Declined from 2.5 to 1.5 billion euros – small profit of 2 million euros – Sixt does not yet venture a forecast due to corona uncertainty.
The German car rental company Sixt closed the past year with a loss of 81.5 million euros before taxes – but made a profit of 2 million euros after taxes and with the result from the discontinued leasing division. Sales collapsed from 2.5 to 1.5 billion euros due to travel restrictions and lockdowns in the corona pandemic, the company announced on Tuesday.
The continued stable occupancy of the city offices as well as the areas of long-term rental and car subscriptions would have prevented an even greater slump. The outgoing CEO Erich Sixt said that Sixt had black figures in Europe and invested heavily in the USA. “With the acquisition of highly attractive airport stations in the USA, we have advanced our internationalization strategy,” he said.
The car subscription offer was launched successfully. Sixt did not give a forecast for the current year. He was “cautiously optimistic that after the end of contact bans and travel restrictions we will return to a growth mode”.
The CEO and major shareholder Erich Sixt wants to switch to the post of chairman of the supervisory board in June, shortly before his 77th birthday. His two sons Alexander and Konstantin Sixt, who have been on the board since 2015 and who have driven digitization, will then become co-CEOs together.
