TOOSLA: Toosla sets out to conquer the national market with the launch of its offer in Lyon – 05/16/2024 at 6:00 p.m.

May 16, 2024 – Toosla (ISIN code: FR00140062B9 – mnemonic code: ALTOO), digital player in short-term car rental, announces its national deployment with the opening of its service in Lyon. This strategic expansion is part of the 2024 roadmap for profitable growth and will be carried out through a strategic partnership with the company Easymove and co, an established player in short-term rentals in Lyon.

A success now established in Paris

Since its launch in Paris in 2016, Toosla has enjoyed spectacular success. Its disruptive model, based on more desirable and more sustainable mobility, has won over users with its simplicity and flexibility. Toosla has been able to meet the needs of demanding travelers and city dwellers who have abandoned the everyday car by offering a 100% digital offer, available 24/7.

Building on this success, Toosla joined the prestigious ranking of French Growth Champions produced by Statista and published by Les Echos, thanks to a 4-fold increase in its turnover over the period 2019-2022, making it the the most efficient French rental company.

The Company also exceeded its adjusted Ebitda target

[1]

at more than 7% on 2

^n/a

half-year 2023 (9.2%) and raised its ambition for the year 2024 to 13.5%.

A new chapter in Lyon

To continue this success story, Lyon, the second largest city in France with 1.7 million inhabitants and second largest tourist city with nearly 5 million overnight stays per year, emerged as the natural choice when embarking on this first expansion. national mobility offer in Toosla.

Thanks to this new station located at the Gare de Lyon Part Dieu, located in the city center of Lyon, Toosla will be able to support its Parisian customers and future Lyon customers during their TGV travel between Paris and Lyon as part of a transport multimodal while developing a local clientele increasingly open to the use of soft mobility. Indeed, the city’s policy in favor of more sustainable mobility is gradually pushing motorists to abandon having a car all year round in favor of renting according to their real needs.

Easymove and co, a key partner

Faithful to its stated desire to place its national deployment within the framework of a virtuous economic model, Toosla has chosen to partner with Easymove and co, a short-term rental player already well established in Lyon and throughout France. whole, within the framework of a strategic partnership agreement.

For Toosla and the platform’s customers, the choice of Easymove and co makes it possible to ensure from the launch a fleet of several dozen vehicles operated by an expert in the sector, without investment in new vehicles.

For Easymove and co, the alliance with Toosla makes it possible to optimize the operation of its fleet by benefiting from the strength of the brand, the efficiency of the Toosla mobility platform and the virtues of a model without an agency and without additional fixed costs.

A seamless experience

From today, Toosla customers can reserve a vehicle at the Lyon Part Dieu TGV station and benefit from the full user experience as is already the case in Paris. The choice of vehicle, availability, options and price directly from the application accessible on smartphone, tablet or computer (PC or Mac).

Toosla is already studying future additional deployments and lists this new initiative as a positive contributor to confirm the 2024 objectives for turnover (€12 million) and profitability (13.5% Ebitda margin) readjusted upwards on the occasion of the publication of the 2023 annual results.

Next meetings:

webinar, Thursday May 23, 2024 at 5:30 p.m. (registration link)

turnover of 1

^er

half-year 2024, Thursday July 25, 2024 (after trading)

Find all of Toosla’s financial information on:

www.toosla-bourse.com

Contacts

[1]

Excluding leasing transfer proceeds

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