The parent company increased its profit by 54% to 177.6 million euros
Northgate Spain has presented its results for the past fiscal year, in which it achieved an earnings before interest and taxes (Ebit) of 51.7 million, which is 37% more than in the previous year. The company invoiced 260 million euros in Spain, 13% more than the previous period.
During this period, Northgate Spain experienced a 11.4% growth in fleet rental, with a total of 52,000 vehicles rented, a “very positive” figure given that the total rental fleet grew by 8.4% over the same period according to the Spanish Vehicle Rental Association (AER). Likewise, the number of corporate customers has increased by 18%.
Redde Northgate, for its part, made a profit before interest and tax of 151.3 million pounds (177.6 million euros), 54% more than in the previous year.
Source: La Verdad
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