Between 2011 and 2024, Saba doubled the number of countries where it operates, tripled its presence in cities, increased its number of car parks fivefold and expanded its total parking spaces by 2.5 times. Revenue doubled and EBITDA grew by a factor of 2.5
During the Shareholders’ Ordinary General Meeting held today in Barcelona, Saba president Salvador Alemany and CEO Josep Martínez Vila highlighted that 2024 was marked by the stabilisation of the parking sector’s recovery, alongside the growth of the Group’s key metrics.
Regarding the key figures for 2024, operating income rose to €318 million, reflecting a 3.5% increase compared to 2023, while EBITDA stood at €144 million. Both revenue and EBITDA exceeded 2019 levels. The company’s total investment amounted to €62 million, with 66% allocated to expansion projects. Its EBITDA margin was 45%, one of the highest in the sector at global level and a clear indicator of the company’s high operational efficiency.
Saba’s President, Salvador Alemany, highlighted that the company successfully navigated its key challenges in 2024: it secured the new contract for Adif’s car park network in Spain and refinanced the Group’s debt. Moreover, it faced these challenges in a complex economic landscape. In this regard, Saba CEO Josep Martínez Vila explained that net financial accounting debt stood at €477 million at the close of 2024, which represents a reduction of more than €120 million in the company’s debt since 2019, despite the impact of the pandemic.
Review of 2011-2024
Salvador Alemany and Josep Martínez Vila took the opportunity to review the progress of Saba Infraestructuras from 2011—the year of Abertis Group’s spin-off—through to 2024. During this period, Saba almost doubled the number of countries where it operates, from five to nine; tripled its presence in cities, from 60 to 189; increased its number of car parks fivefold, from 203 to 1,000; and expanded its total parking spaces by 2.5 times, from 136,000 to 340,000. Revenue doubled, from €173 million to €318 million, and EBITDA grew by a factor of 2.5, from €58 million to €144 million. Between 2011 and 2024, the company expanded and internationalised: it invested €830 million in expansion projects, including contracts with Bamsa and Adif (renewed in 2024), acquired Portugal’s fourth-largest car park operator, CPE, and established a presence in four additional countries.
Consolidation of the electric vehicle market
By the end of 2024, the company had over 1,600 electric charging points in car parks across the Group, with 730 operated by Saba—a 20% increase from 2023—through strategic agreements, while the remaining points are managed by third parties. Saba’s own charging points contributed to a reduction of 1,100 tonnes of CO2 emissions in 2024, a 32% increase compared to 2023. Additionally, notable increases were recorded in charging hours (+24%) and kWh supplied (+32%). Saba continues to drive the rollout of fast charging in Spain, expand across all markets and work towards unifying the charging model in all countries where the Group operates.
Leading operator in urban mobility
Meanwhile, in the area of personal mobility, Saba is rolling out Acciona’s battery swap service for Silence motorcycles across its car park network. This service allows motorcycle users to quickly exchange depleted batteries for fully charged ones in designated areas within car parks. There are currently 15 active stations in Spain, with four more set to open in the near future, and rollout in Italy is being considered.
Saba is continuing to promote and strengthen strategic business initiatives such as its ticketless service, which allows both subscribers and short-stay users to enter and exit using number plate recognition linked to a payment method. This system is already in place in 80 Spanish car parks, with a 10% increase in transactions and a 52% increase in customers. Similar initiatives, including barrierless systems, are being undertaken in more than 400 car parks in the United Kingdom and Germany.