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.
This represents an increase of 13% when compared to revenue of $3.1 million in the fourth quarter of 2018.
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).
Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
Revenues grew 2% to $2.1 billion in the fourth quarter and 3% for the full year to $9.1 billion.
A web replay will be available online following the call.
A web replay will be available online following the call.
This significant increase in group revenues was the result of positive growth across all the group’s key markets.
HyreCar also announced that it has expanded access to its proprietary platform for drivers and vehicle owners in all 50 U.S. states.
