Can anyone tell me where I can find the Sixt preference shares in Getquin?
Unfortunately nothing found in a direct search
Thanks a lot!
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69The car rental company Sixt continues to record good demand.
Revenue rose by ten percent to EUR 858.1 million in the first quarter, as the company announced in Pullach on Tuesday.
The company recorded robust growth in Europe and the USA. Analysts had expected lower growth.
At the same time, Sixt was able to reduce its losses. Earnings before taxes improved by 36 percent to minus EUR 17.6 million, while the net loss amounted to EUR 12.6 million after a loss of a good EUR 23 million in the previous year.
The company also benefited from a tight fleet: the fleet only grew by just under four percent. The company confirmed its forecast for the current year. "Against the backdrop of continuing macroeconomic uncertainties, we are planning for the decisive summer business with an even tighter fleet," commented CFO Franz Weinberger.
The company achieved record sales of EUR 858.1 million, which corresponds to an increase of 12.3% compared to the same quarter of the previous year.
EBITDA amounted to EUR 217.8 million, also a record figure for a first quarter. However, Sixt recorded earnings before taxes (EBT) of EUR -17.6 million, which is attributable to market-related factors.
Despite the quarterly loss, Sixt confirms its forecast for the financial year 2025.
The company continues to expect revenue growth of 5% to 10%, supported by strong demand in the summer business.
Salut@all vlt. can someone shed some light on it, I'm thinking of joining Sixt. What speaks for what against it. $SIX2 (-1.08%)
As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/yU_UfNQy7OQ?feature=shared
Sunday:
Another crypto theft occurred, this time probably the biggest ever. 1.5 billion dollars were stolen from the crypto exchange Bybit. Although the blockchain is considered secure, access to the individual wallets in which the cryptos are stored is not. As a result, there was a 'bank run' on the exchange as investors lost confidence and withdrew their money.
Monday:
No tailwind for the new federal government in Germany, the ifo business climate index is stagnating. The economy therefore remains a major construction site and urgent action is needed.
Tuesday:
Fuel cell specialist$F3C (-1.95%) FC Energy is also forecasting double-digit growth for 2025. In 2024, the company achieved the upper end of the forecast for sales growth (+22.5%). Adjusted EBITDA grew to 22 million euros, exceeding the forecast.
Wednesday:
Deutsche Telekom $DTE (-1.44%) Deutsche Telekom is on a record course but falls short of the expectations of some analysts. Sales rose by 3.4 % to 115.77 billion euros, the dividend is to rise to 90 cents per share. The development of the US subsidiary remains decisive for Deutsche Telekom.
e.on $EOAN (-1.1%) is convincing in terms of figures, even if the results here were slightly below the previous year's figures. EBITDA is expected to increase by 6-9% in 2025. The CEO of e.on expects the new German government to finally implement an efficient energy transition instead of adhering to expansion targets at all costs. The dividend is to rise to 55 cents per share.
Thursday:
$SIX2 (-1.08%) Sixt, the car rental company, presents record sales figures. Turnover increased by 10.5% to 4 billion euros. The US business in particular is doing well. Profits fall slightly due to falling used car prices. The dividend is to rise to 2.70 per share. Sales growth of 5 - 10 % is also planned for the coming year.
Also $KGX (+0.07%) Kion is planning to increase its dividend from 0.70 to 0.82 euros per share. Turnover is expected to stagnate in 2025 and amount to 10.9 - 11.7 billion euros. In 2024 it was 11.5 billion euros.
GDP growth in the USA falls to a growth rate of 2.3% in the 4th quarter. However, this is in line with expectations. Germany is a long way from 2.3 % growth. The country is in the longest recession phase in post-war history.
Friday:
The world's largest insurance group posts a bottom-line profit of 10 billion euros, up 10% on the previous year. Allianz $ALV (-0.4%) Allianz once again exceeds analysts' expectations and the dividend rises to €15.40 per share. At the same time, Allianz has been cutting back on life insurance benefits for years.
