Localiza Rent a Car: Revenue up 32% but net loss driven by higher depreciation; fleet rejuvenation and margin recovery underway

About this update from Localiza Rent A Car Sa

Second quarter 2024 saw strong revenue growth but a net loss due to higher depreciation and impairment, as the company accelerated fleet rejuvenation and adjusted to market normalization. Guidance anticipates margin and ROIC spread normalization by late 2025, with continued expansion in used car sales and operational efficiency initiatives.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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