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Q-Park Annual Report 2012 and Interim CFO Appointment


News provided by

Q-Park NV

30 May, 2013, 09:00 GMT

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MAASTRICHT, The Netherlands, May 30, 2013 /PRNewswire/ --

Q-Park files Annual Report 2012 and appoints Rob Vroom as interim CFO per 1 July 2013

Annual Report 2012

Q-Park is pleased with the increase in turnover of 7.4% to EUR 745.1 million in 2012, the operational result of EUR 345.1 million and the value of the investment property confirmed by an external valuer. The total investment property portfolio is valued on the balance sheet at EUR 5,303.0 million.

The net result excluding goodwill impairment is EUR 73 million. Each year Q-Park assesses the goodwill against the future realisable value. In 2012 a goodwill impairment of EUR 166.8 million was taken.

CFO Rob Vroom

The Supervisory Board has recently appointed Mr Rob Vroom as interim CFO as per 1 July 2013. In addition to extensive international and real estate expertise, Rob Vroom also has sound experience in governance matters and organisational transformations.

His previous positions include CFO at Bouwinvest REIM, Kantoren Fonds Nederland (KFN) and Nutricia. He is currently managing partner at FTC Corporate Finance. He has knowledge and experience of comprehensive risk management implementations and refinancing processes. In addition, from 2007 - 2011, he was executive board member at IVBN (Dutch Institutional Property Investors).

Sustainability Report 2012

Together with the Annual Report, Q-Park is publishing its sustainability report 'Responsible Parking 2012'. You can find both Dutch reports on http://www.q-park.com, the English versions will be there shortly.

About Q-Park

Q-Park is one of the leading providers of parking facilities in Europe, whether wholly-owned, under management or in a hybrid business model. Q-Park is a recognised leader in quality in parking, has a portfolio of almost 6,000 parking facilities with more than 860,000 parking spaces and a strong market position in ten North-West European countries: the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway and Finland.

For further information please contact: Q-Park NV, Ward Vleugels, Chairman of the Board, +31-433-297-171, cmc@q-park.com

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