To travel from A to B, there are various possibilities. In Berlin, I take the subway too. In rural areas, however, the car is often the only alternative. Innovative mobility service providers get the most out of a fleet.

That’s sustainable. Therefore, you should definitely read this analysis. Sixt is a service provider in the mobility value chain and Germany’s leading car rental company. The company’s core activities include car rental/used car sales, leasing, and internet/travel. In the rental segment, Sixt is represented in over 30 countries and also has a leading position worldwide.

Growth that will pay off Sixt has presented good numbers for the first 9 months and increased sales by a clear 18.4% to €2.75 billion. In the 3rd quarter, Sixt achieved a record turnover and for the first time achieved more than €1 billion in one quarter. The profit declined by 9% to 183 million €. Despite geopolitical uncertainties and economic weakness, Sixt managed to increase sales. Rental car prices remain at a stable high level. Sixt benefited from this with a record fleet of an average of 189 thousand rental vehicles excl. Franchise.

The reason for the decline in profit was increased costs, which were primarily due to significantly higher interest expenses. In addition, the holding costs of the gradually built electric fleet have increased. Operationally, Sixt continued its expansion course across all segments. Sixt has entered into partnerships with the renowned US basketball clubs Los Angeles Lakes and Chicago Bulls to further expand its market presence in the strategic growth market USA.

In Munich, the largest European DowntownStation went into operation, and in France Sixt achieved market leadership for the first time at the airports of Nice and Paris. The good figures have not yet been reflected in the price.

We are waiting for that The share price has lost value in the past few months and is currently undervalued. The reason for this appears to be the restraint due to the weak economic outlook for the German economy. As soon as the wind turns, you should also have Sixt back on your radar. The dividend yield of 3.6% is solid.