Sixt Group marks performance milestone   

Sixt Group marks performance milestone   

Car rental firm reveals 2014 was the most successful year in its history

Car rental firm reveals 2014 was the most successful year in its history

Car rental specialist the Sixt Group has revealed 2014 marked the most successful year in the company’s history. Car rental

The company’s consolidated earnings before taxes (EBT) rose 14.1% to EUR 157.0 million, while operating revenue climbed 9.3% to EUR 1.65 billion. Total consolidated revenue increased 8.6% to EUR 1.80 billion.

As a result of the company’s strong performance, its managing board plans to increase the dividend payout for 2014 by around 20%.

Erich Sixt, chairman of the Managing Board of Sixt said: “The strong result in 2014 exceeded our expectations. It is all the more encouraging if one considers the restrained economic environment in Europe.

“The basis for this success was once more the ongoing international expansion and our clear premium strategy. With a 9.5% pre-tax return on operating revenue, Sixt once again underlined its position as one of the world’s most profitable mobility service providers. Our company’s internal strength makes us generally optimistic for 2015.”

Gary Marshall
Written by:
Gary Marshall
Posted On:
Posted In: