This revenue growth was the result of good performances across all the Group’s major business units.
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In the second quarter of 2019, Europcar Mobility Group generated revenues of 753 million euro ($838 million) up 1.9% when compared with the second quarter of 2018.
This revenue growth was the result of good performances across all the Group’s major business units. The business unit (BU) cars grew by 0.8% in the second quarter boosted by a solid performance in leisure, the BU vans and trucks grew by 2.5%, and the BU low cost delivered a strong 5% growth in revenue in Q2 2019.
Lastly, the BU urban mobility continued to ramp up its car sharing business where the Group doubled its fleet capacity and achieved a 30% growth in revenue over the quarter.
During the second quarter of 2019, Europcar posted a net profit of 1 million euro ($1.1 million) compared to a net profit of 18 million euro ($20 million) in the second quarter of 2018. This is mostly due to an increase in financing fees following the refinancing of a 600 million euro ($668 million) corporate bond in April 2019.
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