Europcar Mobility Group : Q3 set to be equally hard hit, concerns over debt burden
>Q2 hit hard: Corporate EBITDA at -€ 144.5m (vs € 95.6m in Q2 2019) - Europcar reported sharp decline in its half-year results, impacted by the health crisis and in particular a halt in activity in its main markets during the lockdown period; these are characterised by : 1/ Consolidated revenues down 37.6% to € 814.8m (-43.4% LFL), impacted by a sharp drop in volumes (-38.5% LFL), albeit ahead of our expectations (€ 711.6m); 2/ Nevertheless, Corporate EBITDA was stro...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.
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.
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