Enhanced Structural Growth for Starcar Europa Service Group
Starcar Europa Service Group Thrives Amidst Challenging Market Conditions
In a statement, Jens E. Hilgerloh, CEO of Starcar Europa Service Group, announced that the company not only maintained its position but also expanded it in a challenging market environment. The company's success, according to Hilgerloh, is no accident, and the results indicate they are on the right track.
Starcar Europa Service Group, with its core brands Starcar and Europa Service, is present at over 1,500 locations across Europe. The group operates in 8 European countries, although the specific names of these countries are not explicitly listed.
Internal optimizations led to significant cost savings for the company. Moreover, Starcar Europa Service Group is growing with a clear line and an integrative approach that involves all business areas. Digital solutions are being invested in to create added value for customers and internal processes.
The group's digital efforts include the integration of the "AirPlus" payment solution into its operations and the addition of 30 digital rental stations to its traditional branch network during the past fiscal year. Online bookings with Starcar Europa Service Group increased by more than 20 percent.
Despite these digitalization efforts, Starcar Europa Service Group remains personally reachable for customers. The corporate website of the company was relaunched, and the group opened its 100th nationwide location in Flensburg during the past fiscal year. The company also expanded its presence at airports in Cologne/Bonn and Hamburg.
For the 2024 fiscal year, Starcar Europa Service Group posted a revenue increase of 510.65 million euros, up from 341.73 million the previous year. However, the EBITDA for the same period was 26.27 million euros, slightly below the previous year's figure. The return on equity remained stable at 20 percent for the 2024 fiscal year.
Hilgerloh emphasized the importance of the closer integration of the company's business segments to its success. The strategic integration of these segments is now bearing fruit and making the company robust. The group has switched fully to cashless payments, reflecting its commitment to modernization.
In conclusion, Starcar Europa Service Group has demonstrated resilience and growth in a challenging market, thanks to internal optimizations, digital investments, and strategic business segment integrations. The company continues to expand its presence across Europe, offering personal service alongside its digital solutions.
