Turnover: 3 billion EUR (2019)
Country: France
Europcar Mobility Group founded in 1949
European leader in short-term vehicle rental.
Worldwide sales of over 3 billion euros in 2019, and 379 million euros in France for the same period.
The company has been severely affected by the health crisis, but its car rental offer has not been affected.
Volkswagen is Europcar's main shareholder,
The company has diversified into the car-sharing sector, acquiring start-up Ubeequo in January 2015, and into medium and long-term rental (1 month renewable) via its FitRent platform.
europcar owns a 25% stake in Car2Go, the car-sharing subsidiary of the Daimler Group
News
Mobility: Europcar and Volkswagen step up joint projects 15/09/2023
- Europcar is to acquire 51% of Euromobil, Volkswagen's car rental business in Germany.
- Euromobil employs 400 people and provides car rental services at the group's 2,000 dealerships in Germany.
- Europcar and Volkswagen plan to exchange know-how and provide mutual assistance in fleet management.
- Europcar is working with Volkswagen on a project for an all-in-one mobile application combining various mobility services.
A former Citroën and Volkswagen executive at the wheel of Europcar 17/07/2023
- Since 2022, Europcar has been owned by a trio consisting of the Volkswagen group (majority shareholder with two-thirds), the Attestor fund and the Dutch Pon group.
- Europcar has had to face up to a 2 billion debt burden in recent years.
- The company was saved from insolvency during the health crisis of 2020 thanks to loans guaranteed by the French and Spanish governments.
Car-sharing, car-pooling, leasing: Volkswagen's big plan for Europcar 06/06/2022
- Europcar to become the cornerstone of Volkswagen's new mobility strategy
- The firm confirms its ambition to put autonomous cars on the road as early as 2025, in Europe and then the USA
- Europcar and its fleet of 250,000 vehicles, while remaining an independent brand, are at the heart of the strategic plan.
- Volkswagen plans to invest some 36.5 billion to develop its in-house software services and become a global mobility provider.
- The carmaker and its two partners have closed the takeover bid for the rental company
october 26, 2020 - unattainable targets for Europcar in 2020 - source(Capital)
- Sales halved in the third quarter of 2020 (compared with the 2019 financial year)
- Savings of 736 million euros in the first nine months of 2020 insufficient to adapt to the economic climate
- Abandonment of financial targets set for the year, the framework being too uncertain
Financial Data
DUNS: 303656847
Legal Name: EUROPCAR FRANCE
Address: 13 T BOULEVARD BERTHIER , 75017 PARIS
Number of employees: Entre 1 000 et 1 999 salariés (2021)
Capital: 10 880 000 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Turnover | 305 522 389 | 225 886 389 | 188 684 349 | 379 079 493 | 387 038 501 | 373 232 278 | 360 815 622 | 341 156 361 |
| Gross margin (€) | 338 730 479 | 259 405 715 | 211 528 910 | 419 177 522 | 424 784 841 | 407 733 479 | 380 107 712 | 361 963 961 |
| EBITDA (€) | 5 253 026 | -5 259 197 | -54 728 878 | 31 786 | -2 682 403 | 6 844 716 | 17 173 010 | -20 164 764 |
| Operating profit (€) | 5 335 360 | -11 510 990 | -63 927 603 | -3 215 680 | -8 254 286 | 3 337 446 | 10 496 606 | -19 619 141 |
| Net profit (€) | -3 749 759 | -16 219 781 | -68 448 320 | -6 207 888 | -6 764 231 | 43 083 765 | 10 595 036 | -19 189 360 |
| Turnover growth rate (%) | 35,3 | 19,7 | -50,2 | -2,1 | 3,7 | 3,4 | 5,8 | 5,6 |
| Ebitda margin rate (%) | 1,7 | -2,3 | -29 | - | -0,7 | 1,8 | 4,8 | -5,9 |
| Operating margin rate (%) | 1,7 | -5,1 | -33,9 | -0,8 | -2,1 | 0,9 | 2,9 | -5,8 |
| Working Capital (turnover days) | -18,3 | -153,4 | -154,7 | -25,2 | -27,6 | -54 | -60,8 | -74 |
| Working Capital requirements (turnover days) | 12,7 | 20,2 | -6,2 | -7,2 | -2,6 | -18,3 | -16,9 | -6,1 |
| Net margin (%) | -1,2 | -7,2 | -36,3 | -1,6 | -1,7 | 11,5 | 2,9 | -5,6 |
| Added value / Turnover (%) | 12,5 | 1,3 | -13,2 | 9,2 | 7,6 | 11,7 | 17,7 | 6,6 |
| Wages and social charges (€) | 68 195 646 | 50 765 699 | 49 422 208 | 70 760 300 | 72 684 799 | 70 795 706 | 65 226 711 | 58 937 158 |
| Salaries / Turnover (%) | 22,3 | 22,5 | 26,2 | 18,7 | 18,8 | 19 | 18,1 | 17,3 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Directeur général | Xavier, Jean, Philippe | Corouge | 49 |
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
The car rental market - Portugal
Other companies mentioned:
- Europcar
- Hertz
- Avis Budget Group
- Sixt
- Ouicar
The car rental market - Italy
Other companies mentioned:
- Hertz
- Sicily by Car
- Sifà- Società italiana flotte aziendali
- Leaseplan Italia
- Leasys S.p.A.
- ARVAL SERVICE LEASE ITALIA S.P.A.
- Avis Italia
- Unipol Rental
- Europcar
The mobility as a service (MaaS) market - France
Other companies mentioned:
- Société nationale des chemins de fer français (SNCF)
- Citymapper
- Waze
- RATP
- Transdev
- EasyMile
- Ubitransport
- BlaBlaCar
- Coyote
- Europcar
- STEP (Hype)
- Zity
- Dance Vélo
- Plume Mobility
- Smovengo Velib