11.04.2016 - Hertz Global Holdings sees weak revenue

The company Hertz Global Holdings announced that expects growth in revenue from car rental business decline against the backdrop of weak demand for the company's services. The reason for such predictions is oversupply in the market. Despite this, the company is optimistic about the future periods. In the summer demand traditionally rises. In the first quarter, the company expects revenue to decline by 2.5-3.5%, while the figure for the year will decline by 0,0-1,5%. We forecast a decline in shares of the company by 12-15% in the coming months.

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