TLDR
- Sixt SE posted Q1 earnings before taxes of €2.1 million, beating consensus of a €1.5 million loss
- Revenue hit €928.9 million, up 12.6% on a currency-adjusted basis, topping estimates of €911 million
- Corporate EBITDA jumped 40.2% year-on-year to €67.7 million
- Net profit swung to €1.5 million from a loss of €12.6 million in Q1 2025
- Full-year 2026 guidance confirmed: revenue of €4.45–€4.60 billion with ~10% earnings-before-tax margin
Sixt SE (ETR: SIXG) stock climbed 4.93% on Wednesday after the German car rental group posted first-quarter results that came in ahead of expectations across the board.
Q1 earnings before taxes came in at €2.1 million. That compares to a company consensus estimate of a €1.5 million loss and a loss of €17.6 million in the same period last year.
Revenue for the quarter reached €928.9 million, up 12.6% on a currency-adjusted basis and above the consensus estimate of €911 million.
Net profit swung to €1.5 million from a loss of €12.6 million in Q1 2025. The turnaround reflects both stronger demand and tighter fleet management.
Corporate EBITDA rose 40.2% year-on-year to €67.7 million, which was also above analyst expectations. Fleet size grew 8.4% to 182,900 vehicles, excluding franchise operations.
Co-CEO Alexander Sixt said the results came from a clear and consistent strategy: “a tight, demand-oriented fleet, sustained strong investments in premium vehicles, brand, network, and above all technology.”
Regional Breakdown
Europe outside Germany was the strongest regional performer, with revenue up 16.2% to €344.7 million. Germany itself grew 11.5% to €271.2 million.
North America revenue dipped 1.9% to €310.3 million, but that was driven by foreign exchange effects. On an organic basis, Jefferies noted the region grew 9.2%.
The FX headwind in North America is worth watching, but the underlying demand picture there looks healthy.
Guidance Confirmed
Sixt kept its full-year 2026 guidance in place. The company expects revenue of between €4.45 billion and €4.60 billion, with an earnings-before-tax margin “in the area” of 10%.
The midpoint of that revenue range sits at €4.525 billion, in line with the company consensus of €4.54 billion. Implied earnings before taxes of around €453 million compare with consensus of €446.9 million.
CFO Franz Weinberger said the company is holding its guidance “despite increased geopolitical and macroeconomic uncertainty.”
The Q1 results mark a clean reversal from the losses posted a year ago. With guidance unchanged and demand holding up across most key markets, the numbers give investors a clearer picture of where Sixt stands heading into the busier summer travel season.
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