‘In a quarter of traditionally low activity for our industry and in a challenging economic environment, Europcar succeeded in improving its Corporate EBITDA despite a slowdown in revenue’ said Roland Keppler, CEO of Europcar group.

‘The many initiatives taken on costs and cash flow in the framework of the group’s Fast Lane 2014 transformation plan combined with improved fleet utilisation and new customer approach, yield tangible impact. Europcar is increasingly well positioned to consolidate its results and to capture the long- term growth perspectives of the mobility markets.’

A new management team for the company appointed in February 2012 has already brought about change. The low-cost brand catering for leisure business InterRent has been rolled out in Portugal, France, Spain and the UK, with a German branch the most recent addition. While there has been increased activity in the company’s leisure sector, this has been offset by a slowdown in corporate business.