Sixt SE: Capital Markets Update Review

研报英文原文证据摘录

Sixt SE: Capital Markets Update Review

Deutsche Bank

Research

Rating Company Date

Buy Sixt SE 26 June 2026

Company Update

Europe

Germany

Reuters Bloomberg Exchange Ticker Price at 25 Jun 2026 (EUR) 67.55

SIXG.DE SIX2 GR GER SIXG

Price Target (EUR) 89.00

Leisure & Hotels

52-week range (EUR) 97.65 - 60.10

Travel Services

Capital Markets Update Review

Valuation & Risks

Michael Kuhn

Constructive update; full CMD to be held in winter Research Analyst

Sixt hosted a half-day capital markets update in Frankfurt on 24 June, combining a +49-69-910-46002

Frankfurt Airport T3 branch visit with deep dives on SIXT ONE, North America, and

Lars Vom-Cleff

Europe. The format made clear that this event was deliberately positioned as a Research Analyst

strategy reinforcement rather than a full re-baselining of financial expectations. +49-69-910-13526

Management used the occasion to flag a full-scale capital markets day later this

winter, which might include medium-term financial targets and enhanced KPI

disclosure - the key transparency asks from the investor community. FY26 guidance

of €4.45-4.60bn revenue and ~10% EBT margin was reconfirmed. Management

sounded confident on recent business development, characterizing Q1 as solid

with cFX revenue growth above 10% and Q2 progressing in line with plan.

SIXT ONE moves from status to loyalty, and from US to global

The SIXT ONE block was one centerpiece of the event. The program is no longer a

status scheme but a fully embedded loyalty platform integrated into the Sixt app,

with four tiers (Silver, Gold, Platinum, Diamond), rental and status points, and

member control over upgrades. It is now live in all 13 corporate countries with more

than 1m members consciously opted in, having scaled from the US launch in mid-