Five Tips for Starting a Car Company

This is actually the alternative to #2--selling sexy--but it's yet another approach in which works. Start-ups in which speak about producing 20,000 cars annually (or even 10,000) within their first total yr associated with production are likely certainly not being remotely realistic. Also, it can easily help your current case if others have invested within your big dreams.

Be resilient.

Last Up-to-date Jul 21, 2009 4:57 PM EDT

Having immersed myself throughout covering electric vehicle (EV) and plug-in hybrid startup companies regarding BNET Autos, I think I'm within of the exact same quality a position as any to be able to offer 5 things companies require to complete proper to create it inside the shark-infested waters in the current extremely stressed auto market.

Don't over-promise. The Actual film is act ually narrated as well as directed simply by his son, and Jonathan Bricklin explains that the key for you to Malcolm's longevity within the enterprise isn't enabling lost fortunes (he lost a number of in the highly colorful career) stop him from beginning over. Yes, there will be certainly $25 billion inside low-cost loans with regard to advanced technology vehicles in the Department involving Energy, plus an further $2 billion with regard to advanced battery development. This is the Tesla Motors model. I just watched The Particular Entrepreneur, the documentary film with regards to serial start-up artist Malcolm Bricklin (he assisted start Subaru involving America, imported Yugos, offered rebadged Fiats, developed their own gull-winged sports car just before John DeLorean and, the majority of recently, claims to possess gotten burned in a deal to end up being able to import Chinese-made Chery automobiles. (OK, 600 is not a large number). It will commence slower than that.



Do get individuals excited. Sure, it was most likely much more practical with regard to Tesla to begin out off with a four-door sedan instead of a two-seat $109,000 screamer that will blow the doors off Corvettes. some in the current companies will fail, however their CEOs ought to dust themselves off along with attack the business enterprise again from a distinct angle. Almost All rights Reserved. Nevertheless businesses that are usually hoping for a $200 million loan to invest in any $225 million factory will probably be left wanting to find plan B if another person gets the actual money. Nevertheless extended ahead regarding the vehicle rolls off assembly lines within 2012, Bright can be talking in order to significant companies concerning providing fleet vehicles that might be recharged with a central hub--an perfect u se regarding plug-in hybrids (which must also thrive in start-and-stop delivery mode). The Particular media went nuts more than this company, presently the simply real 1 promoting EVs in any quantity inside the U.S. Certainly Not merely will they nevertheless be receiving their particular dealer networks together, yet they're promoting a new vanguard technologies that Americans don't fully realize yet. Here's an ABC Nightline spot concerning Your Entrepreneur:

Contemplate niche markets. but if it had carried out that, Tesla would not be described as a household identify today. An outgrowth in the Rocky Mountain Institute, this Indiana-based startup premiered along with partners that consist of Alcoa, Duke Energy, Google.org, Johnson Controls and the Turner Foundation.



This is actually Component One: Remain tuned for a 2nd se t of Jim's Rules.

2009 CBS Interactive Inc.. what I such as concerning Bright Automotive is always that its vehicle is, well, a panel van, albeit the world's initial plug-in hybrid one. Tesla's been promoting sizzle all together (ditto Fisker Automotive) and which translates to end up being able to sales, even from $109,000 a new pop.



Don't depend entirely on government handouts.

SF bay area car rental startup faces lawsuit

To do it, all they require are usually your cars, along with strangers to drive them.

Their company, FlightCar, rents out people's cars since they are usually traveling, and offers them a share in the proceeds, totally free airport parking along using a automobile wash in exchange. And Also their lot has had a couple of unusual rentals, such as any 2001 Porsche Boxster and even a Lotus.

"How will it sound right that will there's 1 car park from manchester international exactly where there are thousands of cars present along with folks are investing in these phones sit there along with do nothing, then there is another car park with thousands of cars owned by simply Hertz?" 18-year-old FlightCar CEO Rujul Zaparde said.



Zaparde along with co-founders, Kevin Petrovic and Shri Ganeshram, each 19, produced Fl ightCar, passing on elite educational institutions in the Northeast and also becoming a member of others in what may be dubbed the "sharing economy." These new businesses are generally seeking to make it possible for individuals to share their house -- for example cars or even houses -- along with earn a number of money.

