Europcar continues transformation with strong third quarter

9th Nov 2018
Europcar continues transformation with strong third quarter

Europcar Mobility Group has announced revenue of €989 million for the third quarter of 2018.

The figure is up 25 per cent at constant exchange rates, with 2.6 per cent pro-forma growth.

Adjusted corporate EBITDA stood at €241 million for the period, up 50 per cent, with an adjusted corporate EBITDA margin of 24.4 per cent, up 410 basis points.

Net profit for the period was €148 million, up 42 per cent versus the €105 million recorded in quarter three last year.

Caroline Parot, chief executive of Europcar Mobility Group, said: “Accelerating our transformation into a mobility service company, we have delivered a strong set of results in quarter three.

“These results prove how agile we have become with a stronger than ever capability to manage complex projects such as the integration of Goldcar and Buchbinder, in a short time frame, without disrupting our daily operations, even during peak season.”

She added: “Another great source of satisfaction is our digitalisation.

“Digital marketing has become a powerful business driver and competitive asset for us.

“The way we leverage technologies to drive e-commerce performance makes us a front runner in terms of return on investment.”

“Hence, we remain confident in our future and fully confirm our 2018 guidance.”