OK Mobility Group doubles its operating profits

OK Mobility Group During the first seven months of 2022, it has obtained a net operating profit (EBIT) of 33.28 million euros, a figure that doubles the operating profits achieved during the same period of 2021. Likewise, the global mobility company has reported a profit gross operating income (EBITDA) of 45.19 million euros, 190% higher than the equivalent period of the previous year.

On the other hand, from January to July, the company’s operating margin has exceeded 70 million euros, also double that of last year.

“Precisely, in 2021, OK Mobility Spain positioned itself as the most profitable vehicle rental company in Spain, surpassing all national and multinational companies in the sector, with an EBIT of 37.8 million euros,” the company said in s results report

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The CEO of OK Mobility, Othman Ktiristated: “In just 12 years in this sector, we have managed to lead the car rental market in Spain in terms of profitability. The scalability that characterizes our business model leads us to seek these same milestones in more countries” .

More about OK Mobility Group:

Othman Ktiri assumes as president of the Balearic rent-a-car association

OK Mobility enters Montenegro and Serbia

OK Mobility debuts in the Canary Islands landing on two islands

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

OK Mobility is currently present in 10 European countries: Spain, Portugal, Italy, Germany, France, Greece, Malta, Croatia, Serbia and Montenegro, to which new markets will soon be added

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