Sixt SE
SIX3.DE
Deutsche Börse58.80
EUR
-0.10
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Sixt SE
SIX3.DE
(Deutsche Börse)
Recent
price
58.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sixt SE operates as an international mobility service provider offering premium vehicle rental, car sharing, ride-hailing, subscriptions, and related services through its integrated digital platform ONE; core products and services include SIXT rent for short- and long-term car and commercial vehicle rentals with access to over 240,000 premium vehicles such as Audi, BMW, Mercedes, Porsche, and Lucid at more than 2,100 branches worldwide, SIXT share for free-floating electric carsharing with over 70% battery electric vehicles and micro-mobility options like scooters and bikes from partners including emmy and Cooltra, SIXT ride for chauffeur-driven transfers, airport shuttles, and event services via partnerships like Blacklane in North America with access to over 5 million drivers in more than 400 cities across 50 countries, SIXT+ for flexible all-inclusive car subscriptions available in all corporate countries generating stable monthly cash flows, and SIXT truck for light commercial vehicle rentals launched in 2021 with over 900 branches focused on core markets in Germany, France, and the UK. The company serves private individuals, tourists, corporate clients, and business fleets across diverse industries with a premium fleet emphasizing around 50% high-end vehicles, digital booking via a single app and payment wallet, and contactless processes like Sixt Xpress checkout; it operates in over 100 countries including 12 corporate countries (Germany, US, Canada, Spain, UK, France, Italy, Belgium, Netherlands, Luxembourg, Austria, Switzerland, Monaco) with asset-heavy presence in large low-risk markets and asset-light franchise models in approximately 100 smaller markets, alongside administrative and technology centers in locations such as Munich, Pullach, Berlin, Rostock, US, Great Britain, India, Ukraine, Italy, France, Spain, Switzerland, Belgium, Netherlands, Austria, and Portugal. Founded in 1912 by Martin Sixt in Munich as “Martin Sixt Autofahrten” and headquartered at Zugspitzstrasse 1 in Pullach, Germany, Sixt SE functions as the parent holding company of the Sixt Group and remains a subsidiary of Erich Sixt Vermögensverwaltung GmbH under family control with 58.3% voting rights held by the Sixt family; it employs an average of 8,923 people and maintains around 2,098 stations globally with a fleet averaging 357,100 vehicles including franchises. Recent developments include accelerated franchise expansion into five new Latin America and Caribbean markets in 2025 (Mexico with locations at Cancún, Mexico City, Guadalajara, Monterrey offering Lexus and Jeep; Chile; Cayman Islands; El Salvador; Nicaragua), a multi-billion euro agreement with Stellantis in January 2024 to purchase up to 250,000 latest-generation vehicles across its portfolio for the rental fleet in Europe and North America through 2026 starting with deliveries in Q1 2024 to support the EXPECT BETTER growth strategy amid 20% revenue growth in the first nine months of 2023, addition of nearly 60 new branches in 2024 across Germany, Europe, and North America including the 50th US airport branch, New York City Times Square, San Diego, London Heathrow Terminal 4, Dresden Central Station, and Vienna Schönbrunn alongside winning key airport licenses in Spain, modernization of over 230 branches with flagship redesigns at Munich Airport, geographic extension of SIXT share to the Netherlands with a 100% electric fleet and new partners for ride and micro-mobility, entry into South Africa and Namibia via franchise partnerships in November 2024, growth financing via expansion of a syndicated loan to EUR 1.55 billion maturing at least until 2030, a new EUR 500 million bond in early 2025 at 3.25% coupon with the lowest spread in company history, and achievement of record EUR 4.0 billion revenue and EUR 1.46 billion EBITDA in 2024 despite used car price pressures through higher fleet rotation, cost discipline, and over 23% profit increase in the first nine months confirming 5-10% revenue growth and 10% EBT margin guidance for 2025.