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Europcar reports revenue growth

City and finance
Edward Robertson
2 March 2018

Europcar has reported a 13.5% increase in revenue to €2,412 million as it accelerates its merger and acquisitions strategy.

Europcar

Europcar Group chief executive Caroline Parot said the growth in revenues had helped drive a 4.6% increase in adjusted corporate EBITDA to €264 million.

She added: "We delivered a strong performance in 2017 both in terms of revenue and Adjusted Corporate EBITDA growth in a challenging context relating to the closing of several sizable acquisitions and the unexpected litigation issue in the UK.

"2017 has been a pivotal year for the Europcar Group during which we have significantly scaled up through an acceleration in our M&A plan.