These companies are, however, additionally accumulating against government regulations. "It doesn't aid us to start out worrying by what the airport thinks and also what these guys think," he said.

The service keeps Walt French wanting more. The Actual variety of rentals went coming from 1,000 for you to 1,400 inside the exact same span.

The organization -- that attracted private investors -- employs concerning 30 within San Francisco Bay Area and also Boston and whilst it has certainly not yet grow to become able to be profitable, Sapla said, the girl expects it to become inside a couple of years.

Yury Trushkov, 31, was about his method to Russia to obtain a family trip when he drove his gray 2007 Hyundai Sonata onto the company's parking lot Tuesday. He stated Boston airport officials are generally conscious of San Francisco's lawsuit and are watching the particular situation.

Zaparde said the lawsuit doesn't faze him along with FlightCar will continue to function about the business. Which indicates FlightCar requirements to comply with along with airport regulations regarding rental companies, he said.

As the particular lawsuit proceeds, FlightCar's company is growing. Trushkov, a computer software engineer, will make $10 each and every moment his vehicle is rented, which would beat the $200 to $300 in parking he said he has paid out in previous trips.

Within 5 minutes associated with pulling to the lot, attendants had packed his five suitcases in to an idling Lincoln town car that will drop him off at the airport. It lifted the actual orders this year as the swap for many safeguards, for exa mple driver records checks.

Residence-sharing companies, like Airbnb, get also run afoul of existing laws. The Particular 65-year-old Oakland resident is planning to leave his white 2002 Acura RSX in the company's Burlingame lot --which he has done any half dozen times-- although he's from town. Yakel said FlightCar is similar to Hertz or even Avis as it caters for the airport's clients as well as draws the majority of its revenue via passengers flying to the airport.

Out of the tiny, green shack on the car park throughout an industrial area south of Bay Area International Airport, three teenagers are trying to alter the airport auto rental business. in FlightCar's case, San Francisco Bay Area area officials and also those with edinburgh airport say the business is actually undercutting rental vehicle companies with the airport by acting like a rental company yet ignoring the laws in which govern them.

"We're simply attempting to enforce any consistent standard ," said Doug Yakel, an airport spokesman.

The area offers filed the lawsuit against FlightCar, hoping in order to shut it down until it complies with the regulations, including conducting pick-ups and drop-offs in a particular area, having to always be able to pay 10 % involving gross earnings to the airport and also paying a new $20 for each rental transaction.

Such conflicts nationwide are usually creating challenges pertaining to governments.

"It's happening therefore fast, practically at breakneck speeds as well as it's constantly challenging these assumptions cities have made approximately this point," said Yassi Eskandari-Qajar, which studies legal problems within the sharing economy in the Sustainable Economies Law Center, an Oakland-based nonprofit which supports such industries.

Last year, your California Public Utilities Commission issued cease-and-desist orders and also $20,000 fines in order to San Francisco-based ride-sharing companies Lyft a long with Sidecar pertaining to operating illegally, stating the businesses want permits certifying their own drivers tend to be correctly screened, licensed as well as insured. Additionally, it carries $1 million throughout liability insurance, in the actual event someone drives his automobile right straight into a building, with regard to example.



It ended up being Trushkov's first-time utilizing FlightCar's service.

"So far, consequently good," he said.

The company, which usually provides concerning 80 cars in its lot, not too long ago expanded its services in order to Logan Air-port inside Boston.

Matthew Brelis, a new spokesman pertaining to MassPort, the public agency in which runs Logan, mentioned companies doing enterprise using the airport as well as its clients are required to hav e an operating agreement that would encompass monetary and insurance requirements and compliance along with airport and security regulations.

But FlightCar features simply no such contract, he said.



"We want to always be able to know who's working from edinburgh airport as well as interacting using our customers," Brelis said. Just Like almost all cars still having FlightCar, Trushkov's Sonata would be fully insured for mechanical damage, dents as well as dings caused by the renter. a judge ruled final month in which Airbnb rentals violated a 2010 The Huge Apple Metropolis law disallowing short-term rentals.

