Sixt:Quarterly Results/2025 Q1

Management guidance and analysts estimate

Sixt's management guided for 2025 year-over-year revenue growth in the range of 5% to 10% (€4,202 to €4,402).
It guides for an EBT margin in the area of 10%, translating to an EBT in the range of €420.2 to €440.2

Key Items^[1]	Q1 2025	Y/Y	2025	Y/Y
Revenue	€830.8 million	6.5%	€4,264	6.5%
EBT	-€14.62	-46.6%	€449.2	34.5%

Buy, €135->€125: Warburg Research analyst Marc-Rene expects Sixt's Q1 revenue and pre-tax profit to grow year-over-year. He said he slightly lowered earnings forecasts for this year and next year due to somewhat lower expectations for business growth in the US.

Buy, €105: Deutsche Bank analyst Michael Kuhn said Sixt is likely to report a pre-tax loss of €13 million in Q1 compared to pre-tax profit of €27.5 million in the previous year.

Buy, €110: Analyst Christian Obst of Baader Bank said he removed Sixt from his "Top Picks" since the risks have increased with Trump's tariff policy which has direct impact on travel. He pointed out that international flights to the US. have already declined in the first quarter.
Buy, €110->€95: Analyst Constantin Hesse of Jefferies said a recession could result in lower consensus estimates for Sixt. He pointed out that pressure on volumes and prices are expected. He sees the stock as an attractive investment in the short-term.

Buy, €95: Raj Jilka of Jefferies said Sixt is likely to continue its solid growth, driven by market share gains in the US and key European markets.