BUILDING ON COMBINED, POSITIVE OUTCOMES OF "REBOOT" PLAN "CONNECT" STRATEGIC ROADMAP AND LEVERAGING A MORE FAVOURABLE BUSINESS ENVIRONMENT DURING H2 2021 CORPORATE EBITDA MARGIN AT 12.5%, ABOVE
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.
Change in the Executive Committee of Europcar Mobility Group
Regulatory News:
After 10 years within the Europcar Mobility Group (Paris:EUCAR), Fabrizio Ruggiero, Group s Deputy CEO, will leave the company at the end of August, to take up a new professional challenge.
As a consequence, he will step down from his position as Deputy CEO in charge of the Service Lines, the Vans Trucks BU, e-commerce, sales, brand management, customer engagement and international partner development.
The Board of Directors would like to thank him for his strong contribution to the development and the transformation of the Group. First as Italy Country Manager, then as a Deputy CEO of the Group, Fabrizio constantly strived to make Europcar Mobility Group the European N°1 of vehicle rental that it is today, notably expanding its global network as well as its brands portfolio.
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
Europcar Mobility Group: 2020 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.