Europcar

Q1 2018 Results:

Del

Europcar starts the year with accelerating revenue growth, in line with the Group’s strategic ambitions

  • Revenue of €556 million up 28% at constant exchange rates with organic growth of 3.9% vs. 3.4% in FY17
  • Adjusted Corporate EBITDA excluding New Mobility at -€21 million versus -€6 million in Q1 2017, in line with management expectations
  • Corporate Operating Free Cash Flow at -€76 million compared to -€27 million in Q1 2017, impacted by a phasing impact on non-fleet working capital, to be reversed in the course of 2018
  • Net income at €3 million versus €19 million in Q1 2017
  • Europcar fully confirms its guidance for 2018

See the full press release in the attached PDF file.

Nøgleord

Kontakter

Olav Arnkjær
PR Consultant, Epicent PR
(+45) 78 70 09 21
oar@epicent.dk

Vedhæftede filer

Links

Information om Europcar

Europcar



About Europcar Group 
Europcar Group is a major player in mobility markets and is listed on Euronext Paris. The Group's mission is to be an attractive alternative to car ownership by providing a wide range of mobility solutions: car rentals, Vans & Trucks, chauffeur service, car-sharing or peer-to-peer. Customer satisfaction is at the heart of the group's mission and all of its employees and this commitment fuels the continuous development of new services.

The group operates through multi brands meeting every customer specific needs: Europcar® - the European Leader in vehicle rental services, Goldcar® - Europe’s largest low-cost car rental company, InterRent® - value for money brand targeting leisure customers and Ubeeqo® - a European company specializing in fleet and mobility solutions for both the business and the end-customers market.

The Group delivers its mobility solutions worldwide through an extensive network in 133 countries (including 16 wholly-owned subsidiaries in Europe and 2 in Australia and New Zealand, franchisees and partners).

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Europcar Group reinforces its leadership position within the Low Cost segment3.4.2018 12:42Pressemeddelelse

Europcar group, a major player in mobility markets, announces the reorganization of its Business Unit Low Cost to fully benefit from the recent Goldcar acquisition. The Low Cost car rental segment is one of the most dynamic in Europe, representing a size of approximately €1.5 billion, enjoying a historical 12% annual growth rate and expected to continue to grow at a similar pace, especially in Leisure destinations like France, Spain, Italy, UK, Portugal, Greece, or Turkey. The Business Unit Low Cost will be managed by Juan-Carlos Azcona, Goldcar’s former CEO, and will gather the InterRent and Goldcar brands. The combination of these two majors players allows the Group to build a large platform and to benefit from a significant scale within the Low Cost segment. This business unit is expected to generate a major portion – at least 15% - of Group revenues in the near future. In order to fully benefit from the agility of Goldcar’s organizational structure, their lean processes and a solid

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