APCOA PARKING Group with positive business performance in the first nine months of 2015

http://apcoa.com/press/press-releases/article/apcoa-parking-group-with-positive-business-performance-in-the-first-nine-months-of-2015/

Stuttgart, 18 December 2015 – APCOA PARKING Group, the leading car park management company in Europe, continues to post positive results through Q3 2015.

  • Group turnover climbs to 494.6 million euros (PY: 492.0 million euros)
  • EBITDA rises to 37.7 million euros (PY: 35.0 million euros)
  • EBIT increases to 15 million euros (PY: -7.2 million euros)
  • Cash flow from operating activities more than doubles to 22.7 million euros (PY: 9.6 million euros)
  • Strategy 2020 successfully launched
  • Efficiency program fuels margin growth
  • APCOA promotes the digitalization of parking

During the first nine months of the 2015 financial year, the company achieved a consolidated European turnover of 494.6 million euros (PY: 492.0 million euros). As a service provider for third-party contractors, the group's parking services generated additional external revenues of 196.4 million euro, which are not included in the group's sales figures. The group's total turnover for the first three quarters of the financial year was 691.0 million euros (PY: 724.2 million euros).

The group's EBITDA (earnings before interest, taxes, depreciation and amortization) increased to 37.7 million euros (PY: 35.0 million euros) over the first nine months of the financial year, which represents an increase of 7.7% compared to the previous year. The company's EBITDA margin improved to 7.6% (PY: 7.1%). EBIT (earnings before interest and taxes) reached 15.0 million euros (PY: -7.2 million euros). Cash flow from operating activities more than doubled over the last twelve months, rising to 22.7 million euros (PY: 9.6 million euros). “The energy we have devoted to developing our business and to increasing our efficiency in recent months is paying off”, said Ralf Bender, CEO of APCOA PARKING Group.

Coinciding with the end of its financial year, APCOA has launched its new strategy 2020 in order to accelerate the growth of the company. APCOA plans to achieve its ambitious targets by investing in digitalization, new business development as well as in acquisitions for external expansion. In addition, the company has initiated an efficiency program that has already contributed positive results.

Europe-wide increase in turnover
APCOA has delivered growth in almost all of its markets across Europe. The strongest growth was posted in the Southern European region (Italy, Spain and Poland). Whereas turnover increased by an average of 6.3% to 39.0 million euros (PY: 36.7 million euros) compared to the previous year, EBITDA was up by 17.7% to 5.3 million euros (PY: 4.5 million euros). In the Central European region (Germany, Austria, Belgium, Holland and Switzerland), APCOA generated revenues totaling 169.6 million euros (PY: 162.8 million euros), representing growth of 4.1% to the previous year. EBITDA rose by 18.1% to 19.6 million euros (PY: 16.6 million euros). Turnover of 198.3 million euros in the Northern European region (Denmark, Sweden and Norway) was on a similar level as in the year before (PY: 200.1 million euros), although the region's EBITDA grew by 7.7% to 15.3 million euros (PY: 14.2 million euros). “The steps we have taken to improve space utilization within our car parking facilities, combined with our earnings enhancement program, have resulted in overall performance gains,” said Bender.

Parking space monitoring continues to grow
The company was successful in acquiring new mandates for both parking management and parking space monitoring. In the first nine months of the year, APCOA won contracts for a total of 498 new sites across Europe. The Park & Control division showed particularly high levels of dynamics, generating new contracts at 70 different locations. “We are experiencing a substantial increase in demand within this sector,” observed Bender. “More and more retailing companies and private property owners want to make sure that their car parks are readily available for their customers, and not occupied by unauthorized parkers.”

Digitalization of parking facilities adds to customer experience and profitability
In PARKWAY, APCOA has presented a digital solution that enhances customers' parking experiences and increases the profitability of parking facilities. The new service concept is based on an online platform, with RFID chips that allow drivers contactless access to car parks. Payments are made electronically, via credit card or invoice. The platform is open to partnerships with other parking facility operators – whether public or private. “We aim to create an alliance of property owners, municipalities and car park operators in order to offer our customers the widest possible choice of parking spaces and the highest levels of convenience and comfort,” said Bender. The first pilot projects are already underway in Southern Germany.

In Milan and Bologna in Italy, the so-called Telepass Service is being expanded. A transponder, already used by drivers to pay their motorway tolls, offers contactless and cashless access to participating car parks. The system is testament to the contribution APCOA is making to the digitalization of the industry, offering drivers quicker, easier and more convenient parking than ever before.

Outlook
Ralf Bender provides a positive assessment of the business over the first nine months of the financial year: “Our operative business and financial data are all developing well as the year progresses. We expect to achieve all of our revenue and profitability targets by the end of the year.”