The central question in the lawsuit against FlightCar is to define exactly what sort regarding organization it is.

FlightCar's founders state not truly a classic rental auto company. He said virtually any wor ries about damage to his automobile have faded away.

"I truly appreciate your personal savings of $60," French said. "It comes from my pocket otherwise."

. Since your company's operations started, your variety of car drop-offs offers climbed coming from 600 within mid-May to end up being able to 1,000 a month later, said Rosally Sapla, a new FlightCar spokeswoman

Surprise six-figure salaries - Adds glam to the porta potty business (2)

We cost $345 for each unit for each weekend, as well as $850 for that trailer together with a couple of rooms. I even have my own, personal series regarding amenities similar to lip balm along with lotion that I put subsequent towards the sinks.

Name: Eliza Kendall

Job: Luxury porta-potty enterprise owner

Salary: $100,000 in order to $120,000



Age: 54

Hometown: Harwich, Mass.



I in simply no way believed I would end up inside septic. I started out operating being an event organizer for any lot of leading companies, until I saw just a little porta-potty business regarding sale.



I realized that there is really nothing available that combined porta potties with upscale events. Therefore I bought your business, that came with 6 porta potties plus a small trailer using a men's along with women's room throughout it.

NEXT: Teaches lifestyle skills to end up being able to secondary school students

.

Being mentioned in the wealthier area, I realize understated elegance.

I began starting Ritz-Carlton bathrooms to see the items they do distinct from the Motel 6 and also it is exactly what I would do using my porta potties. It's not really shag red rugs as well as plastic flowers -- it's cleanliness as well as things such as fresh water inside the toilets, lattice work, fresh flower sprays to keep it smelling nice as well as motion-activated lighting.

The fresh we opened, within 1996, we were inside the black -- and we graduall y produced there. Regarding 90% in our business is weddings, so we in addition do special occasions along with fund-raising parties

Q1 2017: Europcar Starts the Year with Solid Revenue Growth and the Acquisition of Its Danish Franchisee

Europcar is the European

leader within vehicle rental service and will be also in addition the main player within mobility

markets. 31,

2016

Substantial Yield Senior Notes (a)

5.75%

2022

600

600

Senior Revolving Facility (EUR350m)

E+250bps (b)

2020

20

13

FCT Junior Notes, accrued fascination certainly not but due, capitalized

financing

expenses and other

(150)

(203)

Gross Corporate debt

470

410

Short-term Investments and also Money in operating and holding entities

(235)

(189)

CORPORATE NET DEBT

(A)

235

220



EURmillion

Pricing

Maturity

March

31, 2017

March

31, 2017

IN

Balance

Sheet

high Yield EC Finance Notes (a)

5.125%

2021

350

350

Senior asset revolving facility (EUR1.3 bn SARF) (c)

E+150bps

2020

541

693

FCT Junior Notes, accrued interest, financing capitalized costs

and

other

155

200

UK, Australia along using other fleet financing facilities

A Variety Of (d)

532

491

Gross monetary fleet debt

1,578

1,734

Money located in fleet financing entities and Short-term fleet

investments

103

(150)

Fleet net credit card debt within Stability sheet

1,475

1,584



OFF

BS

debt equivalent associated with fleet operating leases - OFF Stability Sheet (e)

1,539

1,461



TOTAL FLEET NET DEBT (incl. Their Own

change via time period to end up being able to period is actually therefore just like operating flows

generated through the activity.

(3)

Your improve involving tax cash-out in Q1 2017 versus Q1 2016 is born to become able to

prior year's regularizations throughout Q1 2016 in UK and Spain.

(4)

Mainly related for you to IT expense capitalized.

(5)

Involving which (EUR7 million) associated with Ubeeqo minority's stake acquisition, EUR5.2

million Euroguard investment.

(6)

Money improve reserved with regard to employees with the Organization along with

subsidiaries (ESOP).

(7)

Associated to Senior notes reimbursement.

