A word from the CEO
Revitalized growth: a strong recovery and sustainable efforts in 2022
After two challenging years marked by the Covid-19 pandemic, Interparking achieved exceptional results in 2022, surpassing pre-pandemic levels of revenue and EBITDA. The company invested in its growth and successfully completed several major projects across Europe. Measures were implemented to reduce environmental impact, improve car park quality, invest in digital services, and support the transition to low-emission vehicles.
Could you tell us about Interparking’s year 2022?
After the Covid-19 pandemic in 2020 and 2021, 2022 was a pivotal year for Interparking. We achieved exceptional results despite the anti-Covid measures taken by different countries at the end of 2021 and a first quarter of 2022 impacted by the latest wave of the pandemic.
What were the revenue and EBITDA results for 2022?
The results were very positive. After 2 difficult years in which we nevertheless invested more or less € 300 million in new car parks, the 2022 results exceeded those of 2019 in terms of both revenue and EBITDA. The consolidated group turnover increased from 382.4 million euros to 491.4 million euros, representing an increase of 28.5% in one year. Moreover, the recurring consolidated EBITDA reached 143.6 million euros in 2022, compared to 96.9 million euros the previous year, representing an increase of 48.2%.
How did Interparking manage to achieve these results despite the challenges posed by the pandemic?
We invested in our growth and successfully completed several major projects. In Belgium, we inaugurated the Vesting car park in Antwerp, the major extension of the Centrum Zand car park in Bruges, and the Brucity car park under the new City Hall of Brussels. We also entered into an important partnership with the San Donato group, the largest hospital group in Italy, and in this context, we took over the operations of the San Rafael hospital car parks in Milan.
In France, we strengthened our position by opening the “La Mandoune” car park in Montauban and initiating the construction works for a new car park in Bordeaux. Our Polish subsidiary continued to expand in the center of Warsaw and Gdańsk, where we strengthened our presence at the airport and in the city center.
We also entered into “green” financing agreements that foresee lower interest rates if specific Environmental, Social, and Governance (ESG) parameters are met.
Could you tell us about Interparking’s environmental commitment?
We have been fully CO2 neutral since 2015 thanks to our energy consumption reductions and green energy procurement. In 2022, Interparking continued to invest in reducing the environmental impacts of its activities. By the end of 2022, the group had installed more than 120 units to neutralize fine particles, which we call “lungs in the city”. We also entered into “green” financing agreements that foresee lower interest rates if specific Environmental, Social, and Governance (ESG) parameters are met.
In addition, Interparking has been participating in the Global Real Estate Sustainability Benchmark (GRESB) since 2021, and obtained an excellent score of 80% in 2022, a significant improvement from the previous year.
Can you tell us about Interparking’s efforts to improve the quality of their car parks in 2022?
We continued to focus on improving the quality of our car parks in 2022, and 245 of them were awarded the ESPA Quality Certification of the European Parking Association (EPA). Additionally, the Confluence car park in Namur was awarded the prize for the “Best new car park in Europe” by the EPA, following the Markthal (Rotterdam) car park in 2014.
How has Interparking invested in IT and digital services in 2022?
Interparking continued to invest in the digital experience of our customers with the creation of a digital version of the Pcard+. In addition to providing easy access to our car parks, this app allows users to quickly identify which car park to go to based on their points of interest. The number of Pcards grew by over 22% compared to 2021, demonstrating the real demand for these types of products from customers
How has Interparking supported the transition to low-emission vehicles?
To help reduce the impact of mobility on the environment, Interparking is increasing the number of charging stations for electric and hybrid vehicles in its car parks. By the end of 2022, the number of parking spaces equipped with charging stations had increased by more than 50%, exceeding 2400 spaces. We also promote the Pcard as an intermodal tool compatible with public transport.
Lastly, how has Interparking worked with cities to improve parking facilities?
Interparking has worked to strengthen its collaboration with cities, notably through the promotion of parking guidance systems, the development of bicycle parking facilities, and proactive participation in the policy to move parking from the street to off-street car parks. We are tracking these changes jointly with our "upstream" customers and anticipate further collaborations in the future.
Is there anything else you would like to add?
I would like to take this opportunity to express my gratitude. I hereby wish to thank our more than 1000 upstream clients and our 115 million downstream clients, our 2200 employees, our shareholders and all stakeholders for their support and confidence which made all of this happen and possible in 2022! We will continue to work hard and strive for excellence in the years to come.
Roland CRACCO
CEO