Stuttgart, 15 May 2013. APCOA Parking Group enjoyed a stable first operating quarter and continued with its expansion programme through 66 new locations.
By the end of March, APCOA’s portfolio of managed sites comprised 7,387 locations. Revenues totalled €161.5m, which was practically on par (-0.4 p/c) with the previous year’s first operating quarter when adjusted to consider contract renegotiations and one-off deals . New business was also instrumental in compensating for the capital short-fall resulting from the inclement weather.
Ralf Bender, CEO of APCOA Parking Group, said: “I am pleased that, despite the obvious seasonal challenges, the business is both stable and well placed to take advantage a number of new and existing growth opportunities. At the same time, we have also been able to streamline our cost-structure.
“This year, we will be implementing a new corporate strategy to support our projected growth plan of 4 per cent, after adjustments,” he added.
APCOA Parking Holdings GmbH
T: +49 711-94791-0
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 € 700 million, and a highly diversified portfolio are distinguishing APCOA PARKING Group from competitors. This business clout, quality of service and stability offered to private and public proprietors keep APCOA PARKING Group 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, too.
The group currently manages around 1.3 million parking spaces at more than 7.300 locations in Europe. All car parks are managed on the basis of local know-how, individual contracts, tailor-made technical solutions and customer-oriented services. APCOA’s international expertise and innovative clout is powered by 4.800 employees. APCOA Group headquarters are located in Stuttgart (Germany).