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Sixt GmbH & Co. Autovermietung KG Zugspitzstr. 1 82049 Pullach, Germany http://www.sixt.de
Contact Ms Julia Hoffstaedter +49 89 744444942
Company logo of Sixt GmbH & Co. Autovermietung KG
Sixt GmbH & Co. Autovermietung KG

Despite positive business performance in January and February, Q1 2020 at SIXT clearly affected by effects of the Corona crisis

(PresseBox) (Pullach, )
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• Consolidated revenue of the mobility service provider for Q1 just 3. 4 % below last year's fi gure thanks to a go od start to the year
• However, p ractical standstill in international travel due to the Corona crisis in March results in quarterly loss before tax es of EUR 5.1 million
• Substantial adjustments made in response to slump in demand: already in Q1 reduction to size of fleets and investments down by 8 % on last year
• Massive cost cutting measures of over EUR 150 million initiated for personnel and material costs
• Syndicated loan
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.