(8)

in 2017, credited towards the adjust associated with Ubeeqo consolidation technique through

equity method to complete consolidation























Appendix 6 - Debt



EURmillion

Pricing

Maturity

March

31, 2017

Dec. Right After the acquisition of its

Irish franchisee in December 2016, the actual Team accelerates the actual extension

of its corpor ate network coming from 10 for you to 11 countries along with strengthens its car

rental as well as Vans & Trucks footprint.

Europcar Denmark is the marketplace leader along with circa 30% business within

Denmark. Active throughout greater than 130 countries and territories, including

eight subsidiaries in Europe and 2 throughout Australia and also New Zealand,

Europcar serves consumers by means of an extensive vehicle rental network

comprised involving its wholly-owned subsidiaries too as sites operated by simply

franchisees as well as partners. Consumer fulfillment reaches the center involving

the group's mission and almost all sorts of of its employees, this dedication fuels the actual

steady development of recent services. This specific development in rental times ended up being spread across all the crucial

divisions with cars growing 6.8%, Vans & Trucks expanding 9.7% as well as

InterRent de veloping 51%. In another hand, Income for each rental day

decreased by 3.6% at group level, mostly impacted by (1) a 4.8% decline

inside the Vans & Trucks business unit reflecting any strategic give attention to

extending utilization and rental durations, and also (2) the 2.3% decline in

the Cars enterprise unit like a result of the lower pricing environment linked

towards the strategy in Q1 17 versus Q1 16 that included Easter week-end.

Adjusted Corporate EBITDA1

Q1 2017 Adjusted Corporate EBITDA declined simply by EUR1.5m for you to -EUR6.2

million compared in order to -EUR4.7 million throughout Q1 2016. Paris moment (CET).

A Person could comply with this conference call are living through webcast.

Any replay will even be accessible for any period regarding time of 1 year. The Particular

corresponding prospectus can always be acquired on Luxembourg Stock Exchange

web site (http://www.bourse .lu/Accueil.jsp)

(b)

Depending around the leverage ratio

(c)

Swap instruments covering the SARF structure happen to be extended for you to

2020

(d)

UK fleet financing maturing throughout 2018 along with 1 12 months extension option

(e)

Corresponds for the net e-book worth of applicable vehicles, that is

calculated on the time frame associated with purchasing cost and depreciation rates

of corresponding vehicles (based in contracts with manufacturers).

. in 2016, Europcar Denmark

generated revenues of 60 million euros.

Europcar Denmark's specific strengths consist of its vastly experienced

management team and furthermore the strong relationships it's developed in the

entertainment & film/music production and also construction industries which in turn

today represent a substantial a portion of the actual business.

Conference Contact with Analysts and Inv estors

Caroline Parot, Chief Executive Officer and Jean-Claude Poupard, Chief

Monetary Officer, will host any conference call in English nowadays at two

p.m. This indicator

includes specifically all the expenses related using the fleet. Our revenue growth of 6.6% is actually

driven by a strong momentum across most of our own 3 main company

units. We get continued to provide significant improvements inside both

fleet costs for each unit down 3.4% YoY and also fleet utilisation which is up 140

bps YoY at the group level. Observe

"Reconciliation with IFRS" attached.



Appendix 1 - Management Gain as well as Loss













Just About All information inside EURm







Q1 2017





Q1 2016

Total revenue

439.3

417.6

Fleet holding costs, excluding estimated interest included within

oper ating leases

(106.8)

(104.9)

Fleet operating, rental and also revenue associated costs

(166.3)

(155.3)

Personnel costs

(90.5)

(83.2)

Network and also head office overhead

(58.7)

(53.5)

Some Other earnings along with expense

0.5

(0.1)

Personnel costs, network along with head office overhead, IT along with other

(148.7)

(136.7)

Net fleet financing expense

(13.7)

(14.7)

Estimated curiosity included inside operating leases

(9.9)

(10.6)

Fleet financing expenses, including estimated fascination included

in

operating leases

(23.6)

(25.3)

Adjusted Corporate EBITDA

(6.2)

(4.7)

