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Corporation
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Taxi, Limousine & Vehicle Rental Services
europcar-mobility-group.com

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Founded Year

1949

Stage

Acq - P2P | Acquired

Valuation

$0000 

About Europcar Mobility Group

Europcar Mobility Group is Europe's leading car rental provider that operates through multi brands meeting every customer specific needs; its 4 major brands being: Europcar® - the European leader in vehicle rental services, Goldcar® - the most important low-cost car-rental company in Europe, InterRent® – 'mid-tier' brand focused on leisure and Ubeeqo® – a European company specializing in fleet and mobility solutions for both the business and the end-customers market.

Europcar Mobility Group Headquarter Location

13 ter Boulevard Berthier

Paris, 75017,

France

+33 (0)1 30 44 98 98

Latest Europcar Mobility Group News

Europcar Mobility Group: Current Trading FY 2021 Outlook & Trajectory for FY 2022-2023

Sep 20, 2021

09/20/2021 | 03:10am EDT Message : UPDATED OUTLOOK FOR FY 2021: SIGNIFICANT REVENUE GROWTH Regulatory News: CURRENT TRADING: STRONG PERFORMANCE IN JULY & AUGUST 2021 A strong rebound in July & August 2021: revenue up +45% to €538m vs same period in 2020, but still -30% vs 2019 Top-line driven by domestic markets, highlighting a sharp rebound in the US and Southern Europe Performance over the first 2 months of Q3 2021 benefiting from both higher volumes and strong RPD OUTLOOK FOR FY 2021 Good momentum in July & August raised Group’s confidence for the FY 2021 despite an expected still limited long-haul traffic, an environment that should remain volatile depending on travel restrictions, the impact of the “Delta / Mu variants” and ongoing shortage of semiconductors The Group re-iterates its ambition to deliver significant revenue growth for the FY2021 vs 2020 Corporate EBITDA1 in 2021: above €110m (compared to -€276m in 2020 and €278m in 20192) Corporate net debt: in the €300m-350m range announced in H1 2021 (on 28 July 2021), including transformative capex as previously communicated3 The Group continues to run a strict cost control policy and focus on cash preservation FY 2022 AND 2023: KEY MID-TERM TRAJECTORY Considering the uncertain business environment related to the Covid pandemic and the semiconductor shortage development, outlook for FY 2022 and 2023 still remains broadly in line with the one communicated in the Group’s press release dated 26 November 20204 About Europcar Mobility Group Europcar Mobility Group is a major player in mobility markets and listed on Euronext Paris. Europcar Mobility Group’s purpose is to offer attractive alternatives to vehicle ownership, in a responsible and sustainable manner. With this in mind, the Group offers a wide range of car and van rental services – be it for a few hours, a few days, a week, a month or more – with a fleet that is already "C02 light" and equipped with the latest engines, and which will be increasingly "green" in the years to come (more than 1/3 electric and hybrid vehicles by 2023). Customers’ satisfaction is at the heart of the Group’s ambition and that of its employees. It also fuels the ongoing development of new offerings in the Group's three service lines - Professional, Leisure and Proximity - which respond to the specific needs and use cases of both businesses and individuals. The Group’s 4 major brands are: Europcar® - the European leader of car rental and light commercial vehicle rental, Goldcar® - the low-cost car-rental Leader in Europe, InterRent® – ‘mid-tier’ car rental and Ubeeqo® – one of the European leaders of round-trip car-sharing (BtoB, BtoC). Europcar Mobility Group delivers its mobility solutions worldwide through an extensive network in over 140 countries (including wholly owned subsidiaries – 18 in Europe, 1 in the USA, 2 in Australia and New Zealand – completed by franchises and partners). Further details on our website: www.europcar-mobility-group.com Forward-looking statements This press release includes forward-looking statements based on current beliefs and expectations about future events. Such forward-looking statements may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding performance or events. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “projects”, “may”, “would”, “should” or the negative of these terms and similar expressions. Forward looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about Europcar Mobility Group and its subsidiaries and investments, trends in their business, future capital expenditures and acquisitions, developments in respect of contingent liabilities, changes in economic conditions globally or in Europcar Mobility Group’s principal markets, competitive conditions in the market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn materially affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this press release is made as of the date of this press release. Other than as required by applicable law, Europcar Mobility Group does not undertake to revise or update any forward-looking statements in light of new information or future events. The results and the Group's performance may also be affected by various risks and uncertainties, including without limitation, risks identified in the "Risk factors" of the Universal Registration Document registered by the Autorité des marchés financiers and also available on the Group's website: www.europcar-mobility-group.com . This press release does not contain or constitute an offer or invitation to purchase any securities in France, the United States or any other jurisdiction. Regulated information related to this press release is available on the website:

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Expert Collections containing Europcar Mobility Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Europcar Mobility Group is included in 1 Expert Collection, including Mobility-as-a-Service.

M

Mobility-as-a-Service

553 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

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