Europcar enhances its a 353 operating profit
Europcar, the European Group specialised in the rental of vehicles, closed last year with a gross profit of operating (Ebitda) of EUR 212,8 million, representing an increase of 35.3% compared to the result of the previous year, according to data published by the company.
In 2014, the French multinational achieved a turnover of 1.978,9 million euros, representing a rise of 3.4% compared with the 1.914,3 million euros invoiced in the previous year, and its net profit was 112 million euros
At the end of last year, the standard operating margin reached 10.8%, which is 2.5 percent above the data of 2013, while its debt stood at 581 million euros, 11.3% more.
Europcar has attributed this improvement of its annual results to the development of the transformation plan Fast Lane, launched in 2012, which provided strategic initiatives to improve costs and revitalize sales.
The Chief Executive Officer of Europcar, Philippe Germond, highlighted that 2014 represented an “important step forward” for the company, since it has become to grow with “constant improvement” in operating profit margin over the past three years.
“The group is in full implementation of its transformation plan in the growing market of European rentals. In this favorable environment, the group can capitalize on strengths to strengthen their growth and opportunities linked to the evolution of the market”, he added.
The company counted throughout last year with an average 189.269 units vehicle fleet, which translates into an increase of 3.1% compared to 183.594 units recorded in 2013.