Saba maintains business recovery in 2022 and achieves activity, revenue, and EBITDA figures very close to 2019 levels

It manages the largest electric charging network in the sector, with 600 charging stations throughout the Group, and promotes last-mile distribution, with 206 e-commerce lockers, and proximity distribution, through its Geever network, with 16 micro-hubs located in the car parks

During the Ordinary General Shareholders' Meeting held today in Barcelona, Saba's President, Salvador Alemany, and Saba's CEO, Josep Martínez Vila, agreed that 2022 is the year in which the positive trend will return after two years affected by the pandemic.

Therefore, in an environment of recovery, after the start of 2022 still marked by the omicron variant, and the progressive elimination of all mobility restrictions, the company faced a year in which activity levels are already in the pre-pandemic period, and during which revenues increased to 275 million euros (+18%) and EBITDA to 127 million euros (+23%), with an investment of 27 million euros, according to Saba's President, Salvador Alemany.

On the other hand, the CEO of Saba, Josep Martínez Vila, highlighted that over the last few months of the year, there has been a recovery in the activity compared to 2019. In this regard, in 2022, Saba's rotation activity increased by 28% compared to 2021, approaching pre-covid levels, while the number of subscribers was 10% higher than the previous year and similar to the data registered in 2019.

This trend has continued in 2023 and in this first trimester activity is almost at the same level as in 2019, while, in economic terms, revenues and EBITDA are already above 2019.

Given this stage of recovery and the disparity in the scope of international macroeconomic factors, Saba has kept all measures implemented since the beginning of the pandemic to strictly control costs and prioritize investments to preserve the Group's interests. All these factors have led to an increase in the EBITDA/revenue ratio from 44% in 2021 to 46% in 2022. Josep Martínez Vila has also explained that in 2022 Saba successfully completed the novation of the Group's main financing contracts until 30 June 2024.

At the same time, technological projects are being promoted with a clear focus: meeting new customer needs, stimulating commercial and business activity, and guaranteeing the efficient integration of new car parks in the future. The processes of requesting rebalancing of concessions and renegotiation of contracts have also been maintained, as well as the search for new opportunities in the market, encouraging the extension of the average contractual life of the portfolio.

The Saba group focuses all its actions on consolidating its position as a leading operator and reinforcing the role of car parks as hubs of sustainable urban mobility for people, companies, and goods, true essential elements for improving traffic congestion, and a basic intermodal hub of the urban mobility network.

Press release General Shareholders' 2023