Already 3,470 people have seen this company's branding and they are being followed by 15 Storybook user.In average the company has been rated 4.5 points but has not been commented.

's activity report 2022

AS APR-Rent's main activity is short- and long-term vehicle rental and vehicle sales.

The company has represented the Hertz brand since 09/07/1999 under a franchise agreement. AS APR-Rent has been part of UAB Autolux since 2020. UAB Autolux owns the Hertz franchise in Estonia, Latvia, and Lithuania.

In 2022, the amount of short-term rental increased significantly and exceeded the pre-Covid-19 pandemic 2019 results.

The company focused more on service quality, customer satisfaction, and purchased vehicles with higher equipment levels. The company offered long-term rental services to local customers. Two contracts were signed with NATO allied forces - Danish and US battle groups.

In 2023, AS APR-Rent will pay great attention to revenue growth, considering possible geopolitical risks and challenges in vehicle procurement and the associated interest rates. The company will actively start offering full-service leasing services. Investments will be made in expanding the full-service leasing department, training the team, and developing a strategy for taking a strategic role.

Management and employees

During the reporting year, the company's management consisted of one member. The average number of employees during the reporting year, adjusted for full-time work, was six and the total salary cost paid to employees, including social tax, was 239,512 euros.

There were no fees for the management and higher management bodies during the reporting year.

Financial ratios 2022

Proportion of current assets in the balance sheet 77.78% 77.6491

Equity ratio in the balance sheet 80.98% 74.04%

Leverage ratio (liabilities/assets) 0.19 0.26

Business profitability (business profit/sales revenue x 100) 15.65% 18.56%

Net profitability (net profit/sales revenue x 100) 15.60% 18.02%

Mantas Narkevicius

Management

Hertz I Lithuania I Latvia I Estonia I