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Revenues grow for Enterprise Holdings

Enterprise Holdings & Car Rental Brand LogosEnterprise Holdings has reported revenues of $13.5 billion for fiscal year 2012, achieving record revenue and profitability for the third consecutive year. As the biggest and most comprehensive car hire provider in the world, the group owns and operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.

The group has the lowest debt-to-equity ratio, while it’s the only investment-grade business in the US car hire industry. It’s annual revenues place it near the top of the travel market as well – exceeding most cruise lines, tour operators, hotels, online travel agencies and many airlines. The company doesn’t disclose net income as a privately held business.

The leadership and financial stability that Enterprise Holdings has in the industry continued empowering its expansion around the world during fiscal year 2012. It bought French Citer SA and Spanish Atesa – both of which are car rental subsidiaries from PSA Peugeot Citroën. Plus, the group entered the car hire market in Brazil and Uruguay through the franchising of its National Car Rental and Alamo Rent A Car brands. It also made a strategic investment in eHi Auto Services, a car rental company based in China. The group has a presence in 38 nations around the world – a network that includes 7,400 corporate-owned branches and franchise stores in the Americas and Asia Pacific region.

Enterprise Holdings president and chief operating officer Pam Nicholson was just named by Fortune magazine as one of America’s 50 Most Powerful Women in Business. This is the sixth year in a row that she has been named in the list. She says that no other car hire company can match their financial strength, size and scope of operations, or ability to offer a complete transport solution.

Chairman and chief executive Andrew C. Taylor said that the continued strength of their Enterprise Rent-A-Car brand and successful integration of the National Car Rental and Alamo Rent A Car brands at airports have increased the group’s ability to expand their reach and serve new markets. This year’s performance, once again, is a tribute to their workforce – whose unwavering focus on exceptional customer service continues to reward the business with loyal customers, a healthy bottom line and solid growth.

Enterprise Holdings also continues its active role in addressing major transport issues, like emerging automobile technologies, emissions standards, fuel efficiency and alternative fuels. The group also has a close partnership with organisations like the Transportation Sustainability Research Center, the National League of Cities’ Sustainable Cities Institute, the Department of Energy’s Celan Cities scheme and the Electrification Coalition. It has provided over $16.4 million in grants over fiscal year 2012 through the Enterprise Holdings Foundation. About 80% of these were given to fulfill staff requests to support local organisations in their communities. The workforce was actually the 13th biggest corporate campaign contributors for the United Way.

Taylor said in a keynote speech that their sustainability strategy isn’t limited to just vehicles. They operate their business in ways that take the concept of sustainability further by helping people and communities, driving improvements in the environment and enhancing the value chain of cars. A cross-functional taskforce drives sustainability cuts across the entire company – from philanthropic support to reducing energy consumption. Over time, their traditional ties are strengthened with the local communities they serve through these long-term initiatives, which also prepare them for new business partners and worldwide opportunities in the future.

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