Turnover: 5.4 billion EUR (2020)

Country: United States

Avis was founded in 1946 and acquired Budget in 2002, becoming Avis Budget Group. In 2017, the Avis brand accounted for 58% of Group sales and Budget for 33%. In total, the Group has over 11,000 branches worldwide, including more than 700 in France (Avis and Budget combined). While the Avis brand is more focused on high-end vehicles, the Budget brand specializes in entry-level vehicles. Worldwide sales totaled 7.9 billion euros in 2017.

In France, the company ranks3rd in terms of sales in the short-term rental sector, with a total of 311 million euros for 2016.

In January 2013, the group acquired car-sharing start-up ZipCar, and also offers medium-term monthly rentals, renewable indefinitely, with its Avis Flex product.

february 22, 2021 - Avis Budget tries to keep its head above water - source(Automobile Entreprise)

  • Group limits net losses to $684 million thanks to drastic savings plan
  • Global sales of $5.4 billion in 2020 (down 41% on last year)
  • Direct consequence of station and airport closures
  • 250,000 vehicles resold at a profit in 2020 to limit breakage
  • 2021 is still uncertain, Avis Budget is not getting ahead of itself yet
  • historic 2020 in terms of Ebitda margin (74 million in the fourth quarter), the highest ever for a sales figure that has never fallen so much (down 37% over the same period)

Financial Data

DUNS: 652023961

Legal Name: AVIS LOCATION DE VOITURES

Address: 1 RUE DU GENERAL LECLERC IMMEUBLE LINEA, 92800 PUTEAUX

Number of employees: Entre 500 et 999 salariés (2020)

Capital: 2 000 000 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 195 553 887 152 971 581 317 457 562 311 174 160 301 668 412 311 218 256 326 053 319
Gross margin (€) 228 583 747 199 809 124 357 875 916 344 693 710 332 956 395 335 889 084 346 914 441
EBITDA (€) -1 356 575 -34 932 548 -17 403 040 -42 177 369 -21 689 121 -18 986 060 -11 661 829
Operating profit (€) -3 803 391 -33 036 078 -16 401 518 -36 268 174 -16 385 089 -21 114 390 -19 178 698
Net profit (€) -18 049 190 -41 397 042 -4 967 784 -36 760 352 -19 652 189 -22 240 496 -28 062 934
Turnover growth rate (%) 27,8 -51,8 2 3,2 -3,1 -4,5 -
Ebitda margin rate (%) -0,7 -22,8 -5,5 -13,6 -7,2 -6,1 -3,6
Operating margin rate (%) -1,9 -21,6 -5,2 -11,7 -5,4 -6,8 -5,9
Working Capital (turnover days) -9,2 -186,6 -151,1 -70,2 -127,1 -178,7 -70,6
Working Capital requirements (turnover days) -84,6 -113,1 -58,8 -67,2 -117,3 -81,1 -59,5
Net margin (%) -9,2 -27,1 -1,6 -11,8 -6,5 -7,1 -8,6
Added value / Turnover (%) 22 2,3 19,2 14,9 21 22,9 21,8
Wages and social charges (€) 42 422 150 42 392 230 63 315 519 63 657 768 63 923 371 65 121 600 62 403 361
Salaries / Turnover (%) 21,7 27,7 19,9 20,5 21,2 20,9 19,1

Company Managers:

Position First Name Last Name Age Linkedin
Président Laurent SCULIER 55
Directeur général Paul FORD 54

Studies mentioning this company

The car rental market - France

Other companies mentioned:

  • Europcar
  • Hertz
  • Avis Budget Group
  • Sixt
  • Ouicar
  • Citiz
  • Ubeeqo
  • Enterprise holdings
  • Ucar
  • DriiveMe
  • Drivalia
  • Virtuo
  • Getaround (Ex drivy)
  • Rent a Car
  • Hitech Software
The car rental market - Portugal

Other companies mentioned:

  • Europcar
  • Hertz
  • Avis Budget Group
  • Sixt
  • Ouicar