Europcar Group chief executive Caroline Parot said the growth in revenues had helped drive a 4.6% increase in adjusted corporate EBITDA to €264 million.
She added: "We delivered a strong performance in 2017 both in terms of revenue and Adjusted Corporate EBITDA growth in a challenging context relating to the closing of several sizable acquisitions and the unexpected litigation issue in the UK.
"2017 has been a pivotal year for the Europcar Group during which we have significantly scaled up through an acceleration in our M&A plan.
"The acquisitions of Buchbinder and Goldcar are transformational for the group and will help us deliver our 2020 Ambition while they clearly confirm the role we want to play in our industry’s European consolidation process.
"2017 will be remembered as a year during which Europcar took a significant step towards its Ambition 2020 and we remain confident in our ability to reach at least €3 billion of annual revenue and an adjusted corporate EBITDA margin of at least 14% excluding new mobility by the end of 2020.
"After an intense year on the acquisition front, we are now fully dedicated on integrating the newly acquired companies, delivering the expected synergies, and continuing to work on the digitalization of our customer journey, the development of our footprint and the pursuit of our operational excellence.
"We are looking forward to accelerating the group’s digital transformation in order to successfully position the Europcar Group in the Mobility ecosystem which is expected to offer double digit growth prospects by 2025.”
