Q-Park profits up 39%

As shown in the annual report prepared by its Executive Board, Q-Park, the European parking company, posted sales of EUR 201.5 million for 2004(2003: EUR 173.9 million). The increase was driven by organic growth as well as acquisitions.
Profits also improved considerably, up 39% from EUR 41.5 million in 2003 to EUR 57.8 million in 2004. Operating profit grew by nearly 30% to EUR 45.8 million.

Portfolio up 16%

At year-end 2004 the company operated 443 public car parks (2003: 410), the number of parking spaces going up 16% from 159,000 in 2003 to just under 185,000 in 2004.

Q-Park is engaged in developing, financing, operating and managing car parks under assignment from and in collaboration with municipal authorities, hospitals, airports and businesses. The company ranks among the top 5 private parking companies in Europe, its products and services running the entire gammut of parking management.

“Looking ahead, we expect to be able to secure further growth”

The Executive Board looks to the future with confidence. “We strengthened our market position in 2004. Confidence was also boosted. Our partners and customers recognise our brand and the quality of our services. A brand awareness survey conducted at the end of 2004 found that Q-Park was the best known brand in the Netherlands. In the years ahead, we expect further sales growth and an increase in the number of parking places. The mobility market is still going strong. As a partner in this chain, we strive to offer best value for money to our business partners and, especially, our customers”, Ward Vleugels, Chairman of the Executive Board, said.

About Q-park

q-park.gifQ-park has branches in the Netherlands, Belgium, Germany, the United Kingdom, France and Ireland. Its mission is to deliver high-quality parking and related customer-oriented services. The company operates car parks in city centres and at airports, railway stations and industrial sites. All car parks are designed to provide maximum customer-friendliness, focusing on speed, convenience, safety, and hospitality.
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