Strong third quarter for Europcar, receives €989 million revenue

Saturday, November 10, 2018

Europcar continues to see transformation in the third quarter of 2018 generating a revenue of €989 million.

At constant exchange rates the figure was up by 25 per cent showing a 2.6 per cent pro-forma growth.

For the period adjusted corporate EBITDA stood at  €241 which was up 50 percent and the adjusted corporate EBIDTA margin of 24.4 per cent  which was up 410 basis points.

The net profit for the period was €148 million which was up  42 per cent as compared to  the €105 million recorded in the same period last year.

Caroline Parot, chief executive of Europcar Mobility Group, stated that accelerating our transformation into the mobility service company they were able to provide a strong set of results in quarter three.

They have been agile with a stronger than ever capability to manage the complex projects like the  integration of Goldcar and Buchbinder, in a short time frame without having to disrupt their daily operations at peak times.

Digitalization has been another great source  of satisfaction the way they had been leveraging technologies to drive the e-commerce performance has made them the number one in terms of return on investment.

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• Strong third quarter for Europcar, generated €989 million

• Europcar reports losses during the first quarter