Turnover: 3 billion EUR (2022)
Country: Germany
Founded in 1911, the company is majority-owned (61.6%) by the Sixt family. It is the market leader in Germany, and4th in France, with sales of 197 million euros. globally, Sixt generates 62.6% of its sales from short-term rentals, the remainder from long-term rentals. There were 2,211 Sixt branches worldwide in 2016, including more than 230 in France.
The company was also a 50% co-shareholder in the DriveNow car-sharing platform, although it sold its shares back to its partner BMW. Since then, the group has created Sixt Share in February 2019, initially in Germany, and rapidly developing in the rest of Europe and the United States, a car-sharing platform that allows users to return their vehicle to any Sixt branch of their choice.
april 8, 2021 - Sixt dismayed by health crisis - source(La Tribune)
- Sales down 38.8% to 1.5 billion euros in 2020
- Barely escapes a loss after a black year
- Sixt has reduced its car inventory by 25%
- Home delivery boosts van rental demand
News
Stellantis signs mega contract with Sixt 17/01/2024
- Stellantis has signed an agreement to supply up to 250,000 cars to Sixt.
- Deliveries will begin in the first quarter of 2024, and run through to 2026.
- Hertz had reported an order for 100,000 Teslas in autumn 2021.
- Sixt had signed with BYD for 100,000 cars in October 2022.
- The short-term car rental sector accounted for 8.25% of car registrations in France last year, or nearly 146,000 cars.
Car rental: Sixt steps on the toes of Hertz and Avis 15/10/2023
- Sixt was founded in 1912.
- Sixt has a fleet of over 166,000 direct vehicles and almost twice that number through its franchisees.
- Sixt is number 1 in Europe and has ambitions to expand into the United States.
- The global car rental market is growing by around 5% a year and is expected to top the $100 billion mark this year.
- Sixt generated revenues of 3 billion euros last year, compared with 12 billion for Avis and 8.6 billion for Hertz.
- The Sixt family controls 58% of Sixt's capital, despite its IPO in 1986.
- Sixt has a premium positioning in the car rental market.
- Sixt is present in 42 of the top 50 airports in the United States, which has become the Group's largest market.
- In Europe, Sixt has opted for electric vehicles, with over 20% of its fleet already electrified, compared with 2% at the start of 2020.
Financial Data
DUNS: 418694469
Legal Name: ALLANE LOCATION LONGUE DUREE
Address: 1 RUE FRANCOIS JACOB , 92500 RUEIL-MALMAISON
Number of employees: Entre 20 et 49 salariés (2021)
Capital: 8 000 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Turnover | 22 833 486 | 21 934 307 | 19 228 507 | 18 564 876 | 17 910 337 | 18 844 213 | 18 867 447 |
| Gross margin (€) | 22 713 372 | 22 095 895 | 20 840 910 | 18 402 746 | 18 114 874 | 18 793 927 | 18 469 336 |
| EBITDA (€) | 14 920 487 | 15 325 296 | 11 894 415 | 12 468 804 | 12 255 866 | 13 734 955 | 12 960 185 |
| Operating profit (€) | 1 012 923 | 1 617 868 | 556 829 | 624 232 | 359 312 | -47 660 | 796 286 |
| Net profit (€) | 2 333 680 | 1 605 510 | 269 352 | 653 884 | 328 141 | 952 752 | 1 248 716 |
| Turnover growth rate (%) | 4,1 | 14,1 | 3,6 | 3,7 | -5 | -0,1 | - |
| Ebitda margin rate (%) | 65,3 | 69,9 | 61,9 | 67,2 | 68,4 | 72,9 | 68,7 |
| Operating margin rate (%) | 4,4 | 7,4 | 2,9 | 3,4 | 2 | -0,3 | 4,2 |
| Working Capital (turnover days) | -26,5 | -48 | -39,8 | -5,2 | -6,1 | -7,9 | 4,1 |
| Working Capital requirements (turnover days) | -55 | -43,7 | -62,2 | -38,4 | -52 | -30 | -26,9 |
| Net margin (%) | 10,2 | 7,3 | 1,4 | 3,5 | 1,8 | 5,1 | 6,6 |
| Added value / Turnover (%) | 73,9 | 78,6 | 77,8 | 76,1 | 78,8 | 80,4 | 77,1 |
| Wages and social charges (€) | 1 503 043 | 1 543 731 | 1 355 543 | 1 273 246 | 1 258 704 | 1 020 142 | 1 159 849 |
| Salaries / Turnover (%) | 6,6 | 7 | 7 | 6,9 | 7 | 5,4 | 6,1 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Gérant | Michael | Ruhl | 53 | |
| Gérant | Arnault | Desevre | 51 | |
| Gérant | Eckart | Klumpp | 62 | |
| Commissaire aux comptes suppléant | Francois | Duhau | 64 |
Studies mentioning this company
The car rental market - France
Other companies mentioned:
- Europcar
- Hertz
- Avis Budget Group
- Sixt
- Ouicar
- Citiz
- Ubeeqo
- Enterprise holdings
- Ucar
- DriiveMe
- Drivalia
- Virtuo
- Getaround (Ex drivy)
- Rent a Car
- Hitech Software
The car rental market - Portugal
Other companies mentioned:
- Europcar
- Hertz
- Avis Budget Group
- Sixt
- Ouicar