Pressemitteilung von Tilman Kube

APCOA PARKING Group in talks on refinancing

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Stuttgart, 20 September 2013 - APCOA PARKING Group, the European leader in parking management, will enter into talks with its lenders on the refinancing of its debt maturing in April 2014. APCOA PARKING aims at reaching an agreement by the end of the year considering its good performance over the last three years and the solid growth rates of the European market of parking management of 5 to 7 percent per year.

Under CEO Ralf Bender, the management team of APCOA PARKING Group improved its EBITDA from 51 million Euro in 2010 to 66 million Euro in 2012. In the last two years APCOA PARKING successfully streamlined its contract portfolio. The company improved its operating model, implemented tight cost controls and won new profitable contracts as a result of a selective and dynamic sales policy.

Consequently, in 2013 APCOA PARKING put 184 additional locations into operation, raising their total number to 7,588. Recent successes include continued leadership on the Norwegian airport parking market after the renewal of a major contract with airport operator AVINOR comprising five airports. In Germany the company significantly increased its contract portfolio of "Park&Control" parking surveillance from 9 to 41 contracts.

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Bildrechte: APCOA PARKING Firmen- & Pressekontakt