Due to rising food prices, inflation in Germany remains at 2.3%. Next week there will be further inflation data from the EU, as well as a possible key interest rate cut by the ECB.
These are the most important dates for the coming week:
Monday: 11:00 Inflation data (EU)
Wednesday: 16:00 ISM data (USA)
Thursday: 14:15 Interest rate decision (EU)
Can you think of any other dates? Write it in the comments 👇
After a difficult previous year, car rental company Sixt is aiming for significant profit improvements in 2025.
Pre-tax earnings are expected to account for around ten percent of revenue, which is expected to grow by five to ten percent, as the Pullach-based company announced on Thursday.
On average, analysts had expected revenue growth in the lower half of this range, but had also hoped for a little more in terms of profitability.
Analyst Constantin Hesse from the investment bank Jefferies spoke of a solid fourth quarter for the car rental company.
However, pre-tax earnings fell slightly short of expectations.
The targets for 2025 are in line with expectations. Due to the below-average share price performance to date, he saw room for upside for the share.
For Baader Bank expert Christian Obst, Sixt has set itself somewhat higher growth targets for the new year than expected.
Discounts for car rental companies are likely to increase over the course of the year.
Losses on residual car values, on the other hand, should subside over the course of the year, and IT and personnel costs should also develop more favorably.
In general, Sixt is usually cautious in its forecasts.
Last year, Sixt increased its turnover by 10.5 percent to EUR 4.0 billion.
Sixt is expanding its business in the relatively new US market in particular.
In contrast, Sixt's pre-tax profit fell by 27.8 percent to EUR 335 million.
The pre-tax margin thus amounted to 8.4 percent.
The management intends to reduce the dividend per ordinary share to EUR 2.70 after EUR 3.90 a year earlier due to the decline in profits.
The decline in profits was mainly due to falling used car prices, which is why Sixt had to sell many cars after their useful life at unexpectedly low prices. Among other things, losses on electric cars weighed on the balance sheet.
The management is trying to reduce the residual value risk and has already achieved significant success in Europe.
In Sixt's growing US market, however, it is traditionally more common for the car rental company to also bear the value risk of the cars for the duration of their use.
Various analyst firms rate the share at between €100 and €135, which still leaves a lot of room for upside.
I myself am up around 30% and see further growth. Especially in the USA 👆🏼
It's a shame that the dividend is being cut, but I think it's a step in the right direction.
A few days before the Bundestag elections, Wall Street has discovered its special love for Europe and German second-line stocks. The small cap index MDaxwhich is usually overshadowed by the Dax, is suddenly enjoying a level of attention not seen for years. Several major Wall Street addresses have published analyses of the index of medium-sized companies almost simultaneously.
The MDax is considered to be one of the most undervalued indices in the Old World and this is precisely what makes it particularly attractive from Wall Street's perspective. The Bundestag elections are fueling this bet: if Germany manages to turn the economy around afterwards, the MDax could benefit disproportionately.
Around a third of the MDax companies' business is attributable to the domestic market. Accordingly, the local misery has weighed much more heavily on the index. By contrast, the index has not yet priced in the economic policy stimuli that could arise after the election.
Possible beneficiaries are (examples):
Through lower energy costs:
$WCH (-0.56%) | $LXS (-1.62%) | $GBF (+0%)
Improved consumer sentiment:
$CTS (-0.56%) | $BOSS (-0.59%) | $SIX2 (-1.08%)
Suitable funds could be
$EXID (+0.17%) | $MD4X (+0.15%)
Source (excerpts) & graphic:
WELT editorial team "Alles auf Aktien"
Hello everyone,
My current portfolio was completely reorganized after the takeover of $COP (-0.05%) at the end/beginning of the year. I have reinvested almost all of the liquidity freed up as a result in small-mid caps. I also see further potential here in the coming years due to more flexible adaptability (with regard to the USA) and financing costs. At the beginning of the year $SESG (-0.75%)
$NA9 (-0.77%)
$TNIE (+0.84%)
$KTN (-2.82%)
$ALCRB (-1.46%)
$DSFIR (-0.15%) made it into my portfolio. Today, I swapped the pipe burner $P911 (-3.1%) in $MUM (+0%) . My next idea would be $SIX2 (-1.08%) I would like to hear what else you have on your watchlist in this segment.
