German car rental firm Sixt recorded €1.3 billion in third-quarter revenue, an increase of 6.6 per cent year-on-year.
The company, however, cited a "challenging macroeconomic environment," particularly in the US, and noted that with a stable exchange rate compared with Q3 2024, revenue growth would have been 8.2 per cent year-on-year.
“Our success is based on targeted investments in product, technology, marketing, sales, our branch network and thus in our entire customer experience," said Sixt CFO Franz Weinberger in a statement. "Additionally, we have further optimised our fleet utilisation."
The company reported third-quarter profit of €181.5 million compared with €179.5 million for the same quarter in 2024. Sixt’s third-quarter fleet size was 223,000 vehicles, which was an increase of 8.2 per cent year-on-year.
Sixt’s Q3 revenue in Europe, outside of its home market of Germany, rose by 12.9 per cent year-on-year to €600.3 million, while sales in Germany increased by a more modest 1.6 per cent to €334.6 million.
In North America, the car rental firm reported revenue of €386.9 million, which was just ahead of last year’s Q3 figure of €379.3 million.
Sixt is projecting full-year revenue of about €4.25 billion in 2025, which would be a 6 per cent increase compared with last year.
“Looking ahead to 2026, with regard to our current planning process, we remain committed to our strategy of maintaining a tightly managed fleet that operates inside the demand,” added Weinberger.