DGAP-News: Sixt SE: SIXT confirms expectations for continued business development in 2020 at its Annual General Meeting, but points to considerable uncertainties due to COVID-19
DGAP-News: Sixt SE
/ Key word(s): AGM/EGM
SIXT confirms expectations for continued business development in 2020 at its Annual General Meeting, but points to considerable uncertainties due to COVID-19
Pullach, June 24, 2020 - At today's Annual General Meeting of Sixt SE that was held virtually this year for the first time ever, the Managing Board confirmed its expectations for the further course of business in 2020. "Despite dramatic losses in the first and particularly second quarter, which will be the worst in our company's history, so far our business has developed in line with the assumptions we made in March," CEO Erich Sixt reported. At the same time, he pointed out the major uncertainties associated with the COVID-19 pandemic: "The third quarter, which is usually the strongest quarter in terms of sales over the course of the year, will be a crucial factor for us, as it is currently subject to considerable uncertainty." For example, the question arises as to how strongly the travel habits of Europeans will develop over the summer. In the current situation, in particular, many vacationers are waiting to learn about the situation at their holiday destination and are only booking their rental days at extremely short notice. On the other hand, the decisive factor will be how cautious travelers will be with regard to the still omnipresent COVID-19 risks. "A second wave or even travel behavior that deviates significantly from our assumptions would have a corresponding impact on our planning for the second half of the year," Erich Sixt explained. Positive signals from easing and cancelled travel warnings Review of an eventful first half of 2020 Product offensive due to changing mobility needs
With a view to Sixt+ and the launch of SIXT share in the Netherlands, Erich Sixt also expressly emphasised once again at the end of his speech that digitalization and internationalization "will remain key components of our strategy. For us, SIXT never stands still, SIXT is always on the move and SIXT always thinks ahead. This characteristic is a crucial part of our DNA. This is why we also consider the current crisis to be a great opportunity from which we will emerge even stronger." Strong majorities in the passing of resolutions About SIXT: SIXT SE with its registered office in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ the company offers a uniquely integrated mobility service across the fields of vehicle rental, car sharing, chauffeur services and car subscribtions. The products can be booked through one single app, which also integrates the services of its renowned mobility partners. SIXT has a presence in around 110 countries around the globe. The company is characterized by consistent customer orientation, a lived culture of innovation with strong technological expertise, the high share of premium vehicles in its fleet and an attractive price-performance ratio. The Sixt Group generated revenue of EUR 3.31 billion in 2019 and ranks as one of the most profitable mobility companies worldwide. SIXT SE is the parent company of the Group and has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334). https://about.sixt.de
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24.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Sixt SE |
Zugspitzstraße 1 | |
82049 Pullach | |
Germany | |
Phone: | +49 (0)89 74444-5104 |
Fax: | +49 (0)89 74444-85104 |
E-mail: | [email protected] |
Internet: | http://ir.sixt.com |
ISIN: | DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A11QGR9 Sixt-Anleihe 2014/2020, DE000A2BPDU2 Sixt-Anleihe 2016/2022, DE000A2G9HU0 Sixt-Anleihe 2018/2024 |
WKN: | 723132 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
EQS News ID: | 1077819 |
End of News | DGAP News Service |
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1077819 24.06.2020
Sixt SE ST Aktie
Mit 6 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung steht die Community der Sixt SE ST Aktie positiv gegenüber.
Ein prognostiziertes Kursziel von 100 € für Sixt SE ST zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 64.05 €.