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Sixt:Quarterly Results/2025 Q2: Difference between revisions
→Insights from Hertz Earnings
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==== Q2 2025 Hertz earnings call key insights ==== | ==== Q2 2025 Hertz earnings call key insights ==== | ||
[https://fiscal.ai/company/NasdaqGS-HTZ/investor-relations/Q2-2025/ Q2 2025 Earnings Call Transcripts] | |||
==== Demand ==== | |||
* CCO Sandeep Dube said demand continues to improve. "So I think the demand profile as such that's coming in continues to improve," he said..."we are booking ahead of our planned fleet capacity." | |||
* They saw reduced demand in EMEA in the first half of the year. "The corporate segment was down mid-single digits. We saw a good 3 to 4 points improvement in July from a demand perspective. The government sector, again, plateaued out and down 25% to 30%. And we've seen -- that was in June. And then we saw about a 5-point improvement in July in that segment. And I'd say the inbound segment, which -- where we've actually seen positive demand from APAC and Latin America, but of course, reduced demand from the EMEA region in the first half of the year," Dube said. | |||
==== Pricing ==== | |||
* '''Pricing was still challenged in Q2 2025 but they are seeing improvements in the third quarter'''. "While the challenged second quarter trends continued through July, our U.S. forward bookings for August through the fourth quarter are quickly narrowing the gap to last year's RPD trends," CCO Sandeep Dube said. "We expected when we met in Q1 during the earnings call, we had expected pricing to improve through summer. That element has just been delayed. But then now we see progression, narrowing of the gap on a year-over-year basis on that front." | |||
==== Depreciation ==== | |||
* They achieved best depreciation per unit in years (DPU). "On a gross basis, DPU was around $280. Net gains on sale represented about $30 per unit per month driven by strong residual values achieved through our optimized disposition channels and our continued disposal of older vehicles," Dube said. | |||
==== Vehicle recalls ==== | |||
* About 2% of their vehicles are under recalls ((1.5 pts above normal). | |||
* They can't lease vehicles under recall. | |||
* Much of the impact is where OEMs doesn't have the fix or the parts. | |||
== References == | == References == | ||