Stuttgart, 27 August 2014 – APCOA PARKING Group, the leading European parking manager, ended the first semester of 2014 with an altogether stable performance, and signed new contracts. Both sales and funds from operations in H1 softened slightly year on year.
APCOA PARKING Group achieved consolidated revenues in an amount of 325 million euros during the first six months of 2014. When adjusted for currency effects, this implies a modest decline by 0.9 million euros compared to the first semester of 2013.
The operative earnings before interest, taxes, depreciation, and amortisation (EBITDA) and before refinancing costs totalled 21.6 million euros by the end of H1 2014. When adjusted for currency effects and one-off effects, the funds from operations showed an analogous year-on-year decline by 0.9 million euros.
In addition to the consistently robust portfolio business, the company signed new contracts in Germany, the United Kingdom, and the Netherlands. In Germany, the relatively new business segment of car park surveillance called “Park&Control” crossed the mark of 100 locations under management. The same service was introduced for property owners on the Dutch market.
In Norway, the company's e-solutions division took over another two pre-booking platforms for the international airports of Oslo and Sandefjord during the first semester of 2014. Following the introduction of five booking platforms in just six months, APCOA PARKING Group established its leadership in the area of e-solutions in terms of performativity, business intelligence, as well as income and revenue management for airports.
In the United Kingdom, the company's market leadership in railway station parking was expanded in 2014 to date. Cooperating closely with a certain railway company, APCOA will improve the company's parking facilities by introducing new technology. This includes automated license plate recognition in 13 railway stations.
In accordance with the corporate strategy implemented last year, the cost control was enhanced for the Group as a whole by implementing additional improvements. Said Ralf Bender, CEO of APCOA PARKING Group: “The company's performance during the first semester has created a sound basis for the remaining months of the 2014 financial year. The new contracts we signed further expanded our income basis."
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 678 million Euro, and a highly diversified portfolio distinguish 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 1.4 million parking spaces at more than 7,400 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 4,700 employees. APCOA Group headquarters are located in Stuttgart (Germany).