Performance Above Expectations, Due to Structural Measures as Well as Favourable Conjunctural Business Environment Record Corporate EBITDA Margin at 27.4 % Raised Ambitions For 2021 Regulatory
Europcar Mobility Group: First Half 2021 Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Europcar Mobility Group: First Quarter 2021 Results
YET SOLID RESILIENCE IN DOMESTIC AND V&T ACTIVITIES
STRONG REBOUND IN THE US
LOWERED BREAKEVEN POINT LIMITED CASH CONSUMPTION
ROLLOUT OF CONNECT ON TRACK, WITH FIRST SOLUTIONS SERVICES DELIVERIES
Regulatory News:
Q1 2021 HIGHLIGHTS
Revenue: €356m, down -36%
2, still reflecting the impact of travel restrictions in Europe but showing also a good performance of domestic markets with resilient activities. The US, Australia and New Zealand show good signs of recovery
A strong improvement in margin after direct costs: +2 percentage points to 24.0% vs Q1 2020 thanks to significant reduction in the average fleet (-36% to 187,000 vehicles) and sharp increase in utilization rate (69.9% in Q1 2021) combined with solid cost reductions, demonstrating the Group s flexible model and fast adaptation