Contact:
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING Group
APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 40 years of experience and expertise in 12 European countries and an extensive portfolio of clients. More than 30 European airports have entrusted APCOA with the management of their parking facilities.

APCOA Parking Group manages more than 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative parking services to customers and property owners at over 8,500 locations. The company's 4,700 employees contribute international know-how and local expertise, and deliver new business and customised technical solutions. The group's headquarters and German office are in Stuttgart, Germany.

www.apcoa.com

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APCOA PARKING Group with positive business performance in the first nine months of 2015

http://apcoa.com/press/press-releases/article/apcoa-parking-group-with-positive-business-performance-in-the-first-nine-months-of-2015-1/

Stuttgart, 18 December 2015 – APCOA PARKING Group, the leading car park management company in Europe, continues to post positive results through Q3 2015

  • Group turnover climbs to 494.6 million euros (PY: 492.0 million euros)
  • EBITDA rises to 37.7 million euros (PY: 35.0 million euros)
  • EBIT increases to 15 million euros (PY: -7.2 million euros)
  • Cash flow from operating activities more than doubles to 22.7 million euros (PY: 9.6 million euros)
  • Strategy 2020 successfully launched
  • Efficiency program fuels margin growth
  • APCOA promotes the digitalization of parking


Stuttgart, 18 December 2015 – APCOA PARKING Group, the leading car park management company in Europe, continues to post positive results through Q3 2015. During the first nine months of the 2015 financial year, the company achieved a consolidated European turnover of 494.6 million euros (PY: 492.0 million euros). As a service provider for third-party contractors, the group's parking services generated additional external revenues of 196.4 million euro, which are not included in the group's sales figures. The group's total turnover for the first three quarters of the financial year was 691.0 million euros (PY: 724.2 million euros).

The group's EBITDA (earnings before interest, taxes, depreciation and amortization) increased to 37.7 million euros (PY: 35.0 million euros) over the first nine months of the financial year, which represents an increase of 7.7% compared to the previous year. The company's EBITDA margin improved to 7.6% (PY: 7.1%). EBIT (earnings before interest and taxes) reached 15.0 million euros (PY: -7.2 million euros). Cash flow from operating activities more than doubled over the last twelve months, rising to 22.7 million euros (PY: 9.6 million euros). “The energy we have devoted to developing our business and to increasing our efficiency in recent months is paying off”, said Ralf Bender, CEO of APCOA PARKING Group.

Coinciding with the end of its financial year, APCOA has launched its new strategy 2020 in order to accelerate the growth of the company. APCOA plans to achieve its ambitious targets by investing in digitalization, new business development as well as in acquisitions for external expansion. In addition, the company has initiated an efficiency program that has already contributed positive results.

Europe-wide increase in turnover
APCOA has delivered growth in almost all of its markets across Europe. The strongest growth was posted in the Southern European region (Italy, Spain and Poland). Whereas turnover increased by an average of 6.3% to 39.0 million euros (PY: 36.7 million euros) compared to the previous year, EBITDA was up by 17.7% to 5.3 million euros (PY: 4.5 million euros). In the Central European region (Germany, Austria, Belgium, Holland and Switzerland), APCOA generated revenues totaling 169.6 million euros (PY: 162.8 million euros), representing growth of 4.1% to the previous year. EBITDA rose by 18.1% to 19.6 million euros (PY: 16.6 million euros). Turnover of 198.3 million euros in the Northern European region (Denmark, Sweden and Norway) was on a similar level as in the year before (PY: 200.1 million euros), although the region's EBITDA grew by 7.7% to 15.3 million euros (PY: 14.2 million euros). “The steps we have taken to improve space utilization within our car parking facilities, combined with our earnings enhancement program, have resulted in overall performance gains,” said Bender.

Parking space monitoring continues to grow 
The company was successful in acquiring new mandates for both parking management and parking space monitoring. In the first nine months of the year, APCOA won contracts for a total of 498 new sites across Europe. The Park & Control division showed particularly high levels of dynamics, generating new contracts at 70 different locations. “We are experiencing a substantial increase in demand within this sector,” observed Bender. “More and more retailing companies and private property owners want to make sure that their car parks are readily available for their customers, and not occupied by unauthorized parkers.”

Digitalization of parking facilities adds to customer experience and profitability
In PARKWAY, APCOA has presented a digital solution that enhances customers' parking experiences and increases the profitability of parking facilities. The new service concept is based on an online platform, with RFID chips that allow drivers contactless access to car parks. Payments are made electronically, via credit card or invoice. The platform is open to partnerships with other parking facility operators – whether public or private. “We aim to create an alliance of property owners, municipalities and car park operators in order to offer our customers the widest possible choice of parking spaces and the highest levels of convenience and comfort,” said Bender. The first pilot projects are already underway in Southern Germany.