Margin

-1.4%

-1.1%

Depreciation - excluding vehicle fleet

(6.6)

(8.2)

Some Other operating earnings and expenses

39.9

4.7

Some Other f inancing earnings as well as expense not related for the fleet

(15.5)

(12.6)

Profit/loss before tax

11.6

(20.8)

income tax

10.0

3.7

share of profit/(loss) involving associates

(3.0)

(3.0)

Net profit/(loss)

18.6

(20.1)











Appendix 2 - IFRS income statement



Inside EUR thousands

First-quarter

2017

First-quarter

2016















Revenue





439,291





417,554



Fleet holding costs

(116,703)

(115,450)

Fleet operating, rental and revenue related costs

(166,335)

(155,336)

Personnel costs

(90,537)

(83,172)

Network as well as head workplace overhead costs

(58,675)

(53,458)

Depreciation, amortization along with impairment expen se

(6,595)

(8,207)

Additional income





466





(140)

Existing operating income





912





1,791



Various Other non-recurring income

45,000

9,149

other non-recurring expense





(5,136)





(4,411)

Operating income





40,776





6,529



Gross financing costs

(22,415)

(21,849)

Additional monetary expenses

(7,324)

(5,865)

Additional financial income

592

413

Net financing costs

(29,147)

(27,301)















Profit/loss before tax





11,629





(20,772)



Earnings tax benefit/(expense)

9,966

3,651

Associate

(3,037)

(3,016)















Net profit/(loss) for the period





18,558





(20,137)



Attributable to:

owners regarding ECG

18,609

(19,972)

Non-controlling interests

(51)

(165)





Simple earnings per talk about attributable in order to those who own ECG (in EUR)

0.129

(0.139)

Earnings per reveal attributable to always be able to owners of ECG (in EUR)

0.129

(0.139)











Appendix 3 - Reconciliation



Most data within EURm





Q1 2017





Q1 2016

Adjusted Consolidated EBITDA

100.2

103.3

Fleet depreciation IFRS

(39.2)

(41.2)

Fleet depreciation included inside operating lease rents

(43.6)

(41.5)

Total Fleet depreciation

(82.8)

(82.7)

Fascinatio n expense associated to be able to fleet operating leases (estimated)

(9.9)

(10.6)

Net fleet financing expenses

(13.7)

(14.7)

Total Fleet financing

(23.6)

(25.3)

Adjusted Corporate EBITDA

(6.2)

(4.7)

Amortization, depreciation along with impairment expense

(6.6)

(8.2)

Reversal associated with Net fleet financing expenses

13.7

14.7

Reversal involving Fascination expense associated in order to fleet operating leases

(estimated)

9.9

10.6

Adjusted recurring operating income

10.8

12.4

interest expense related to be able to fleet operating leases (estimated)

(9.9)

(10.6)

Recurring operating income

0.9

1.8













Appendix 4 - Stability sheet



Within EUR thousands

While at March

31, 2017



Because at

December 31,

2016

ASSETS

















Goodwill

515,586

459,496

Intangible assets

727,169

715,209

Property, plant as well as equipment

89,493

84,102

Equity-accounted investments

-

14,083

other non-current financial assets

49,491

67,820

financial instruments non-current

1,350

-

Deferred tax assets

58,350





58,743

Total non-current assets

1,441,439

1,399,453



Inventories

17,712

16,843

Rental fleet recorded on the balance sheet

1,761,685

1,640,251

Rental fleet and related receivables

761,424

720,623

Trade along with other receivables

344,196

365,200

Existing financial assets

44,066

77,003

current tax assets

68,694

35,585

Limited cash

92,911

105,229

Money and money equivalents

168,744





154,577

Total current assets

3,259,432

3,115,311

















Total assets







4,700,871





4,514,764



Equity















Discuss capital

146,132

143,409

Discuss premium

666,579

647,514

Reserves

(99,901)

(111,681)

Retained earnings (losses)

(25,218)





(48,706)

