Key Highlights
- Sixt SE delivered Q1 pre-tax earnings of €2.1 million, surpassing analyst expectations of a €1.5 million deficit
- Quarterly revenue reached €928.9 million, marking a 12.6% increase on a currency-adjusted basis and exceeding the €911 million forecast
- Corporate EBITDA surged 40.2% compared to the prior year, reaching €67.7 million
- The company returned to profitability with net income of €1.5 million, reversing a €12.6 million loss from Q1 2025
- Management reaffirmed 2026 outlook: revenue target of €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 company’s announcement of first-quarter financial results that exceeded market projections on multiple metrics.
The company reported pre-tax earnings of €2.1 million for the first quarter. This performance significantly outpaced the consensus analyst forecast calling for a €1.5 million deficit and marked a substantial improvement from the €17.6 million loss recorded during the corresponding quarter of the previous year.
Quarterly revenue totaled €928.9 million, representing a 12.6% uptick when adjusted for currency fluctuations and surpassing the Street’s €911 million projection.
The bottom line showed net income of €1.5 million, a notable reversal from the €12.6 million loss reported in the first quarter of 2025. This positive shift demonstrates improved operational efficiency combined with healthier customer demand and more strategic fleet allocation.
Corporate EBITDA climbed 40.2% on a year-over-year basis to reach €67.7 million, another metric that came in above Wall Street forecasts. The company’s fleet expanded 8.4% to 182,900 vehicles, with franchise operations excluded from this count.
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 Key Markets
European markets outside Germany delivered the most robust growth trajectory, with revenue climbing 16.2% to €344.7 million. The domestic German market posted solid growth of 11.5%, bringing revenue to €271.2 million.
North American operations recorded revenue of €310.3 million, reflecting a 1.9% decline on a reported basis. However, this decrease stemmed entirely from currency translation effects. According to analysis from Jefferies, the region actually expanded 9.2% when measured on a constant-currency basis.
While currency headwinds in the North American market warrant monitoring, the fundamental demand trends across the region appear robust.
Full-Year Outlook Maintained
Management left its full-year 2026 financial targets unchanged. Sixt continues to project revenue falling between €4.45 billion and €4.60 billion, accompanied by a pre-tax profit margin “in the area” of 10%.
The midpoint of this revenue guidance stands at €4.525 billion, closely aligned with the consensus analyst estimate of €4.54 billion. The implied pre-tax earnings of approximately €453 million compare favorably with the Street consensus of €446.9 million.
CFO Franz Weinberger emphasized the company’s confidence in maintaining guidance “despite increased geopolitical and macroeconomic uncertainty.”
The first-quarter performance represents a complete turnaround from the losses incurred during the same period last year. With guidance intact and demand remaining resilient across most major markets, these results provide investors with greater visibility as the company approaches the peak summer travel period.
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