Avis Europe plc
Avis: 2005 results
Troubled travel company Avis, reported a sharp drop in profits for the year to December 2005. Underlying profit before tax (ie excluding exceptional charges, certain re-measurements and economic hedges) dropped to €37.8m from €52.1m last year.
Net exceptional charges (before tax) amounted to €13.2m, primarily due to restructuring costs and rights issue expenses. Certain re-measurement […]
Avis: Trading statement
Troubled travel company Avis said that underlying profit expectations for the year to December 2005 were unchanged. Good summer volumes have seen revenue in H2 increase but average revenue per day is still below last years levels, mainly due to the poor first half.
Volume growth has been experienced in the intra-European leisure market, particularly in […]
Avis: H1 results
Avis Europe announced poor earnings for the half year to June 2005. Turnover declined by 0.6% to €582m and reported pre-tax profits plunged to €7m (1H 2004: €23.8m).
High levels of competition (particularly in France, Germany and the UK) saw revenue per day drop by 2.4% leading to the overall decline in turnover. Leisure revenues […]
Avis Europe
Avis Europe runs a European car rental network. Based in the UK it has more than 2,700 franchised and fully-owned companies across Europe. Outside Europe the group has subsidiaries in Africa, the Middle East, Asia and the Carribean.
Avis’s December trading statement gave little cause for cheer, with lower than anticipated revenue growth […]
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