 2018 in the first quarter alone.”
He also expressed Sixt’s confidence for the year ahead in all areas of the business and his hopes for further development.
“We have been able to further increase consolidated revenue and successfully continue the implementation of our strategy programme DRIVE>2021. This progress makes us confident that we will achieve our targets for the 2018 financial year and, in doing so, lay the foundation for even stronger and more profitable growth in the future.”
Sixt was founded in 1912 by the Sixt family and have over 4000 locations across the globe. It has grown from a humble fleet of three cars to over 238,700, offering quality rental cars to customers in over 105 countries.
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