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SIXT Exceeds the Four-billion-euro Revenue Mark for the First Time: Third Record Year in a Row

1. SIXT achieved record revenues over EUR 4 billion, growing by 10.5%. 2. Growth resulted from regional expansion and strong summer holiday business.

Earnings
-1.14%Current Return
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+0.34%S&P 500
$31.356202/27 10:04 AM EDTEvent Start
$3102/28 04:20 PM EDTLatest Updated
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FAQ

Why Bullish?

The consistent revenue growth and record performance often lead to positive market sentiment, as seen in similar cases with companies like Hertz post-recovery from downturns. Investors generally view rising revenues as a precursor to increased EBIT, stimulating buying interest.

How important is it?

The record revenue growth directly influences EBIT. Earnings performance is a critical indicator for investors assessing the company's financial health.

Why Short Term?

The immediate market reaction to record revenues is typically swift; however, sustaining growth will determine long-term impacts. Historical trends show that initial positive signals can lead to short-term stock price rallies.

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HERTZCARABGRDC
PULLACH, Germany--(BUSINESS WIRE)--SIXT continued its growth trajectory in the 2024 financial year in a challenging industry environment. Consolidated revenue rose for the third year in a row to a new record level, exceeding the EUR 4 billion mark for the first time. This represents an increase of 10.5% over the previous year (2023: EUR 3.62 billion). The main growth drivers were the continued expansion in all three regional segments and a strong summer business during the holiday season. In pa.

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