SIXT Surges 18% in 2023, Reaching Record Revenue and Ranking Second in Company History

Sixt Keeps Riding the High Wave in 2023

In its third‑year sprint, Sixt SE didn’t just hit the road – it broke through the speed limit. Revenue rose to a stunning EUR 3.62 billion, marking an 18.1 % jump from 2022 and a whopping 44.7 % jump since 2019.

Regional Highlights

Germany: 23.6 % growth, solidifying its leadership.
North America: First time topping EUR 1 billion with an 18.5 % increase.
Europe outside Germany: 14.3 % rise, keeping the continent humming.

Fleet Frenzy

Trust in Sixt’s wheels hit an all‑time high, boosting the average fleet to an impressive 169,100 cars – up from 138,400 last year.

Profit Highlights

EBITDA leapt to EUR 1.33 billion (above the 2022 figure of EUR 1.14 billion). Earnings before taxes (EBT) hit EUR 464.3 million, a solid 12.8 % margin – comfortably above the 10 % benchmark.

Dividend Talk

Boarders are proposing a generous EUR 3.90 per ordinary share (and EUR 3.92 per preference share). Awaiting the final nod from the Supervisory Board.

Leadership Insights

Alexander Sixt, Co‑CEO

“Thanks to our loyal customers and the stellar crew, we’ve hit a record revenue again and achieved the second‑best annual result ever. Our figures are especially impressive given the rough ride with e‑mobility, rising rates and hefty investments,” he said. “I wholeheartedly thank every teammate for their hard work.”

Konstantin Sixt, Co‑CEO

“We’ll keep bringing in fresh faces while fortifying our loyal base. Digitalisation will make pick‑ups and drop‑offs a breeze, and our on‑site service will hit a new peak,” he noted.

Prof Dr Kai Andrejewski, CFO

“Sixt’s resilient model and premium positioning let us climb in 2023 despite macro challenges. Our solid finances and flexible cost base allow us to invest smartly and keep efficiency soaring,” he affirmed.

Electric Vehicle Saga

From a 20 % plunge in used EV prices in Germany to hefty depreciation losses (~EUR 40 M), Sixt felt the EV fury. Demand gaps and loss of revenue pushed the company to slash risky electric cars sooner, cutting their share to half by February 2024.

EVs will stay on the lot, but Sixt says it relies heavily on customer cravings, cost realities and automakers’ long‑term strategies.