Europcar reports modest revenue increase for 2019 | News

Europcar has documented income of €3,022 million for 2019, up .nine for each cent on an organic foundation and or 3.2 for each cent on a documented foundation.

Group web revenue for the 12 months stood €38 million.

Caroline Parot, chief executive of Europcar Mobility Group, declared: “The next fifty percent of 2019 was difficult, with the European financial slowdown and the Brexit each impacting our corporate and leisure enterprises.

“This led us to accelerate the roll-out of our performance and standardization packages, so as to adapt our charge-base.

“Finally, in this tender surroundings characterised by weaker-than-predicted desire and pricing force, we obtained our revised steerage.”

Company web financial debt at Europcar Mobility Group totalled €880 million.

Parot extra: “In 2020, the surroundings will continue to be elaborate, with macro uncertainties in Europe, as properly as difficult moments when it comes to environmental issues or health key situations.

“In this regard, although obtaining no direct operations in the APAC location, we are intently monitoring the evolution of the outbreak predicament in our market and in our organization, from an staff and business point of view.”

She extra: “At the similar time, 2020 staying a critical milestone on our way to our 2023 ambitions, we will strongly target on high quality of income, margin advancement and cash flow era.

“All this with continued money discipline, in line with the targets of our performance packages.

“Thanks to our unique and central positioning in the mobility ecosystem, we are confident in the relevance of our Shift 2023 strategic roadmap, which aims to enable us to seize even more progress, seize industry chances in entrance of very promising extensive-expression mobility tendencies and build better worth for our shoppers, although progressively rebalancing our income streams, therefore decreasing the effect of seasonality and volatility on our business.”

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