Financial performance
Our financial performance captures value for our stakeholders. Group performance in 2024 was robust, with noteworthy increases in revenue and operating results compared to 2023.
Reported net revenue
The reported net revenue in 2024 amounted EUR 943.0 million (2023: EUR 831.1 million).
Chart 6 Reported net revenue
(x EUR million)
Parking revenue
In 2024, parking revenue increased across the board. Short-term parking (STP) revenue increased to EUR 603.9 million (2023: EUR 553.1 million).
Long-term parking (LTP) revenue increased to EUR 191.2 million, up from EUR 181.5 million in 2023. Revenue from our control fee business increased to EUR 30.2 million (2023: EUR 24.9 million).
Short-term parking accounts for 73% of our total revenue from parking activities, long-term parking, mainly season tickets, accounts for 23%, and our expanding control fee business accounts for 4% of parking revenue.
Chart 7 Revenue from parking activities
(x EUR million)
Q-Park brand and software
The Q-Park brand (trade name) is valued at EUR 47.4 million (2023: EUR 51.1 million) and our proprietary software is valued at EUR 37.1 million (2023: EUR 33.6 million).
Investments
Capital investments amounted to EUR 239.2 million (2023: EUR 129.3 million). Acquisition and expansion investments amounted to EUR 150.0 million (2023: EUR 69.7 million).
Reported operating result
The reported operating result in 2024 amounts to EUR 302.0 million compared to EUR 303.2 million in 2023.
Chart 8 Reported operating result
(x EUR million)
Cash balance
In 2024, the total cash balance came out at to EUR 103.8 million compared to EUR 105.2 million in 2023. The cash flow from operating activities amounted to EUR 288.7 million (EUR 287.1 million in 2023).