EarningsEarnings were once again massively negatively affected by an elevated level of depreciation on rental vehicles.
Financial PerformanceLower earnings year-over-year were recorded in Europe with a significant drop of 34.6%, and particularly in North America with a negative Corporate EBITDA of EUR -17.7m in the second quarter.
GuidanceSixt narrowed its previous FY24 EBT guidance towards the lower end at €340-390m, which aligns roughly with consensus estimates, indicating potential challenges ahead.