Turnover: 5.4 billion EUR (2020)
Country: United States
Avis was founded in 1946 and acquired Budget in 2002, becoming Avis Budget Group. In 2017, the Avis brand accounted for 58% of Group sales and Budget for 33%. In total, the Group has over 11,000 branches worldwide, including more than 700 in France (Avis and Budget combined). While the Avis brand is more focused on high-end vehicles, the Budget brand specializes in entry-level vehicles. Worldwide sales totaled 7.9 billion euros in 2017.
In France, the company ranks3rd in terms of sales in the short-term rental sector, with a total of 311 million euros for 2016.
In January 2013, the group acquired car-sharing start-up ZipCar, and also offers medium-term monthly rentals, renewable indefinitely, with its Avis Flex product.
february 22, 2021 - Avis Budget tries to keep its head above water - source(Automobile Entreprise)
- Group limits net losses to $684 million thanks to drastic savings plan
- Global sales of $5.4 billion in 2020 (down 41% on last year)
- Direct consequence of station and airport closures
- 250,000 vehicles resold at a profit in 2020 to limit breakage
- 2021 is still uncertain, Avis Budget is not getting ahead of itself yet
- historic 2020 in terms of Ebitda margin (74 million in the fourth quarter), the highest ever for a sales figure that has never fallen so much (down 37% over the same period)
Financial Data
DUNS: 652023961
Legal Name: AVIS LOCATION DE VOITURES
Address: 1 PL ZAHA HADID 4 PLACE DES SAISONS TOUR ALTO, 92400 COURBEVOIE
Number of employees: Entre 500 et 999 salariés (2021)
Capital: 2 000 000 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Turnover | 311 388 779 | 195 553 887 | 152 971 581 | 317 457 562 | 311 174 160 | 301 668 412 | 311 218 256 | 326 053 319 |
| Gross margin (€) | 340 843 590 | 228 583 747 | 199 809 124 | 357 875 916 | 344 693 710 | 332 956 395 | 335 889 084 | 346 914 441 |
| EBITDA (€) | 12 120 310 | -1 356 575 | -34 932 548 | -17 403 040 | -42 177 369 | -21 689 121 | -18 986 060 | -11 661 829 |
| Operating profit (€) | 9 955 901 | -3 803 391 | -33 036 078 | -16 401 518 | -36 268 174 | -16 385 089 | -21 114 390 | -19 178 698 |
| Net profit (€) | -7 514 839 | -18 049 190 | -41 397 042 | -4 967 784 | -36 760 352 | -19 652 189 | -22 240 496 | -28 062 934 |
| Turnover growth rate (%) | 59,2 | 27,8 | -51,8 | 2 | 3,2 | -3,1 | -4,5 | - |
| Ebitda margin rate (%) | 3,9 | -0,7 | -22,8 | -5,5 | -13,6 | -7,2 | -6,1 | -3,6 |
| Operating margin rate (%) | 3,2 | -1,9 | -21,6 | -5,2 | -11,7 | -5,4 | -6,8 | -5,9 |
| Working Capital (turnover days) | -3,6 | -9,2 | -186,6 | -151,1 | -70,2 | -127,1 | -178,7 | -70,6 |
| Working Capital requirements (turnover days) | -58,3 | -84,6 | -113,1 | -58,8 | -67,2 | -117,3 | -81,1 | -59,5 |
| Net margin (%) | -2,4 | -9,2 | -27,1 | -1,6 | -11,8 | -6,5 | -7,1 | -8,6 |
| Added value / Turnover (%) | 26,7 | 22 | 2,3 | 19,2 | 14,9 | 21 | 22,9 | 21,8 |
| Wages and social charges (€) | 53 290 432 | 42 422 150 | 42 392 230 | 63 315 519 | 63 657 768 | 63 923 371 | 65 121 600 | 62 403 361 |
| Salaries / Turnover (%) | 17,1 | 21,7 | 27,7 | 19,9 | 20,5 | 21,2 | 20,9 | 19,1 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Laurent | Sculier | 55 | |
| Directeur général | Paul | Ford | 54 |
Studies mentioning this company
The car rental market - France
Other companies mentioned:
- Europcar
- Hertz
- Avis Budget Group
- Sixt
- Ouicar
- Citiz
- Ubeeqo
- Enterprise holdings
- Ucar
- DriiveMe
- Drivalia
- Virtuo
- Getaround (Ex drivy)
- Rent a Car
- Hitech Software
- Ada (Rousselet Groupe)
The car rental market - Portugal
Other companies mentioned:
- Europcar
- Hertz
- Avis Budget Group
- Sixt
- Ouicar