Europcar has seen its adjusted earnings before taxes improve 18.1% in first quarter 2013 against a 2.5% drop in revenue.
The car hire company results come after a reorganisation and since commercial activity which included the launch of its low-cost brand InterRent.
Its leisure bookings continued to grow in Q1 compared to the same period last year while corporate levels dipped.
“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,” said said Roland Keppler, CEO of Europcar.
“Europcar is increasingly well positioned to consolidate its results and to capture the long-term growth perspectives of the mobility markets,” he added.