OK Mobility Group closes the first seven months of 2022 with an EBIT of 33.28 million euros

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In 2021 OK Mobility España SL was the most profitable car rental company in Spain

OK Mobility Group has obtained during first seven months of 2022 a net operating result (EBIT) of 33.28 million euroswhat it means multiply by two the figure obtained during the same period of 2021. Likewise, the global mobility company has reached a EBITDA of 45.19 million eurosthat is, a 190% higher to the first seven months of past exercise.

On the other hand, from January to July, the Operating margin of the company has exceeded 70 million euros, doubling the figure obtained last year.

Precisely in 2021, OK Mobility España SL was positioned as the most profitable car rental company in Spainsurpassing all national and multinational companies in the sector, with a EBIT of 37.8 million of euros. In this regard, the CEO from OK Mobility, Othman Ktirihas shown its satisfaction with these results and has ensured that “in just 12 years In this sector, we have managed to lead the car rental market in Spain as to cost effectiveness. The scalability that characterizes our business modelto which is added our competitive spiritleads us, evidently, to look for these same milestones in more countries“.

Regarding the results achieved so far in 2022, Ktiri has stated that “precisely our disruptive business model allows us combine growth and profitability. The perfect application of our strategic plan #OKontheRoad means that we can reconcile geographical expansion, quality and profitability”.

In this sense the Chief Financial Officer from OK Mobility, Francis Munoz, has highlighted that “Thanks to that, our projection for this exercise leads us to anticipate that we could reach 100 million euros of EBITDA“.

Nowadays, OK Mobility this present in 10 European countries: Spain, Portugal, Italy, Germany, France, Greece, Malta, Croatia, Serbia and Montenegro; to which new countries will soon be added.

Contact
Contact name: OK Mobility Communication
Contact description: Communication OK Mobility
Contact phone: 971430 590

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