EarningsSixt just announced a 13% cut to its FY24 EBT guidance, primarily due to lower than expected residual values across risk vehicles in the US.
Macroeconomic FactorsFurther macroeconomic deterioration and continued postponement of interest rate cuts are impacting demand for Sixt's services.
PricingA more pronounced decline in pricing, particularly in the US, is affecting Sixt's financial outlook.