FRANKFURT (dpa-AFX Broker) - After recently two weak trading days, investors grab on Thursday vorborslich at Sixt again. A satisfactory first quarter and good prospects for the year as a whole were seen by the market as reasons why the shares rose by 3.7 percent in Tradegate trading compared to the Xetra closing price. On Tuesday and Wednesday, they had lost up to 6.9 percent in total.

It became apparent that the car rental company is feeling cost pressure, but is able to push through high prices. According to Baader expert Christian Obst, demand remains strong in most car rental regions. He therefore mentioned positively that sales volume had been the biggest growth driver. He added that the market environment remains positive.

Obst also mentioned that the consensus for pre-tax profit this year was 480 million euros, slightly below the midpoint of the target range. Sixt confirmed its full-year forecast of a "significant" increase in revenue and pre-tax profit of between 430 and 550 million euros./tih/zb

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