Sixt (SIX2) Q4 2024 earnings summary

Executive summary

• Achieved record annual revenue of EUR 4,002.2 million in 2024, driven by strong demand, fleet growth, and network expansion.

• Maintained high operational profitability and a premium brand strategy, with EBITDA up 10% year-over-year.

• Outperformed major competitors in profitability despite challenging macroeconomic conditions.

• Consolidated profit attributable to shareholders was EUR 243.9 million, down from EUR 335.1 million year-over-year.

Financial highlights

• Revenue reached EUR 4,002 million in 2024, up 11% compared to 2023.

• EBITDA rose to EUR 1,459 million, a 10% increase year-over-year.

• EBT was EUR 335 million, down from EUR 464 million in 2023, reflecting elimination of positive residual value effects.

• EBIT was EUR 482.7 million, compared to EUR 573.2 million in 2023.

• Earnings per ordinary share fell to EUR 5.19 from EUR 7.13 year-over-year.

Outlook and guidance

• 2025 revenue expected to grow by 5-10% over 2024, with EBT margin targeted at approximately 10%.

• International tourism projected to continue growing, with high summer travel bookings and rising global passenger numbers.

• Risks include political uncertainties, ongoing economic weakness in Europe, and potential for weaker summer travel.