Germany-based car rental company Sixt reported record second-quarter revenue of nearly €1.1 billion, up 7.4 percent year over year, and credited “significant growth in the core business of short-term rentals.”
The company also cited in a Wednesday earnings report “a market environment that remains politically challenging and highly volatile in macroeconomic terms, especially in the U.S.A.”
North American second-quarter revenue was €334.6 million, an increase of 4.8 percent year over year. The Germany segment revenue increased 1.2 percent to €289.2 million. Revenue for the Europe segment excluding Germany increased the most during the second quarter to €456 million from €400.9 million a year prior.
The company’s consolidated profit for the quarter was more than €78.4 million, compared with nearly €48.3 million reported in Q2 2024.
Average fleet size for the second quarter was 197,800 vehicles, up 5.7 percent year over year, with “a high premium share of 54 percent,” Sixt CFO Franz Weinberger said in a statement.
Sixt Q1 performance
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