Financial performance
In 2018, Q-Park continued to perform well financially. All major financial indicators show an improvement.
The operating result before depreciation and amortisation came out at EUR 277.5 million (2017: EUR 261.5 million). This excellent performance is driven by a strong increase in total revenue of 2.7% from EUR 854.5 million in 2017 to EUR 877.9 million in 2018. This increase is supported by the like-for-like portfolio with a revenue growth of 2.2% and the good performance of new business.
The cash flow from operating activities in 2018 also shows healthy growth from EUR 110.6 million in 2017 to EUR 249.3 million in 2018.
Chart 4 Cash flow from operating activities
(x EUR million)
Parking revenue
Of our total revenue, about 90% (EUR 787.9 million) comes from short-term and long-term parking activities. Our total parking revenue consists of:
75% short-term parking i.e. EUR 593.6 million;
25% long-term parking i.e. EUR 194.3 million.