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Europcar: sets roadmap through to 2023

(CercleFinance.com) - At its CMD, Europcar has presented its targets through to 2023.


Called "Shift 2023", by this time, the strategic plan first aims to double the number of active customers to 15 million, hence - again by 2023 - the car rental company targets sales of over four billion euros. "Urban mobility activities" should account for about 10% of these sales.

By the same date, the group expects to report adjusted corporate EBITDA of over 500 million euros.

Regarding its balance sheet, Europcar intends to maintain its debt ratio at between 2 and 2.5 times corporate EBITDA.


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