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Excluding PSA influence, Rental income underneath banners secure in comparison with 2018
Rental income underneath banners down 22%, impacted by the tip of the partnership with PSA
Acceleration of the Group's Transformation and Digitization
BOULOGNE-BILLANCOURT, France, February 27, 2020 / PRNewswire / –
|
In Okay € |
2019 |
2018 |
Var. |
|
Consolidated turnover |
35,184 |
44,279 |
-20.5% |
|
together with CA Rental and Community Providers |
22,271 |
27,069 |
-17.7% |
|
CA Location |
15,291 |
16,967 |
-9.9% |
|
CA Community Providers |
6,980 |
10 102 |
-30.9% |
|
of which turnover of auto gross sales * |
12,913 |
17 210 |
-25.zero% |
|
Turnover underneath banners |
71,184 |
92,859 |
-23.three% |
|
of which CA Rental underneath banners |
51,291 |
65,547 |
-21.7% |
* Automobile gross sales turnover is turnover made within the context of supplying the community, a safe exercise (commitments to take over from producers) and really low margin.
Unaudited figures at December 31, 2019.
The UCAR Group recorded consolidated revenues of € 35.2 million at December 31, 2019, reflecting on the one hand an 18% drop in Rental and Community Providers turnover, and however a drop in Gross sales turnover 25% automobiles.
The 2019 turnover is impacted by:
- The top of December 31, 2018 of the short-term rental program developed for the Opel, DS and Citroën manufacturers. The influence on the 2019 turnover of this finish of partnership quantities to five.7 M € on the consolidated Group turnover and 14.1 M € on the Rental underneath banners.
- The 25% drop in automobile gross sales is defined by the drop in automobile provides made in 2019 from the franchised community.
Excluding the influence of the tip of the PSA contract and automobile gross sales, the group's consolidated gross sales grew by 2.5%.
Excluding the influence of the tip of the PSA contract, the Rental underneath banners remained secure in comparison with 2018.
On the finish of December 2019, the Group had 386 branches in comparison with 471 branches at December 31, 2018.
The top of the contract with PSA resulted within the lack of 216 Lease businesses at 1st January 2019, greater than half of which was offset by the opening of 131 rental factors in 2019.
UCAR promotes entry to a brand new, much less polluting automobile accessible to the best quantity
The UCAR provide is diversifying and is now primarily based on three pillars: RENT / BUY / SHARE
After a promising begin in carsharing because of the repo provide of personal automobiles, permitting house owners to entrust their vehicles to businesses of the UCAR community in order that they’ll rent them, in 2019, UCAR has taken a decisive step by opening up entry to possession of a brand new, clear automobile accessible to everybody.
UCAR now affords an LOA automobile providing which, mixed with the UCAR sharing bonus and sharing revenues, permits its prospects to optimize their car price range. Because of sharing, this price range is diminished by 50% from four days of rental per 30 days, the proprietor may even make a revenue on his automobile past seven to eleven days of sharing per 30 days.
UCAR subsequently responds, in a concrete method, to the three main challenges of our societies:
environmental
- By halving car air pollution, by permitting everybody to drive in new vehicles
- By decreasing the area taken by the auto on public area and roads
Financial
- By growing the buying energy of motorists by halving family car budgets
- By making the automobile a productive asset, with none neighborhood effort
social
- By providing mobility options to remoted populations
- By creating jobs and social ties
All the small print of the provide can be found on the web site https://ucar2share.com.
New business settlement with the PSA Group
Within the second half of 2019, the UCAR Group introduced the signing of a business settlement on B2B exercise with the PSA Group and its Free2Move Lease service.
The 400 Free2Move Lease short-term rental businesses of the PSA community (previously Peugeot Lease, Citroën Lease, Opel Lease and DS Lease) shall be supplied the chance to affix the UCAR Key Accounts program in 2020.
UCAR will thus have the ability to rapidly provide its giant account prospects one of many largest rental networks in France.
Partnership with BMW France
Within the second half of 2019, the UCAR Group introduced the signing of a partnership with BMW France to develop its short-term rental provide on the nationwide territory.
Originally of 2020, UCAR will arrange the short-term rental provide on 5 pilot websites. On the finish of this pilot section, the deployment shall be prolonged to all the BMW and MINI community in France.
Outlook: Acceleration of the Group's transformation and digitalization
Over 2020, developments and investments will speed up:
- Growth of the bodily distribution community:
– The event of the UCAR model franchisee community, the true spearhead of the Group when it comes to innovation, stays a precedence goal.
– Deployment and growth of latest partnerships with producers and distribution teams.
- Growth of the digital exercise:
– Enhance in investments on technological and digital platforms.
– Creation of a digital advertising construction with the arrival on the finish of 2019 of Marie Laloy.
– Deployment of native advertising and CRM instruments.
– Growth of latest providers launched in 2019 round automobile sharing for people.
The UCAR Group's 2019 outcomes, which shall be printed on April 28, 2020, will keep in mind the quite a few investments made in 2019 in an effort to speed up the Group's digitization and launch new car-sharing affords.
Subsequent assembly
April 28, 2020 Publication of 2019 outcomes
About UCAR MOBILITY GROUP
Based in 2000, UCAR is a mobility specialist, with each the UCAR model and the white label, positioned to reply to new modes of car consumption. Confronted with altering city existence, declining buying energy, and rising ecological consciousness, UCAR's progressive provide is predicated on:
- Clear costs and low costs all yr spherical by means of native networks.
- An unique digital provide permitting as many individuals as attainable to entry new automobiles because of sharing revenues.
UCAR has nearly 100 direct staff and 400 folks working throughout all networks (franchisees and franchisees). The Group is current in France with 386 branches and a fleet of almost 7,000 automobiles. In 2019, the enterprise quantity underneath the UCAR banner and related networks was € 71 million.
UCAR has been listed on Euronext Development Paris (FR 0011070457 – ALUCR) since July 6, 2011.
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