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PARIS–(BUSINESS WIRE)–Regulatory News:

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Europcar Advancement Group (Paris:EUCAR):

As allotment of the cost-saving and banknote canning plan to abate its costs appear on March 23rd, 2020, the Group announces that on April 13th, 2020, it has accomplished its aboriginal curve of costs 70% affirmed by the Spanish State for an bulk of €36 million. These costs lines, with a 3-year ability for its two operating subsidiaries in Spain – beneath the Europcar and Goldcar banners – are advised to consolidate the Group’s clamminess to accredit it to accommodated its agent costs needs and its accumulated needs accompanying to the impacts of the COVID-19 pandemic.

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The Group is continuing its efforts, aural the framework of the processes supervised by the Ministry of the Economy and Finance, with some of its lending banks to access added costs affirmed by the French State via the BPI. The Group has contacts of the aforementioned blazon through its adopted subsidiaries in countries area agnate abutment measures accept been deployed. The aftereffect of these initiatives will be announced at a after date.

Finally, the Group continues to arrange its plan to abate the aggregate and amount of its fleet, as able-bodied as, in particular, renegotiating some of its affairs and application fractional unemployment.

About Europcar Advancement Group

Europcar Advancement Group is a above amateur in advancement markets and listed on Euronext Paris. The mission of Europcar Advancement Group is to be the adopted “Mobility Service Company” by alms adorable alternatives to agent ownership, with a advanced ambit of mobility-related casework and solutions: car rental and ablaze bartering agent rental, bear services, car-sharing, scooter-sharing and clandestine appoint agent (PHV – rental to “Uber like” chauffeurs).

Customers’ achievement is at the affection of the Group’s mission and all of its advisers and this charge fuels the connected development of new services. Europcar Advancement Group operates through a adapted portfolio of brands affair every chump specific needs and use cases, be it for 1 hour, 1 day, 1 anniversary or best ; its 4 above brands being: Europcar® – the European baton of car rental and ablaze bartering agent rental, Goldcar® – the bargain car-rental Baton in Europe, InterRent® – ‘mid-tier’ car rental and Ubeeqo® – one of the European leaders of round-trip car-sharing (BtoB, BtoC).

Europcar Advancement Group delivers its advancement solutions common solutions through an all-encompassing arrangement in over 140 countries (including wholly endemic subsidiaries – 18 in Europe, 1 in the USA, 2 in Australia and New Zealand – completed by franchises and partners).

Further capacity accessible at: www.europcar-mobility-group.com

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