Sixt Rent A Car has just published its third quarter results which show a pre-tax profit of €28 million. Although revenue from car rental is down Sixt say that they have been able to maintain a stable demand for vehicles in both its vehicle leasing and vehicle renting business units. Sixt’s pre tax profit is up 8.6% on the same quarter last year. In line with other car rental firms Sixt has concentrated of reducing its rental fleets as well as implement wide ranging cost cutting strategies.

Managing director of Sixt U.K., Ian Lawrence said that he was extremely pleased that the company could announce such great results when the industry was still trying to come to terms with the effects of the economic downturn. He went on to point out that the results were a testament to Sixt’s ability to continue to offer its customers quality service and vehicles at competitive prices. He also said that as well as offering customers the high end service they have come to expect Sixt was also moving forward with innovations such as their iSixt iPhone car rental booking application.

Chairman of the managing board of Sixt AG, Erich Sixt said that he felt confident that the company would be able to hit its targets for the year. He also pointed out that even though the economic crisis was still being felt private drivers as well as companies were proving that the rental car market was still very important in providing solutions for their travel needs.