Sixt AG, along with its subsidiaries, provides a mobility service, and is based in Germany. The Company operates in more than 85 countries worldwide and as of December 31, 2006, Sixt had 1,564 rental offices, of which 474 were in Germany. Sixt AG is head quartered in Pullach, near Munich, Germany and maintains branch offices in Leipzig and at Munich airport.The Sixt Group is primarily engaged with car rentals and leasing from locations around the world. The company also has links with hotels and airlines to strengthen this network of car rental outlets. Sixt offers a whole range of vehicles for rental, from limousines and sports cars to motorcycles and off-road vehicles. The company purchases many Mercedes Benz vehicles in Europe, but has deals with many other manufacturers including BMW, Ford, Harley-Davidson and Porsche, amongst others. Sixt has a unit called Autoland which is a major German used-car dealer.
The business activities of Sixt are linked with hotel and airline companies, of which some of these links are subsidiary companies of Sixt. Europe Service Car, United Rental Group and Sixt Insurance Services are some of the subsidiary companies owned by the Sixt Group. However, links with non-subsidiary companies in airports and hotels give Sixt the world network it needs to be a major worldwide rental company. The airline partners of Sixt include Lufthansa, KLM/Air France, and United Airlines. Partnerships with hotels also provide a useful network for Sixt, which has agreements with Hilton, Hyatt, Kempinski and Starwood. The company also operates an online platform, called e-Sixt, dedicated to online communications and access to services.
The actual operations of the company are split into three sectors of car rental, leasing, and eCommerce. It has a subsidiary called e-Sixt dedicated to online communications and access to services. This company provides some hotel, package holiday and airline booking services. In the fiscal year ended December 2004, the company generated revenues of E2.28 billion, an increase of 2.5% over the previous fiscal year. The company saw a net income of E22.5 million in fiscal 2004, an increase of 21.2% over fiscal 2003. Chairman Erich Sixt owns about 57% of the company.
Company website:
http://ag.sixt.com/
Company news:
Sixt News
CORPORATE HEADQUARTERS:
Sixt AG
Zugspitzstrasse 1
Pullach, 82049
DEU