Shares in Sixt SE surged 5% on Wednesday after the German car rental company reported second-quarter earnings that exceeded analyst expectations.
The Munich-based firm, which operates under the Sixt brand, posted a net profit of €128 million ($144 million) for the three months ended June 30, up from €112 million a year earlier. Revenue rose 12% to €1.3 billion, driven by strong demand in both domestic and international markets.
Analysts had forecast a net profit of €115 million on revenue of €1.25 billion, according to a Refinitiv consensus. The outperformance was attributed to higher rental rates and improved utilization of the company’s fleet, particularly in Europe and North America.
Sixt’s chief executive, Erich Sixt, noted that the results reflected "solid operational execution" amid a challenging macroeconomic environment. The company maintained its full-year guidance, reaffirming expectations for net profit to reach €450 million to €500 million, supported by sustained travel demand and strategic fleet investments.
The stock’s gain contrasted with broader European equity weakness, as investors remained cautious over inflation concerns and potential economic slowdowns. Sixt’s shares have gained roughly 18% year-to-date, outperforming the Stoxx Europe 600 index.
The company’s performance underscores resilience in the travel and mobility sector, where rental demand has remained robust despite higher borrowing costs and geopolitical uncertainties.
