Europcar reports strong 2015 financial results
Europcar Mobility Group announced its 2015 results, showing a 4.9% revenue increase and a significant improvement in adjusted corporate EBITDA, meeting its financial guidance.
Europcar reports strong 2015 financial results
Saint-Quentin-en-Yvelines, France – Europcar Mobility Group announced on February 25, 2016, its financial results for the year 2015, demonstrating robust growth and meeting its previously upgraded financial guidance.
The company reported revenues of €2.142 billion, a 4.9% increase at constant perimeter and exchange rate. Adjusted corporate EBITDA reached €251 million, up nearly 16% at constant exchange rate, with a margin of 11.7%. Corporate net debt saw a sharp reduction, with the leverage ratio falling to 0.9x.
Philippe Germond, Chairman of the management board, stated that 2015 was a significant year, marked by a successful IPO and progress in operational improvements. The company highlighted growth across all corporate countries and strategic investments in new mobility solutions, such as its stake in E-Car Club and the rollout of Ubeeqo.
Europcar confirmed its guidance for 2016 remains aligned with its IPO commitments. The company also confirmed its intention to pay a dividend of at least 30% of annual net income starting in 2017, based on the previous year's net income.