Toosla announced on Tuesday evening that it had secured its fleet plan for 2024, a roadmap that will give pride of place to six powerful brands, namely Audi, BMW, Mercedes, Mini, Peugeot and Tesla.

The short-term car rental specialist says that the models selected will enable it to optimize average revenue per vehicle throughout the year.

By focusing on the brands and models most desired by customers, Toosla says it is giving itself the means to achieve its sales target of 12 million euros by 2024, compared with less than eight million in 2022.

The company is also aiming to improve its profitability this year, with a forecast adjusted Ebitda of over 12% in 2024, compared with 7% in 2022.

In addition to adjusting its fleet, the company also plans to overhaul its website and offer greater vehicle accessibility by extending its delivery and collection service to Orly and Roissy-CDG airports.

In its press release, Toosla adds that the proportion of clean vehicles in its fleet should rise to around 40% later this year, compared with 30% at present.

The company explains that it intends to offer a selection of clean vehicles (hybrids, plug-in hybrids and electrics) in order to gradually support consumers' transition to these powertrains, but "without rushing them".

Following these announcements, Toosla's share price lost over 5% on the Paris Bourse on Wednesday, after having gained nearly 15% in the course of the morning. The share price is down 74% over the past 12 months.

Copyright (c) 2024 CercleFinance.com. All rights reserved.