APCOA PARKING with robust first quarter business

https://www.apcoa.com/press/press-releases/article/apcoa-parking-with-robust-first-quarter-business/

Stuttgart, 16 May 2014 - APCOA PARKING Group’s business proved robust in the first quarter of 2014.

Stuttgart, 16 May 2014  -  APCOA PARKING Group’s business proved robust in the first quarter of 2014. Despite sales being impacted by disadvantageous currency effects from Norway and Sweden, revenues remained stable at 160.2 million Euro, trailing previous Q1 figures by only 0.8 percent (161.5 million). Adjusted for negative currency effects, overall sales grew by 3.4 million Euro compared to last year’s figures. Germany alone accounted for 1.7m Euro of sales growth from the city and shopping centre business due to good weather conditions.

At comparable currency rates and adjusted for one-off costs relating to the financial restructuring activities, the EBITDA of 9.9 million Euro reached last year’s level.

APCOA PARKING Group stayed on its expansion course in Q1, adding 36 new locations to its portfolio, consisting of 7.449 managed sites now. Business development was marked by further strengthening of APCOA’s position as Europe’s leading airport parking manager, adding major contracts with London-Heathrow (UK), Bergamo (Italy) and Poznan (Poland) airports. APCOA saw its parking management clout across Europe underpinned by landmark contracts won in Roskilde (Denmark), with Network Rail in the UK, in Cracow and Wroclaw (Poland), Vienna (Austria) and new sites in Germany.

Ralf Bender, CEO of APCOA PARKING Group: “This was a good start into 2014. We have secured a stable development of our revenue and further improvement of our cost structure in a highly competitive environment.” 

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 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).

www.apcoa.com 

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