In December last year, rental giant Sixt announced that it was selling all of its Tesla models from its fleet of rental cars. Now the business is once again making billions on the bottom line.
German car rental giant Sixt announced on Tuesday this week that the company is making money again.
In fact, a total profit before tax was achieved in the third quarter, which is almost at the same level as the whole of last year.
Despite Sixt selling its Teslas from the fleet of rental cars, revenue in the third quarter increased by 10 percent compared to the same period last year.
In the third quarter, the group's total earnings before tax reached DKK 1.83 billion. While the company's earnings before interest, tax, depreciation and amortization (EBITDA) grew to approximately DKK 4 billion.
Last year, that number was half a billion less.
This is written by Automobilwoche .
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In this way, Sixt can record a total turnover of 9.2 billion Danish kroner in the third quarter of 2024. 800 million kroner more than last year.
According to Sixt itself, the growth is due to ongoing investments in the company's fleet, network, branding and digitalisation.
The rental company now expects the total profit before tax to end up at just over DKK 2.5 billion. However, it is only just right within the disc. Sixt had previously expected a profit of between DKK 2.5 and 2.9 billion.
Sixt's decision to remove Tesla from the fleet of rental cars, says the company itself, did not have a significant impact on the accounts. At least not negatively.
Conversely, the Germans are not the only ones who make a living from renting out cars, who have chosen to push out several thousand electric cars.
Perhaps the biggest competitor has the same. It has, among other things, meant a farewell to Polestar. Read more about it here .
Read more exciting news from and about the world of cars right here!
