SIXT Marks Record Growth in 2023 With Continued Expansion

Sixt SE announced a significant 18% growth in revenue for the financial year 2023, reaching a record high of EUR 3.62 billion. This performance marks the company's second consecutive year of record revenue and represents a 45% increase compared to the pre-Covid year of 2019. Additionally, Sixt achieved its second-best result in company history with earnings before taxes (EBT) amounting to EUR 464.3 million, surpassing the pre-Covid record year of 2019 by more than 50%.

The company's EBITDA also reached a record level, increasing by 16% from the previous year to EUR 1.33 billion. Contributing to this success were all regional segments, with Germany leading the charge with a 23.6% revenue increase, North America surpassing EUR 1 billion in revenue for the first time, and other European markets outside Germany growing by 14.3%.

Sixt's fleet expanded to an average of 169,100 rental vehicles, up from 138,400 in the previous year. The strong revenue growth is attributed to high levels of customer trust and strategic investments in premium offerings and digitalization. Despite the challenging market conditions, such as the deteriorating market for used electric vehicles and rising interest rates, Sixt plans to propose an attractive dividend and expects further revenue growth and a significant EBT increase for 2024.