“Saba’s EBITDA reached 100 million euros for the first time since the company’s inception”
If 2016 saw the beginnings of a recovery in the car park business, 2017 confirmed the positive growth of the business, with an overall increase of 4% in our activity in Europe, with Portugal in particular standing out. Growth stood at 2%, if Chile is included, where a new rate per minute system has been implemented. Saba likewise maintained the recovery in subscribers, around 4%, thanks to marketing efforts and improving macroeconomic and consumption variables.
In 2017, operating income from Saba’s assets under management stood at 213 million euros, 4% more than in the previous year, while EBITDA reached 100 million euros for the first time since the company’s inception and 6% more than in 2016, a goal that should be the starting point for a new period in which growth will continue to be a top priority, as will be the continued optimisation of the recurrent management of our consolidated assets. Both objectives are inexorably linked.
Saba’s main scopes reflect, on the one hand, good business performance and, on the other hand, the efforts made by the organisation as a whole to increase the operational efficiency of the business, to implement initiatives that allow the company to become a leader in the sector—putting special emphasis on new support systems, new technologies and digitalisation, as well as new formulas and commercial initiatives—and to actively manage contracts, focusing on growth.