Total equity attributable for the people whom just love ECG

687,592

630,536

Non-controlling interests







922
< br>



730

Total equity







688,514





631,266



LIABILITIES















Economic liabilities

971,030

953,240

Non-current financial instruments

45,241

56,216

Employee advantage liabilities

136,245

139,897

Non-current provisions

17,759

18,640

Deferred tax liabilities

109,458

107,848

Additional non-current liabilities

231





246

Total non-current liabilities

1,279,964

1,276,087



Present part of financial liabilities

1,079,423

1,224,442

Employee benefits

3,247

3,247

Existing tax liabilities

57,347

39,227

Rental fleet associated payables

964,505

679,678

Trade payables as well as other liabilities

459,678
440,065

current provisions

168,193





220,752

Total present liabilities







2,732,393





2,607,411

Total liabilities







4,012,357





3,883,498

















Total equity and liabilities







4,700,871





4,514,764











Appendix 5 - IFRS cash Flow



Inside EUR thousands

First-quarter

2017

First-quarter

2016

















Profit/(loss) before tax







11,629





(20,772)

Reversal in the subsequent items

Depreciation as well as impairment cost upon property, plant and

equipment

3,834

3,736

Amortization as well as im pairment charge about intangible assets

2,762

4,357

Changes throughout provisions along with employee benefits

(55,590)

(22,397)

Recognition associated with share-based payments

(192)

1,225

Expenses associated to the IPO

-

146

Profit/(loss) on disposal of assets

(30)

-



Total net fascination costs

24,321

23,263

Redemption premium

1,924

Amortization regarding transaction costs

1,806

-

Additional non-cash items

1,996





-

Financing costs

28,123

25,192

















Net cash via operation before changes in working capital







(9,464)





(8,513)



Changes to the rental fleet recorded on the stability sheet

(63,040)

(46,047)

Changes in flee t working capital

238,980

130,219

Changes in non-fleet operating capital

14,952

30,040

















Money generated coming from operations







181,428





114,212



Earnings taxes received/paid

(6,441)

(1,426)

Net curiosity paid

(18,507)

(19,064)

















Net cash generated through (used by) operating activities







156,480





84,664



Acquisition involving intangible assets and also property, plant and

equipment

(12,715)

(6,558)

Proceeds from disposal regarding intangible assets along with property, plant and

equipment

896

38

Some Other investments and also loans

(3,110)

592

Acquisitions/disposal of fin ancial assets

-

259

Acquisition involving subsidiaries, net regarding cash acquired

-

-

















Net money used by investing activities







(14,929)





(5,669)



Richesse increase (net associated with associated expenses)

21,787

-

Issuance associated with bonds

-

-

(Purchases) / sales involving treasury shares net

(549)

(677)

change inside additional borrowings

(188,084)

(107,903)

Payment associated with transaction costs

-

-

















Net cash generated through (used by) financing activities







(166,846)





(108,580)

















cash and cash equivalents with beginni ng associated with period

248,507

229,368

Net increase/(decrease) within money and funds equivalents after impact

of

foreign exchange differences

(25,295)

(29,585)

Scope Variation

11,635

-

effect regarding foreign exchange differences

799

(415)

cash and funds equivalents at end involving period







235,646





199,368



(1)



in 2017, the actual change in employee advantages is mainly as a outcome of downward

trend in the price reduction charge in Germany EUR8 million, your reversal associated with

provision with regard to disputes along with French Competition Authority EUR45 million.

(2)

Provided the average holding period for the fleet, the Team reports

vehicles as present assets in the beginning in the contract. any forward-looking statement contained on this press

launch is manufactured as with the date of this press release. The Particular team operates mainly beneath the actual Europcar,

InterRent as well as Ubeeqo brands.

SAINT-QUENTIN-EN-YVELINES, France--(BUSINESS WIRE)--Regulatory News:

Europcar (Paris:EUCAR) today announced its outcomes for your very first quarter

2017.

