Stuttgart, May 15th 2013. APCOA PARKING Group enjoyed a stable first quarter despite prevailing disadvantageous weather conditions, and continued its expansion opening 66 new locations.
By the end of March the portfolio of managed sites encompassed 7,387 locations. Revenues reached 161,5 million Euro, or previous year level (- 0,4 percent) when adjusted for the effects of contract renegotiations and one-offs resulting from portfolio optimizations. New business was instrumental in compensating weather related decline in income from existing business.
Ralf Bender, CEO of APCOA PARKING Group: “We”ve got an operationally demanding first quarter lying behind us. Despite prominent weather- and portfolio effects we secured a stable development of our revenue and further improvement of our cost structure. Promising new business is lying ahead of us. Also in this year we shall continue to focus on the implementation of our corporate strategy. We are targeting a revenue growth of about 4 percent after adjustments.”
This text can be downloaded from:
http://www.panama-pr.de/download/APCOA-PR-05-EN.zip
Bildrechte: APCOA
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