Europcar: reiterates annual targets

(CercleFinance.com) - At its 2018 investor day, Europcar reiterated its four financial targets for 2017 and submitted its medium-term growth strategy to the financial community, along with targets in its financial plan.


The vehicle rental group reiterated its aims to reach at least three billion euros in revenue, with a Corporate EBITDA margin of 14% (excluding new mobility) by the end of 2020.

Concerning shareholders, Europcar intends to maintain its current dividend policy, i.e. a payout of over 30% of its net income, while proceeding with tactical share repurchases when it deems appropriate.


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