APCOA PARKING Group in talks on refinancing

https://www.apcoa.com/press/press-releases/article/apcoa-parking-group-in-talks-on-refinancing/

Stuttgart, 20 September 2013 - APCOA PARKING Group, the European leader in parking management, will enter into talks with its lenders on the refinancing of its debt maturing in April 2014.

Stuttgart, 20 September 2013 - APCOA PARKING Group, the European leader in parking management, will enter into talks with its lenders on the refinancing of its debt maturing in April 2014. APCOA PARKING aims at reaching an agreement by the end of the year considering its good performance over the last three years and the solid growth rates of the European market of parking management of 5 to 7 percent per year.

Under CEO Ralf Bender, the management team of APCOA PARKING Group improved its EBITDA from 51 million Euro in 2010 to 66 million Euro in 2012. In the last two years APCOA PARKING successfully streamlined its contract portfolio. The company improved its operating model, implemented tight cost controls and won new profitable contracts as a result of a selective and dynamic sales policy.

Consequently, in 2013 APCOA PARKING put 184 additional locations into operation, raising their total number to 7,588. Recent successes include continued leadership on the Norwegian airport parking market after the renewal of a major contract with airport operator AVINOR comprising five airports. In Germany the company significantly increased its contract portfolio of “Park&Control” parking surveillance from 9 to 41 contracts.

Press contact: 
APCOA PARKING Holdings GmbH
Tilman Kube
Flughafenstr. 34
70624 Stuttgart-Airport
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 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).
www.apcoa.com

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