Greetings
Micha
Apple business grows despite decline in iPhone + Intel misses expectations with sales forecast + Labor market data for DE/USA + Sixt AG retrospectively on yesterday's Drop&Rebound
Apple $AAPL (-1.14%)grows despite iPhone decline
Intel $INTC (-0.41%)misses expectations with sales forecast
Investor places Sixt shares $SIX2 (-1.08%)for around 50 million euros
Friday: Stock market dates, economic data, quarterly figures
Stock exchange holiday China and Hong Kong
08:00 DE: Retail sales December and year 2024 seasonally adjusted real FORECAST: +0.6% yoy previous: -0.1% yoy
08:45 FR: Consumer prices (preliminary) January PROGNOSE: 0.0% yoy/+1.5% yoy previously: +0.2% yoy/+1.3% yoy HICP PROGNOSE: 0.0% yoy/+1.9% yoy previously: +0.2% yoy/+1.8% yoy
09:55 DE: Labor market data January seasonally adjusted unemployment rate FORECAST: +15,000 yoy previous: +10,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.2% previous: 6.1%
14:00 DE: Consumer prices (preliminary) January PROGNOSE: +0.2% yoy/+2.7% yoy previous: +0.5% yoy/+2.6% yoy HICP PROGNOSE: -0.1% yoy/+2.9% yoy previous: +0.7% yoy/+2.8% yoy
14:30 US: Labor Cost Index 4Q FORECAST: +0.9% yoy Q3: +0.8% yoy yoy
14:30 US: Personal Spending and Income December Spending / Income PROGNOSE: +0.6% yoy/+0.4% yoy previous: +0.4% yoy/+0.3% yoy PCE Price Index / Total Rate PROGNOSE: +0.3% yoy/+2.6% yoy previous: +0.1% yoy/+2.4% yoy PCE price index / core rate PROGNOSE: +0.2% yoy/+2.8% yoy PREVIOUS: +0.1% yoy/+2.8% yoy
15:45 US: Chicago Purchasing Managers Index January FORECAST: 41.0 previous: 36.9
A major investor is placing Sixt shares worth almost EUR 50 million on the market.
Deutsche Bank, which was entrusted with the placement, announced on Thursday evening that an institutional investor is offering a good 600,000 Sixt ordinary shares, which are to be placed with other investors overnight. The name of the seller was not disclosed. At Thursday's Xetra closing price, the Sixt share package is worth EUR 49 million, but the shares are normally sold at a discount. The placement comprises just under two percent of Sixt's ordinary shares, which are majority-owned by the Sixt family.
During my first year of investing, I bought a lot of shares that I didn't really understand what they were doing. In the course of my restructuring, I would like to reduce my number of shares from almost 30 to 15 in the long term. However, I want to do this over a longer period of time, as these are not bad companies.
Shares that I want to sell
Apple $AAPL (-1.14%)
Medpace $MEDP (-0.87%)
ResMed $RMD (-1.3%)
Shimano $7309 (+0.8%)
LVMH $MC (-1.51%)
Genmab $GMAB (+3.09%)
Pernod Ricard $RI (-1.23%)
Pilbara Minerals $PLS (-7.37%)
Sixt $SIX2 (-1.08%)
McDonald's $MCD (-1.21%)
Domino's Pizza $DPZ (-1.14%)
Crowdstrike $CRWD (-0.93%)
Salesforce $CRM (-0.75%)
Nvidia $NVDA (-0.81%)
Just to clarify, I am not selling these companies because they are bad companies, but because they no longer fit into my investment strategy. I will only invest in companies that are not included in the classic world ETFs, but which I nevertheless understand well.
My question would be what you generally think of this and in which order you would sell the companies listed (as they are listed, this is my preferred order)
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