Enterprise Holdings Announces Record Profitability, Fiscal 2012
Highlights and Updated Sustainability Report
ST. LOUIS, MO -- (Marketwire) -- 10/26/12 -- Enterprise Holdings --
which owns and operates Enterprise Rent-A-Car, National Car Rental
and Alamo Rent A Car -- provided highlights of its 2012 fiscal year,
including an updated Corporate Sustainability Report. Generating
$13.5 billion in revenue during fiscal year 2012, Enterprise Holdings
achieved record revenue and profitability for the third year in a row
as the largest, most comprehensive car rental company in the world.
"The continued strength of our unsurpassed Enterprise Rent-A-Car
brand and the successful integration of the National and Alamo brands
at the airport have fueled our ability to extend our reach and serve
customers in new markets," said Chairman and Chief Executive Officer
Andrew C. Taylor. "Our performance this past year is, once again, a
tribute to our employees. Their unwavering focus on providing
consistently exceptional service continues to reward our business
with loyal customers, solid growth and a healthy bottom line."
Enterprise Holdings is privately held by the Taylor family of St.
Louis, who also owns Enterprise Fleet Management, the market leader
in fleet management services to medium and small commercial fleets.
Together, the two companies accounted for more than $15 billion in
revenues this past fiscal year, or 6 percent in year-over-year
combined revenue growth. They also accounted for:
-- Total worldwide assets: $27.3 billion, an increase of $3.8 billion
from a year ago
-- Global fleet: more than 1.2 million cars/trucks, the largest fleet of
passenger vehicles in the world
-- Sales of used vehicles: more than 64,000 directly to consumers through
the company's retail car sales division, now operating more than 130
car sales locations across the country
-- Corporate travel revenues: more than $2.5 billion
Enterprise Holdings has the lowest debt-to-equity ratio and is the only
investment-grade company in the U.S. car rental industry. In
addition, Enterprise Holdings' annual revenues place it near the top
of the travel industry, exceeding many airlines and most cruise
lines, hotels, tour operators and online travel agencies. As a
y held business, Enterprise Holdings does not disclose net
"No other car rental provider can match our financial strength, the
size and scope of our operations, or our ability to offer a total
transportation solution," said Enterprise Holdings' President and
Chief Operating Officer Pam Nicholson, who was just named for the
sixth consecutive year to Fortune magazine's list of America's 50
Most Powerful Women in Business.
Enterprise Holdings' industry leadership and financial stability, as
well as its hallmark focus on customer service, continued to empower
its expansion throughout the world during fiscal 2012. The company
acquired PSA Peugeot Citroen's car rental subsidiary, Citer SA in
France, and its Spanish subsidiary, Atesa. In addition, Enterprise
Holdings entered the Brazilian market with a franchise agreement
enabling Sao Paulo-based Unidas to feature the Alamo Rent A Car and
National Car Rental brands. The parent company of Enterprise Holdings
also made a strategic investment in China-based eHi Auto Services.
Today, Enterprise Holdings has a presence in 38 countries worldwide,
including 7,400 corporate-owned locations and a franchise network
throughout the Americas and in Asia Pacific.
Thanks to the size and reach of its
network, Enterprise is in a unique position to introduce millions of
drivers to new fuel alternatives and vehicle technologies. For
instance, earlier this year Enterprise announced the Driving Futures
Network, consisting of Enterprise Rent-A-Car branches designed to
make electric vehicles and hybrids more accessible and convenient for
customers. In addition, Enterprise's automated car sharing continued
to expand in municipalities, on military bases, and on corporate and
college campuses during the past fiscal year. The company also
acquired car-sharing programs in Philadelphia, New York and Boston,
and quickly updated and increased those local fleets with newer makes
and models, including electric vehicles and hybrids.
As noted in the 2012 Enterprise Holdings sustainability report, the
company continues to play an active role in addressing such major
transportation issues as alternative fuels, emerging automotive
technologies, fuel efficiency and emission standards. "However, our
sustainability strategy isn't limited to automobiles," said Taylor, a
keynote speaker at the Corporate Eco Forum's 2012 annual meeting and
a member of the Donald Danforth Plant Science Center's corporate
sustainability panel discussion this summer.
The company's efforts also include working in close partnership with
organizations such as the National League of Cities' Sustainable
Cities Institute, the Transportation Sustainability Research Center,
the Electrification Coalition and the Department of Energy's "Clean
Cities" initiative. "We operate our business in ways that take the
sustainability concept further, driving environmental improvements,
enhancing the automotive value chain, and helping people and
communities move forward," Taylor explained. "Driven by a
cross-functional task force, sustainability cuts across every aspect
of our company, from reducing energy use to philanthropic support."
For example, the Enterprise Foundation provided more than $16.4
million in grants during fiscal 2012. Approximately 80 percent of the
giving went to fulfill employee requests to support local community
organizations. Enterprise Holdings employees -- supported by
corporate matching funds from the company Foundation -- were the 13th
largest corporate campaign contributors to the United Way in North
"All of these long-term initiatives add up," Taylor concluded, "and,
over time, they strengthen our traditional ties to the local
communities we already serve, as well as prepare us for global
opportunities and new business partners in the future."
About Enterprise Holdings
Founded in 1957, Enterprise Holdings is the most comprehensive
service provider in the car rental industry, operating, through its
regional subsidiaries, the Alamo Rent A Car and National Car Rental
brands as well as its flagship Enterprise Rent-A-Car brand in North
America. Enterprise Holdings has a presence in 38 countries,
including 7,400 corporate-owned locations in the U.S., Canada, the
UK, Germany, Ireland, France and Spain, and a franchise network
throughout the Americas and in Asia Pacific, including Guam, Korea,
Philippines, Saipan, Singapore and Thailand. Alamo, Enterprise and
National -- which swept Executive Travel magazine's 2011 "Leading
Edge Awards" for the top three car rental brands in the travel
industry -- collectively lead with more than one-third of all airport
business in the United States and Canada. Enterprise Holdings and its
affiliates offer business and retail customers a total transportation
solution, which includes hourly rental, car leasing, Enterprise
CarShare and Enterprise Rideshare vanpooling programs, as well as the
Enterprise Car Sales, Enterprise Commercial Trucks and Enterprise
Fleet Management business lines. For more information about St.
Louis-based Enterprise Holdings, visit www.enterpriseholdings.com.
For more information about Enterprise Holdings' Corporate
Sustainability Report or the company's environmental stewardship and
long-term commitment to the sustainability of its business, visit
www.DrivingFutures.com and follow @LeeBroughton on Twitter. This news
release and other announcements are available at the Enterprise
Holdings press room.
For more information, contact:
Press spacebar to pause and continue. Press esc to stop.