“Saba is a totally transformed company that maintains growth as a top priority”
In 2016, Saba brought to a close a period in which, after the divestment of its logistics parks, it had focused wholly on the car park business, underpinned by the driving forces that have pushed the company forward since its inception: operational efficiency, commercial and technological transformation, and growth. All of this with customer service quality as the constant driving factor. Between 2011 and 2016, Saba carried out successive divestment operations in logistics parks, thus maximising the value of this business line and helping to finance the growth of the car park business, with investments totalling more than €580 million.
If 2011 was marked by the start of the re-founding project and 2016 saw the culmination of a first cycle, as of 2017 we are now talking about a totally transformed company, with 375 car parks, 85% more than in 2011, and 208,000 car park spaces, 53% more than in 2011, and a workforce of 1,500 people.
In 2017, Saba consolidated its internal transformation, with a sustained increase in the Group’s operating efficiency, which moreover we achieved in an initial context of deep economic crisis. This has enabled the company to take on an increase in assets simultaneously with increased profitability in terms of EBITDA on income of 47%, the highest of any company its sector, thanks to a combination of revenue management, cost reduction and new business. A figure that will continue to grow in the future.