Pertaining To Caroline Parot, Chief Executive Officer associated with Europcar Group:

"We commence the year on a sound footing. Europcar Groupe

undertakes zero obligation for you to publicly revise or update any

forward-looking statements in mild of new info or future events.

the outcomes andthe Group'sperformancemay also be affectedbyvarious

risks along with uncertaintiesidentifiedin your "Risk factors"ofthe

Registration Document registered from the Autorit desmarchs financiers

(the"AMF")May 20, 2015under the particular range I.15-041 andits updatefiled

with theAMF in Ju ne 12, 2015 andalso available on the Group's website:www.europcar-group.com

Further details in our website:

finance.europcar-group.com

1 Adjusted Corporate EBITDA can be defined as present

operating earnings before depreciation along with amortization certainly not related to

your fleet, and following deduction of the eye expense upon specific

liabilities associated for you to rental fleet financing. This particular slight lower has been

caused through the positive impact regarding Easter in Q1 16, the actual extra

investment to the group consumer journey digitalization programme as well as

the InterRent network within Q1 2017 vs Q1 2016 and the net losses incurred

within the New Mobility division.

The Actual Group's profitability had been positively impacted with a 140 schedule factors

increase in the Group's fleet monetary utilization which usually reached 74.6%

within Q1 2017 versu s 73.2% within Q1 2016, which was mostly as a new outcome of

significant improvement in utilisation within the Vans & Trucks company within

series using the shift in strategy for the enterprise unit and furthermore the best collection

growth strategy so as to manage the particular shift associated with Easter coming from March last

12 months in order to April this year. Such forward seeking

statements are not assures of long term performance and furthermore the announced

objectives are subject to always be able to inherent risks, uncertainties as well as assumptions

about Europcar Groupe as well as its subsidiaries and investments, developments in

their own business, future money expenditures and acquisitions,

developments inside respect regarding contingent liabilities, modifications in economic

conditions globally or possibly in Europcar Groupe's principal markets,

competitive circumstances in the market and regulatory factors. Additionally worth noting will be the excellent control of your

Group's fleet operating costs as well because the great fleet negotiations

that occurred within the quarter that enabled the particular Team to cut back its fleet

costs for each unit by 3.4% within the very first quarter regarding 2017 versus the first

quarter of 2016.

Corporate Operating free cash Flow

Q1 2017 Corporate Operating free Money Flow was -EUR27 million compared to

0 million inside Q1 2016 impacted by a doubling in the non-fleet capex that

reached EUR12 million within Q1 2017 versus EUR6 million inside Q1 2016. Individuals

events are generally uncertain; their own outcome could change from present anticipations

which can in turn affect announced objectives. EUR247 million as involving March 31, 2016) as becoming a results of

the particular Group's strong free regarding charge cash flow gen eration.

The Actual fleet debt has been EUR3,014 million as regarding March 31, 2017 vs. This kind of boost reflects the larger number

involving vehicles inside the fleet in order in order to sustain the growth of the Group's

operations and the fleet mix evolution.

2017 guidance confirmed

Europcar confirms its 4 financial targets regarding 2017 in contrast to be able to 2016:

- Accelerating organic income growth ie higher than 3%

- Improve within adjusted corporate EBITDA margin (excluding New Mobility)

ie over 11.8%

- The corporate operating free regarding charge money flow conversion rate over 50%

- a dividend payout ratio higher than 30%

The Actual group in addition reiterates its strategic ambition for you to continue the roll

out of its acquisition strategy in orderto boost value creation pertaining to its

shareholders.

Acquisition of Europcar's Danish Franchisee

Europc ar also announces today the actual acquisition regarding its Danish franchisee,

one of its greatest inside regards to revenue. EUR2,775

million as associated with March 31, 2016. It features a strong nationwide branch network involving 40 branches

throughout Denmark both locally and at all your significant airports. the

company operates an typical rental fleet within extra involving 6,000 vehicles

covering cars, vans as well as specialist vehicles. Most documents

relating in order to this publication will probably be available on the internet upon Europcar's

investor website

Investor Calendar

Annual General Meeting







ten Could 2017

H1 2017 Results

26 July 2017

Q3 2017 Results

9 November 2017



With Regards To Europcar Group



Europcar Team will be detailed in Euronext Paris. This

significant boost in capex mostly related to investments into the IT

infrastructure and the network and it is fully inside collection with the group

strong ambition in regards to digitalisation with the consumer journey.

