Report
Hela Zarrouk

Europcar Mobility Group : FCF penalised by investments in digital and restructuring charges but the target for an EBIDTA margin of 14% appears achievable

>Feedback from road show in Germany - At a road show with management (CFO – HIR), we got an update the growth trend last year and the short- and medium-term outlook. Our takeaways: The acquisitions of Buchbinder and Goldcar (deals finalised in September and December 2017) have significantly changed the size of the group, which now claims sales of close to € 3bn and corporate EBITDA of € 327m (vs € 2.1bn and € 254bn previously). On this basis, corporate FCF stands...
Underlying
Europcar Mobility Group SA

Europcar Groupe SA is part of the mobility sector as a handler in rental vehicles. Co.'s objective is to provide the mobility solution that meets its customers' needs in a market where expectations are constantly changing. Co. offers mobility solutions extending from short-term vehicle rental, via its three main brands, Europcar®, Ubeeqo® and InterRent®, and chauffeur services to car-sharing and a platform offering mobility services. Ubeeqo, a specialist in car-sharing, and E-Car Club, a car-sharing start-up offering an entire fleet of electric vehicles in the United Kingdom, have broadened Co.'s mobility offer through its subsidiary, Europcar Lab.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Hela Zarrouk

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