Posted 05/17/2018 11:47:54 CET
SAINT-QUENTIN-EN-YVELINES (FRANCE), 17 May. (EUROPA PRESS) –
The French car rental company Europcar Group closed the first quarter of the year with a net profit of 2.5 million euros, which translates into a fall of 86.5% over the same period of the previous year, according to published data by the company.
Europcar blamed this drop to the increase in the cost of corporate bonds as a result of the purchase of the Spanish company Goldcar and to the fact that in the first three months of 2018 its gross operating profit (EBITDA) continued to grow in negative to 24 million.
The turnover of the company increased by 26.7% between January and March compared to the first three months of 2017, to 556 million euros, while operating profit stood at 40 million, one less than in the first quarter of the year. last year.
However, Europcar said its results are “totally” in line with its expectations for the full year and confirmed its forecasts. In this context of “trust”, it will launch a program to buy back tactical actions.
“Europcar Group pursues and accelerates its transformation as a global provider of mobility services, our goal is to become the preferred mobility services company for our customers, offering an attractive alternative to the ownership of vehicles with a wide range of services ranging from rent of vehicles until chauffeur, as well as shared vehicles and services of rent of equal to equal “, explained the delegated adviser of the signature, Caroline Parot.