APCOA PARKING annual business results for 2014 show strong new business performance

http://apcoa.com/press/press-releases/article/apcoa-parking-annual-business-results-for-2014-show-strong-new-business-performance/

Stuttgart, 20 March 2015 – Following the successful conclusion of its financial restructuring measures, APCOA PARKING Group, Europe’s leading car park management company, can look back on a successful year of trading in operational terms as well. ‘We were able to continue to expand our business in 2014,’ said Ralf Bender, CEO of the APCOA PARKING Group. ‘In a year of refinancing, that is a particularly gratifying result,’ he added.

Stuttgart, 20 March 2015 – Following the successful conclusion of its financial restructuring measures, APCOA PARKING Group, Europe’s leading car park management company, can look back on a successful year of trading in operational terms as well. ‘We were able to continue to expand our business in 2014,’ said Ralf Bender, CEO of the APCOA PARKING Group. ‘In a year of refinancing, that is a particularly gratifying result,’ he added. APCOA has succeeded in strengthening its leading position in a whole range of countries. It has also opened another 1.029 parking sites, bringing the total number of sites it operates in Europe to 8.442, a growth of 13.9%, and intensifying its presence on the ground.

Business growth was particularly marked in Germany. Car park management on private premises (PARK&CONTROL) achieved notably positive results. The number of PARK&CONTROL sites trebled, reaching more than 150. ‘We are expecting further significant growth in 2015,’ Bender stated.

The company’s business in Sweden also showed positive developments, marking up a record turnover for 2014. Here the Group increased its market share from 36% to 38% in the private sector. APCOA is already the market leader for railway station car parks in Great Britain, and last year the company made further advances. In close partnership with a railway company, APCOA will be improving station car parks by introducing new technology. This will entail the automated number plate recognition at 13 stations.

In the field of airport parking, APCOA renewed its contracts with London’s Heathrow airport (UK) and Bergamo airport (Italy). A new contract was concluded for the management of a third multi-storey car park at Posen Airport (Poland). This shows APCOA continuing to build on its position of European market leadership in the airports sector.

The E-Solutions business unit, which provides car park booking over the internet, also developed auspiciously. In Norway the E-Solutions team set up two further innovative booking platforms for the international airports of Oslo and Sandefjord. After the introduction of five new booking platforms in just six months, the APCOA PARKING Group is leading the field for online bookings at airport car parks.

Totalling around 666 million euros, the Group turnover in the year 2014 was slightly below the corresponding figure from the previous year. As a provider of parking services to partners under contract, the group of companies realised an additional external turnover of around 385 million euros which is not included in the Group turnover. The entire volume of turnover for the year 2014 thus again came to just over one billion euros (1.051 billion euros).

Taking the restructuring costs of the APCOA PARKING Group out of the equation, the Group’s operative yield for the year 2014 improved significantly. The EBITDA (R) thus increased by 43.6%, from 38.21 million to 54.86 million euros.

In the course of the amicable financial restructuring involving the majority shareholder Centerbridge Partners and others, the liabilities of the APCOA PARKING Group were reduced by around 444 million euros. In addition, around 80 million euros were made available to the group for investment programmes and future growth. With the support of the new proprietors, APCOA now wants to accelerate its profitable growth.


Contact: 
APCOA PARKING Holdings GmbH
Tilman Kube
Flughafenstr. 34
D-70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING
APCOA PARKING Group is Europe's leading parking facility operator. During more than 40 years of experience, the Group has gathered know-how in 12 European countries and a wide-spread client portfolio. More than 30 European airports have contracted APCOA to manage their parking facilities.

APCOA Group has more than 1.4 million parking spaces under management, and generated 678 million euros in revenues in 2013. APCOA's international background lets customers and property owners benefit from trend-setting and innovative parking services at more than 7,400 locations. Based on international know-how, local expertise, and long-term experience, around 4,700 staff deliver bespoke technical solutions to meet specific contract requirements. The Group headquarters and the German branch office are located at Stuttgart Airport.

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APCOA PARKING at MIPIM 2015: Parking for future mobility

http://apcoa.com/press/press-releases/article/apcoa-parking-at-mipim-2015-parking-for-future-mobility/

Stuttgart/Cannes, 1 March 2015 – Following the success of last year, Europe’s leading parking management provider APCOA PARKING Group will again be represented in 2015 at the international property trade fair MIPIM, which will be held in Cannes from 10 to 13 March, 2015.

Stuttgart/Cannes, 1 March 2015 – Following the success of last year, Europe’s leading parking management provider APCOA PARKING Group will again be represented in 2015 at the international property trade fair MIPIM, which will be held in Cannes from 10 to 13 March, 2015. Visitors include international property owners, developers and managers. Supported by sound market research and pan-European know-how, APCOA will provide trade visitors with information on the commercial asset management of parking areas and enhanced user-friendliness of multi-storey car parks, particularly through contact-free entry.

Focus on maintaining individual mobility

“Making existing parking facilities future proof and designing them to be profitable and value-creating is an important issue,” stated Ralf Bender, CEO of APCOA PARKING Group. “Only by doing so will individual mobility also remain possible in the future.” Ultimately, this requires an intelligent infrastructure that can only be achieved with the use of innovative technologies. An ideal scenario would see commensurate financing generated by the introduction of paid parking across the board. “Realising such a move requires cooperation between all the relevant stakeholders, in other words city councils and municipal authorities as well as service providers and auto manufacturers” continued Bender.
The progressive digitalisation of the parking process through mobile payment, online reservation and navigation to vacant parking spaces will form the primary focus for APCOA in the coming months and years. “In this way we are playing our part to promote seamless travel, thereby enabling customers to comfortably reach their destination without interruption,” added Bender.

Commercial asset management – APCOA demonstrates the potential of multi-storey car parks

Through ‘commercial asset management’ of parking facilities, APCOA is purposefully increasing the value and profit of parking properties. “We demonstrate to multi-storey car park owners the full potential of their properties while making the car park more appealing for the user,” explained Bender. “Through know-how gained in twelve European countries, we are in a position to enhance returns on multi-storey car parks.” The commercial asset management methods go well beyond those of traditional facility management, amongst other things encompassing pricing structures, analysis of competition and the respective transport infrastructure, identification of new target groups and targeted presentation.

Contact:

APCOA PARKING Holdings GmbH
Tilman Kube
Flughafenstr. 34
D-70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING

APCOA PARKING Group is Europe's leading parking facility operator. During more than 40 years of experience, the Group has gathered know-how in 12 European countries and a wide-spread client portfolio. More than 30 European airports have contracted APCOA to manage their parking facilities.

APCOA Group has more than 1.4 million parking spaces under management, and generated 678 million euros in revenues in 2013. APCOA's international background lets customers and property owners benefit from trend-setting and innovative parking services at more than 7,400 locations. Based on international know-how, local expertise, and long-term experience, around 4,700 staff deliver bespoke technical solutions to meet specific contract requirements. The Group headquarters and the German branch office are located at Stuttgart Airport.

Visit us at MIPIM in Cannes, level 1, booth P-1.G66.

www.apcoa.com

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Press contact

APCOA PARKING Holdings GmbH

Sebastian Merkle
Flughafenstr. 34
70629 Stuttgart-Airport
T: +49 711-94791-652

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