Europcar Mobility Group : Q1 sales in line with forecasts, but above all very strong leverage to profitability
>Excellent profitability in Q1: EBITDA € 31.2m vs -€ 44.4m in Q1 2021 - Europcar has reported excellent Q1 figures: 1/ sales up 56.7% like-for-like to € 567.4m, close to our forecast of € 564.2m. We note especially the 34.9% surge in volumes. Sales were therefore almost back at the 2019 level (-8.4%), which was an excellent performance. 2/ Corporate EBITDA was a very good surprise coming out in the black for the first time at € 31.2m. We noted the excellent margin on...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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