In Milan and Bologna in Italy, the so-called Telepass Service is being expanded. A transponder, already used by drivers to pay their motorway tolls, offers contactless and cashless access to participating car parks. The system is testament to the contribution APCOA is making to the digitalization of the industry, offering drivers quicker, easier and more convenient parking than ever before.

Outlook
Ralf Bender provides a positive assessment of the business over the first nine months of the financial year: “Our operative business and financial data are all developing well as the year progresses. We expect to achieve all of our revenue and profitability targets by the end of the year.”


Contact: 
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-0

About APCOA PARKING Group
APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 40 years of experience and expertise in 12 European countries and an extensive portfolio of clients. More than 30 European airports have entrusted APCOA with the management of their parking facilities.

APCOA Parking Group manages more than 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative parking services to customers and property owners at over 8,500 locations. The company's 4,700 employees contribute international know-how and local expertise, and deliver new business and customised technical solutions. The group's headquarters and German office are in Stuttgart, Germany.

www.apcoa.com

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Park & Control Remains on Track for Success: now 200 Locations across Germany

http://apcoa.com/press/press-releases/article/park-control-remains-on-track-for-success-now-200-locations-across-germany/

Stuttgart, 16 December 2015 – Park & Control just cleared another milestone as it now manages non-gated parking areas on private property in more than 200 locations throughout Germany.

Stuttgart, 16 December 2015 – Park & Control just cleared another milestone as it now manages non-gated parking areas on private property in more than 200 locations throughout Germany. During the second semester of 2015 alone, the company acquired around 70 new locations, including most recently a parking lot of 500 spots at the Wiesbaden railway station.

On behalf of property owners, Park & Control deploys its car park surveillance services to ensure that the offered parking spaces are not blocked by unauthorised or long-term parkers. Parking lot monitoring is of particular importance for retailers in high footfall locations because unlawfully occupied parking spots often result in losses in revenue. With its dedicated car park surveillance, Park & Control assists retailers and property owners by enforcing the maximum parking time, and keeping a sufficient number of parking spaces available for shoppers.

Customer-oriented parking management offers property owners, including retailers, a great opportunity to set themselves apart from their direct competitors. Accordingly, Park & Control expects to win a number of new accounts also in the year to come.


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

About “Park & Control”
The business of Park & Control GmbH is to enforce the general terms and conditions on non-gated parking lots on behalf of private property owner. The company is an autonomous member company of APCOA PARKING Group, the leading parking facility operator in Europe. The Group has a track record of more than 40 years of experience and know-how, gathered in 12 different European countries. Today, APCOA PARKING Group has more than 1.4 million parking spots in roughly 8,500 locations under management.

www.park-control.de 

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APCOA strengthens its management team

http://apcoa.com/press/press-releases/article/apcoa-strengthens-its-management-team/

Stuttgart/Oslo, December 7, 2015 – To deliver further growth, APCOA PARKING Group has expanded its management team and appointed Detlef Wilmer as a further managing director for Germany and Paul Cremers as new managing director for Norway.

Detlef Wilmer (54) has extensive experience as a managing director within the mechanical engineering and packaging industries. Before joining APCOA, he was Chairman of the Managing Board of Hazemag Group. Detlef Wilmer took over responsibility for APCOA PARKING Germany's operative business and new business development on 16 November, 2015.

Paul Cremers (44) brings high levels of expertise to APCOA from a range of leadership positions in the retail and consumer goods industries. After 8 years as a management consultant for Accenture, he has been in CEO positions for two leading retail companies over the past 10 years. Paul Cremers started in his new role at APCOA on 15 November, 2015.

“We are pleased to have found two strong new colleagues in Mr Wilmer and Mr Cremers, who will help us to pursue our growth strategy,” said Ralf Bender, CEO of APCOA PARKING Group. “They have been given the task to continue the expansion of the group's operative business and to drive the new business development in Germany and Norway, two of our core markets.”


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

About APCOA PARKING Group
The APCOA PARKING Group is Europe's leading parking facility operator. During over 40 years in the business, 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.

The APCOA PARKING Group manages over 1.4 million parking spots. APCOA's international background lets customers and property owners benefit from trend-setting and innovative parking services at more than 8,400 locations. Based on international know-how, local expertise, and long-term experience, APCOA’s 4,900 staff deliver bespoke technical solutions to meet specific contract requirements. The Group headquarters and the German branch office are located at Stuttgart Airport.

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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