Strong third quarter for Europcar, generated €989 million

Published on : Wednesday, January 9, 2019

It was recently announced by Europcar Mobility Group that it generated a revenue of €989 million for the third quarter of 2018.

 

At constant exchange rates the figure was up 25 percent and there was 2.6 per cent pro-forma growth.

 

The adjusted EBITDA was up by 50 per cent standing at €241 million for the period. The adjusted EBITDA margin was up 410 basis points.

 

 

The net profit was  €148 million this was up by 42 per cent as compared to the €105 million recorded in quarter three last year.

 

 

Caroline Parot, chief executive of Europcar Mobility Group said that they have accelerated their transformation into the mobility service company and have delivered a very strong set of results in the third quarter.

 

 

The company has turned agile with strong capability in managing complex projects with the integration of Goldcar and Buchbinder within a short time frame.

 

 

She further mentioned that another great source was digitization that served as a powerful business driver and competitive asset.

 

 

They have become a front –runner in terms of return on investment  and are confident of the future.

Tags: ,

Comments are closed.

arrow2Follow Us
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 

ADVERTISEMENT

  • 25 PATA

TRAVEL INDUSTRY EVENTS

More Events...