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Second quarter revenues featured a 2% increase in rental days.
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During the second quarter of 2019, Europcar posted a net profit of 1 million euro ($1.1 million) compared to a net profit of 18 million euro ($20 million) in the second quarter of 2018.
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Investors are encouraged to dial in approximately 10 minutes prior to the call.
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Europcar delivered a solid performance in terms of fleet financial utilization thanks to an increase in utilization in its cars business unit.
Read More →This represents an increase of 13% when compared to revenue of $3.1 million in the fourth quarter of 2018.
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Following this Q1 start, the managing board of Sixt confirms its outlook for the entire fiscal year of 2019 and plans investments of around 8 billion euros ($9 billion).
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Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
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A webcast will also be available for 90 days on the IR section of the HyreCar website.
Read More →For 2019 the managing board expects to see ongoing growth in demand, which continues to be driven primarily by foreign business in the vehicle rental business unit.
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The ride-hailing company also reported a loss of $911 million.
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