Germany-based Sixt reported a year-over-year jump in first-quarter revenue, but revenue for the North American segment declined for the period because of currency-exchange effects, the car rental company reported Wednesday.
Sixt first-quarter consolidated revenue was €928.9 million, up 8 percent year over year. The Europe segment outside of Germany posted €344.7 million in revenue, an increase of 16 percent. Germany revenue was €271.2 million, up nearly 12 percent for the quarter. North American revenue was €310.3 million, down from €316.4 million a year prior, mainly due to the weaker U.S. dollar, according to Sixt.
First-quarter earnings before taxes were €2.1 million compared with a loss of €17.6 million in Q1 2025. Consolidated net income was €1.5 million compared with a loss of €12.6 million a year prior.
The company continued to roll out its Sixt One rewards program during the first quarter, adding Germany, Austria and Switzerland. Plans are to introduce Sixt One in Canada during the second quarter. The loyalty program launched in Q4 2025.
Sixt at the end of Q1 had 2,299 branches worldwide, up from 2,122 at the end of Q1 2025. Its fleet size increased 8.4 percent year over year to 182,900.
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