15 March 2022 - trading update

The company has announced a trading update for the year ended 30 April 2022, ahead of results for the year being released in July.  Group trading is ahead of expectations, driven by a strong performance across the business.  Rental margin to the end of February was 15.8% in the UK & Ireland and 17.5% in Spain.  As anticipated, the company has continued to de-fleet a lower number of vehicles due to rental demand and new vehicle supply constraints with used vehicle market values staying strong.  Vehicle supply constraints are expected to continue . . .

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