Stuttgart, 2 September 2013 – APCOA PARKING Group, European leader in parking management, further increased and selectively developed its portfolio of locations in the first half-year of 2013. APCOA PARKING put additional 184 locations into operation, raising their total number to 7,588.
Adjusted for the effects of contract renegotiations and fluctuations in foreign currency, the turnover of APCOA PARKING Group reached 334 million EURO, or the equivalent to a growth of 5.1 million EURO (+1,6 %) in comparison with the first half of the previous year. This was particularly supported by the solid stock of existing business, contributing 5.9 million EURO of additional revenue, with major impact coming from the airport segment. Turnover from new business was quoted somewhat lighter, at -0.8 million EURO, than in the previous year.
Despite weather-related restrained business development, especially in the first quarter of 2013, operative earnings before interest, taxes, deductions and adjustments (EBITDA) of 25.5 million EURO only slightly trailed the previous year”s good results (EUR 26.8m). Earnings before interest and taxes (EBIT) reached 12.9 million EURO (EUR 14,0m in the previous year) in the first half-year of 2013.
Business in the existing portfolio proved robust as ever. The effective cost controls, intimately connected to the new corporate strategy, considerably contributed to this in all divisions of the company. The highly productive business at the European airports, as well as the convincing growth in the city parking business segment supported this development.
Ralf Bender, CEO of the APCOA PARKING Group: “In the second half of year we shall continue to concentrate on the implementation of our corporate strategy. After a so-so first half-year, we are targeting full-year operative results better than the previous year”s. The additional measures to optimize our cost-structures, implemented across the company in June, will support this objective.”
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About APCOA PARKING
APCOA PARKING Group is the leading European parking manager. More than 40 years of operational experience and innovation, the combined know-how from 12 European countries, an annual turnover of more than EUR 700 million, and a highly diversified portfolio distinguish the APCOA PARKING Group from its competitors. This business experience, quality of service and stability offered to private and public clients ensures the APCOA PARKING Group remains in the European top position. More than 30 European airports have chosen APCOA to manage their parking facilities, making the company the market leader in this segment also. The group currently manages around 1.3 million parking spaces at more than 7.500 locations throughout Europe. All car parks are managed on the basis of local know-how, individual contracts, tailor-made technical solutions and the provision of a customer-oriented service. APCOA”s international expertise and innovative experience is powered by 4.800 employees. APCOA Group headquarters are located in Stuttgart (Germany).
APCOA Parking Holdings GmbH