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Enterprise Holdings accelerates toward next era of mobility with diverse portfolio and growing global footprint

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7 months ago

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Millions of customers around the world use business to meet mobility needs, driving best year on record

ST. LOUIS, Oct. 11, 2023 /PRNewswire/ — Enterprise Holdings, a global leader in mobility, has strengthened its ambitions in helping shape the future of mobility with strong results across its diverse lines of business, a significant jump in international growth, and global recognition for its long-standing commitment to customers and team members over the past fiscal year.

Enterprise Holdings has an integrated global network of subsidiaries and franchisees, which collectively includes almost 9,500 fully staffed neighborhood and airport locations in more than 90 countries and territories.

The business has invested heavily in growing its international footprint and diversifying its offerings with a robust roster of mobility lines – including car rental, carsharing, truck rental, fleet management, flexible vehicle hire, retail car sales and more – to generate a record $35 billion in revenue for Enterprise Holdings and its affiliate Enterprise Fleet Management (EFM) in fiscal year 2023 (FY23).

“We are seeing more and more customers using multiple business lines to support a wide range of mobility needs across the globe,” said Enterprise Holdings President and CEO Chrissy Taylor. “As the mobility sector evolves, we will continue to invest significantly in our diverse lines of business, continue to enhance the customer experience and explore new markets to meet the growing needs of our customers.”

International Expansion and Mobility Line Growth

Solid international performance contributed to strong results, with the organization’s corporate-owned affiliates in Europe (including the U.K., France, Germany, Ireland and Spain) recording their most successful years to date.

The organization’s fleet size in Europe has also grown, up 21% year over year compared to FY22. In addition, Enterprise Holdings announced franchisee partnership agreements to expand to Chile and broke ground in three new markets, opening branches in Morocco, South Africa and South Korea.

Strong performances from Enterprise-branded business lines also contributed to record revenue in FY23. Both EFM and Car Share saw double-digit growth over the past year with Truck Rental and Car Sales increasing their footprint by adding new branch locations in FY23. Globally, the combined fleet size of Enterprise Holdings and EFM increased to more than 2.3 million vehicles.

Another reason for Enterprise Holding’s successful FY23 lies in the steady growth of its contracted business – including B2B accounts and insurance replacement, among others – which accounted for the majority of its rental days in the fiscal year.

In FY23, the businesses also increased the total global workforce by more than 10,000 to 90,000-plus employees. Enterprise Holdings was one of 57 organizations worldwide to earn the 2023 Gallup Exceptional Workplace Award (GEWA) – an accolade that spotlights the most engaged workplace cultures in the world.

Enhancing CX Through Innovation

Consistently investing to enhance customer experience has been a defining factor in the longevity and success of the business, and in FY23, several lines of business and geographies exhibited record customer-service scores from customers and partners.

The business also continues to cultivate and invest in multiple solutions and partnerships designed to enhance customer experience and drive innovation. Select highlights include:

  • An effort to help remove friction was launched around the most critical steps in the rental journey to deliver customers enhanced control, personalization and transparency.
  • Enterprise Holdings continues investing in solutions like SmartAssist™, a new SaaS offering that, along with ARMS® technology enhancements, will help partners and customers reduce friction after an accident.
  • The business continues to add connected cars to its fleet with more than 525,000 currently connected globally and a goal of connecting the full fleet of more than 2.3 million vehicles by 2026.
  • Enterprise Holdings has a long-term, comprehensive electric vehicle strategy focused on three key areas: customer experience, power and charging viability, and equitable access. In FY23, Enterprise Holdings partnered with automakers to add more EVs to its fleet, enabled customers to test drive EVs, and leveraged its fleet management leadership through its affiliate EFM to help brands like Domino’s® execute its EV strategy.
  • The business also is investing in flexible and resilient energy assets, such as Moxion’s® mobile energy storage solutions and Freewire’s® energy storage integrated fast chargers.

“We are leveraging innovation to help create flexible, customized, on-demand customer experiences,” said Taylor. “And through partnerships, we are building a robust EV infrastructure, driving connectivity and investing in new mobility solutions, which will help prepare and support customers and team members for the future.”

Supporting Partnerships and Communities

Community giving remains core to the culture at Enterprise Holdings with more than $84 million donated to charitable organizations worldwide through its operating groups and the Enterprise Holdings Foundation in FY23. 

As part of its charitable giving, Enterprise Holdings awarded more than $7 million in grants for the third consecutive year to more than 600 local nonprofit organizations – part of Enterprise’s five-year, $55 million ROAD Forward commitment to help advance social and racial equity.

To support its partners in the insurance replacement space, and to drive down the average collision-related vehicle repair time, Enterprise Holdings also announced two industry partnerships in FY23 – one with Ford Motor Company Fund and one with national multi-shop operator Crash Champions – to expand the Enterprise Holdings Foundation-funded Collision Engineering Program, now active at seven schools across the U.S.

For more information about Enterprise Holdings, visit www.ehi.com.

About Enterprise Holdings
Enterprise Holdings is a leading provider of mobility solutions including car rental, fleet management, carsharing, vanpooling, truck rental, luxury rental, retail car sales and vehicle subscription, as well as other transportation technology services and solutions, to make travel easier and more convenient for customers. Enterprise Holdings’ subsidiaries and franchisees, together with its affiliate, Enterprise Fleet Management, manage a diverse fleet of 2.3 million vehicles through an integrated network of nearly 9,500 fully staffed neighborhood and airport rental locations in more than 90 countries and territories. Privately held by the Taylor family of St. Louis, Enterprise Holdings manages the Enterprise Rent-A-Car, National Car Rental and Alamo brands.

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Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

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1 month ago

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April 5, 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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1 month ago

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April 5, 2024

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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1 month ago

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April 5, 2024

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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