Europcar studies modest income improve for 2019 | Information

Europcar has reported income of €3,022 million for 2019, up 0.9 per cent on an natural foundation and or 3.2 per cent on a reported foundation.

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

Caroline Parot, chief govt of Europcar Mobility Group, declared: “The second half of 2019 was difficult, with the European financial slowdown and the Brexit each impacting our company and leisure companies.

“This led us to speed up the roll-out of our effectivity and standardization packages, in order to adapt our cost-base.

“Lastly, on this comfortable atmosphere characterised by weaker-than-expected demand and pricing strain, we achieved our revised steering.”

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

Parot added: “In 2020, the atmosphere will stay complicated, with macro uncertainties in Europe, in addition to difficult occasions in the case of environmental points or well being main occasions.

“On this regard, whereas having no direct operations within the APAC area, we’re carefully monitoring the evolution of the outbreak state of affairs in our business and in our firm, from an staff and enterprise perspective.”

She added: “On the identical time, 2020 being a key milestone on our option to our 2023 ambitions, we are going to strongly concentrate on high quality of income, margin enchancment and money circulation technology.

“All this with continued monetary self-discipline, in keeping with the targets of our effectivity packages.

“Because of our distinctive and central positioning within the mobility ecosystem, we’re assured within the relevance of our Shift 2023 strategic roadmap, which goals to allow us to seize additional progress, seize market alternatives in entrance of very promising long-term mobility traits and create higher worth for our clients, whereas progressively rebalancing our income streams, thus decreasing the affect of seasonality and volatility on our enterprise.”

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