Sixt: franchise expansion in 75 countries
The Sixt car rental company continued to expand internationally last year. Using franchising, the company succeed in launching its system in nine countries including Algeria, Australia, Chile, India, Moldavia and Singapore.
According to a report in the newspaper, the Tagesspiegel, the company is looking to continue to expand its franchise network this year, too. Sixt currently has franchisees in 75 countries around the world.
Furthermore, Sixt has presented record figures for the 2006 business year. According to its preliminary figures, the company’s EBT rose by 33.9 percent to 121.6 million euros compared to 90.9 million euros in 2005. The company’s original forecast of a 25 percent increase was, therefore, exceeded by a considerable amount.