Friday, March 01, 2019

Expansion of transport applications drives the car rental agencies

With the prospect of maintaining levels of informal employment in the short and medium term, the individual transport applications should continue gaining relevance in the business of car rental companies. The industry also expects the corporate demand recovery. " The drivers application segment is part of a transformation that the rental market is going through. Help us and encourages potential clients to open hand car ownership, "said the INN the Chief Financial Officer (CFO) of Moved, Edmar Lopes. The company reported this Wednesday (27) R $159.8 million net profit in fiscal year 2018, 143.2% increase in about 2017. "We had a 2.5 times higher than in the previous year, is a relevant breakthrough", says the Executive. In 2018, the Moved invested more than R $1 billion, including the acquisition of about 56000 cars. "Every year, we renew our fleet of eye on the growth of the company," explains Lee. He says that, considering the number of vehicles sold, the company increased your fleet in almost 20000 cars. Last week, the Finds unveiled annual results, with net profits of R $659.2 million. In November, the company has created a unique service to drivers. "It's still very new, but we have seen promising results. Is a segment that has great growth potential, "said in the Conference call Chief Financial Officer (CFO) of Finds, Mauricio Teixeira last week. In the view of analysts, the advancement of transport applications segment is directly related to the country's economic moment. A survey by the Brazilian Institute of geography and statistics (IBGE) announced on Wednesday also shows that the unemployment rate went back up and stayed at 12% in the quarter closed mobile in January, up from 11.7% recorded for the period ended Oct. Already the category of self-employed grew 1.2% in comparison with the previous quarter (23.9 million people), which means an increase of 291,000 people in this contingent. "Most of the jobs generated in Brazil in recent months is informal," the Coordinator of the Instituto Mauá de Tecnologia (IMT), Ricardo Balistiero, he points out that the country's economy has yet to give an answer in generating jobs and that there is no prospect of advancement in this direction in the short term. "In a crisis, the job is the first to feel and, on resumption, the last to react. Even if you pass the pension reform, the immediate impact is to stop the deficit. Nothing indicates that we will have a level below 10% this year. " Other areas Lee points out that, despite the expansion of applications for drivers, the focus of the Moved remains the natural person. "The applications are part of this sector's growth, but we seek to grow in the channels where the highest profitability. Our focus is on the individual, especially in high season. The Executive also expects that, in the face of a more favourable economic environment, there might be a recovery in the corporate category. "It was an area that suffered a lot during the crisis. But we're already seeing good results at the beginning of this year. " The Moved also intends to develop the offer of electric bicycles and three-wheeled scooters (trikkes). "We're investing in technology focused on micromobilidade. It will not be our primary business, but is an important complement ", points out Lee.
DCI - 28/02/2019 News Item translated automatically
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