Sixt has reported double-digit growth in earnings before taxes in the first half of the year.
The German car rental firm has seen its EBT soar to EUR67.5 million for the first six months of 2014, which consolidated operating revenue up 8.5%.
The figures came after the company expanded its fleet by 93,300 vehicles valued at EUR2.29 billion in addition to the 82,900 added in the six months previously to this period.
Demand has increased in its core Western Europe and USA markets and despite tension further east and into Russia the group said it is confident of a rise in consolidated operating revenue in year-end.
Erich Sixt, chairman of Sixt SE: “The first six months have shown that Sixt is in top shape. Our growth is broadly based, with the ongoing expansion abroad remaining the driver for the encouraging growth in revenue. However, we also recorded a solid revenue growth in Germany. We will continue to utilise growth opportunities with resolve but sound judgement to gain further market shares.”
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