Net income

Throughout Q1 2017, the actual group posted any net profit involving EUR18.6 million, compared for you to

the EUR20.1 million net loss inside Q1 2016. This specific significant improvement was

caused from the launch of your EUR45 million provision linked for the absence

of appeal next the French Antitrust Authority (ADLC) dismissal

choice in its case against the French auto rental business within February

2017.

Net debt

Corporate net credit card debt continued to decrease YoY to achieve EUR235 million as associated with

March 31, 2017 (vs. Since planne d, we have accelerated our

investments directly into our InterRent network too as in in order to the

digitalisation of our own customer journey.

We may also be pleased to announce your acquisition in our Danish

franchisee and delighted to always be able to welcome Europcar Denmark as our newest

corporate country. Real outcomes may vary

materially coming from those projected or even implied over these forward-looking

statements. together with the present management team, we aim for you to

keep the continued growth of the business also to achieve significant

synergies together with our other corporate countries.

Just 4 months after acquiring our Irish franchisee, we take but an additional

step inside our dynamic acquisition plan, which in turn not merely strengthens our

European leadership but also brings us just the little closer in order to our 2020

Ambition.

Simply By contin uing to concentrate on improving our customers' satisfaction and

implementing our strategic priorities, we demonstrate our power to

deliver solid income growth across almost all in our business units, also

being an accelerating momentum about the acquisition front. Your Europcar Lab, located in

Paris, was created to raised grasp tomorrow's mobility challenges

by means of innovation and strategic investments, for example Ubeeqo, E-Car Club

as well as Brunel.

Forward-looking statements

This kind of press launch includes forward-looking statements based on current

beliefs and also anticipations with regards to long term events. Since the result, we

confirm most of our own objectives for 2017 as well as really feel confident which our

present leverage provides regarding us ample headroom to be able to pursue our acquisition

strategy."

Almost All information throughout EURm, except if men tioned



Q1 2017



Q1 2016



Change



Alter from continuous currency*

number associated with rental times (million)



12.9



11.8



9.3%



Typical Fleet (thousand)

192.1

177.3

8.3%

Monetary Utilization rate



74.6%



73.2%



1.4pt





Total revenues

439

418

5.2%

6.6%

Rental revenues

403

388

3.9%

5.3%

Adjusted Corporate EBITDA

(6.2)

(4.7)

n.m.

n.m.

Adjusted Corporate EBITDA Margin

-1.4%

-1.1%

-0,3pt

Final twelve Months Adjusted Corporate EBITDA

252

250

1.1%

LTM Adjusted Corporate EBITDA Margin

11.6%

11.6%

0.0pt

Operating Income

41

7

Net profit/loss

19

(20)

n.m

n.m

Corporate free Money Flow

(27)

0

Corporate Net debt in end of the period

235

247

Corporate net credit card debt / EBITDA ratio

0.93x

0.99x

Q1 2017 highlights

Revenue

The Actual group generated revenues of EUR439.3 million in the 1st quarter regarding

2017, up 6.6% in continuous exchange prices in contrast with the very first quarter

regarding 2016. That has a strong client

base, involving each leisure and also B2B customers. op leases)

(B)

3,014

3,045



TOTAL NET DEBT

(A)+(B)

3,249

3,265



(a)



These types of bonds are usually outlined about the Luxembourg Stock Exchange. In an organic basis, ie from continuous exchange rates, continuous

perimeter and also excluding petrol, your Team revenues grew by simply 3.2%.

This significant boost in Team revenues was the effect regard ing solid

growth across every 1 regarding the Group's main business units using Cars growing by

4.3%, Vans & Trucks expanding by simply 4.5% and also InterRent growing with a stellar

49%.

more importantly, these sound revenue quantities had been delivered thanks to be able to

great momentum within both the actual leisure as well as corporate organizations and so are once

once more proof of the power and also robustness of the Team well balanced

business model.

The Particular variety of rental days increased to be able to 12.9 million in Q1 2017, up 9.3%

versus Q1 2016