Operating income stood at €296 M (+33%) and EBITDA at €137 M (+29%), in a year marked by the incorporation of four new countries into the Saba perimeter. 50% of income is generated outside of Spain
At the end of 2019 Saba had. for the first time, in excess of 400,000 managed parking spaces, ater being awarded the management contract for all the car parks in the ANA airport network in Portugal. This operation, which involves increasing the number of parking spaces managed by the company in that country by 66%, to 35,000 spaces, strengthens strategy of growth and geographical diversification of the Group, which is present in 9 countries, with a network of 1,230 car parks, and a workforce of 2,400 employees.
During the Ordinary General Shareholders' Meeting held today in Barcelona, as well as remotely, the President of Saba, Salvador Alemany, and the Chief Executive Officer, Josep Martínez Vila, underlined the main lines of FY 2019, marked by the incorporation of four new countries, the United Kingdom, Germany, Slovakia and the Czech Republic, into the Saba ambit, the application of new technologies in customer service and business transformation, as well as the improvement of operational efficiency.
In 2019 Saba recorded an overall increase in activity of 15%, reaching 97 million hours of occupancy, with this growth being driven by the incorporation of the new countries. The number of subscribers stood at 58,976, 29% more than in the previous year, driven by the internationalization of the company as well as by the selling actions undertaken.
In 2019, operating income from Saba's assets under management stood at 296 million euros (+33%), while EBITDA reached 138 million euros (+29%), with a 42% margin, which continues to be one of the highest in the entire sector internationally.
The significant increase is explained by the fact that FY 2019 was the first year in which the new international companies consolidated into Saba in December 2018 have an impact on the Group's consolidated profit and loss statement. 50% of Saba's income is generated outside of Spain.
The President of Saba gave his assurance that “we continue to insist on the idea of the car park as a service hub integrated into the city's mobility policy, encompassing also a whole ecosystem of businesses associated with infrastructure and the people who use it”.
In this sense, the CEO of Saba clarified that this concept of parking as a “container for mobility services” is reflected in the Saba network with the incorporation of electric charging services, with 190 parking spaces in 47 car parks in Spain, Andorra , Italy, Portugal and Chile, and 3G coverage, scalable to 5G, in 43 car parks in Spain.