Press Conference for presentation of the 2004 Accounts – Paris (France) March 7th, 2005
2004, A RECORD YEAR FOR EUROPCAR
- Record profits, up by 16%.
- An increase of 10% in the number of rental days and a 6% rise in turnover.
- The company receives the most prestigious awards for its quality of service.
1. EUROPCAR consolidates its position as European leader by extending its world-wide market presence
In 2003, EUROPCAR took the lead amongst the short-term car rental hire companies in Europe. One year on, with a turnover of 1,172 million Euros, with 32 million car-hire days sold, with over 230 000 vehicles bought in the year and a profit of almost 84 million Euros, the N°1 company in Europe has gained even more ground and has confirmed its position as market leader. Having become market leader in Spain, in Portugal and Italy, EUROPCAR is making strong headway in the majority of strategic countries, and notably in France, where it is now in second place.
The group continues to raise its flag on all continents with three new countries this year on the American continent, five in Africa and one in Europe. However, the most spectacular change has taken place in the Asia Pacific rim, where a new agreement extends to nearly thirty countries in this major region of the world.
Our next objectives are focussed on two countries that are of importance for our world-wide position China and the United States. We hope to conclude as early as 2005!, stated Mr. Salvatore Catania, Chief Executive Officer of the group, who is most encouraged by the improved stability of the company balance sheet.
2. EUROPCAR beats its own record and improves on its results
With a result before tax of 83.9 million Euros in 2004, EUROPCAR is announcing a new record that is up 16 % over the figures for 2003.
This performance is primarily due to the increase in our turnover, the optimisation of our vehicle fleet and to the fall in the cost of finance, explained Gerhard Noack, the Groups Chief Finance Officer.
For 2005, the car-hire company has confirmed the general trends observed during the year and anticipates a further two-figure result at the end of this financial year.
3. EUROPCAR receives the most prestigious awards for its quality of service
For the second year running, EUROPCAR has received the title of European Car Hire Leader.
At the end of the year, the European leader was a warded for the first time the highest World Travel Award distinction, the title of World Leader in Leisure Vehicle Rentals attributed by a jury comprising a world-wide selection of travel agents.
Salvatore Catania, Chief Executive Officer of the group enthused, Not only is our group definitively confirmed as the number 1 company in our sector in Europe, but we are also recognised at world-wide level, given that American travel agencies represent a significant proportion of the voters. As Europeans, this is a considerable source of pride, but in addition, it is for us the best possible introduction to the world market that we could ever imagine.
Notes to Editors
Europcar, an international organisation founded in Paris in 1949, is the number one car rental company in Europe.
Europcar UK, based in Hertfordshire, carries out over one million rentals every year through its network of 126 stations situated strategically at airports and cities across England, Wales, Scotland and Northern Ireland.
Europcar UK is committed to delivering bespoke rental solutions to business and leisure customers, offering rental options of one hour to one year, with or without a driver, through its fleet of over 15,000 cars and vans.
For further information please contact:
Contact: EUROPCAR International S.A.S.U.
Christoph Wolf, Communications Director
Tel: +33 (0) 1 30 44 98 00
Fax: +33 (0) 1 30 44 94 45