Stuttgart, March 26 2013 – The fiscal year 2012 saw APCOA PARKING Group, the European leader in parking management, continuing on a solid growth path, with a strong increase of its profitability.
In 2012 APCOA PARKING Group succeeded in growing the number of managed locations in its portfolio to 7.513, an increase of 10.5 percent.
APCOA Parking Group's revenues reached 701 million Euro, adjusted for renegotiated contracts this is an increase of 5.4 percent. The group’s year-on-year operating profitability on a reported basis grew by 9.5 percent, reaching an EBITDA of 66.3 million Euro.
The strong commercial performance is a result of solid growth of new contracts, portfolio optimization through renegotiation of some key contracts and the effects of continued cost control.
For the first time total turnover value of parking management services for APCOA contractual partners crossed the threshold of 1 billion Euro.
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 7.500 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 4.900 employees. APCOA Group headquarters are located in Stuttgart (Germany).