BroBizz A/S Annual report 3 Company objective BroBizz A/S’ objective is to facilitate mobility for road users in Scandinavia and the rest of Europe through the issue of BroBizz® and PayByPlate®, which can be used as a means of identification for payment on toll roads, bridges, ferries and for parking, etc. BroBizz A/S is responsible for customer relationships in respect of private and business customers, including contract administration and the collection of fees between operators and the customer. Highlights of the year BroBizz A/S develops and administers the BroBizz® and PayByPlate® concepts, which ensure automatic payment at bridges, ferries, toll roads, parking facilities, etc. With the most recent amendment to the Act on Sund & Bælt Holding A/S, the framework for BroBizz A/S’ operations was clarified with the purpose of ensuring that BroBizz A/S can act on equal footing with other issuing companies, including developing the company for new business areas within ferries, parking, access control and new value creating additional services not only in Denmark but also in Europe. Moreover, the framework for BroBizz A/S' use of new technology was expanded as a consequence of the amendment so that the company can remain competitive in an increasingly competitive market. The legislator's intention and expectation are that BroBizz A/S develops and expands its market shares, business areas and new technology solutions. BroBizz A/S has substantial experience with payment solutions across national borders. BroBizz® currently functions on toll roads, bridges and ferries in Denmark, the rest of Scandinavia and Austria. In addition, the BroBizz® solution is used in certain parking areas and for access control. BroBizz A/S’ business concept is unique and widely used in the Danish market, but the company expects to encounter growing competition from foreign companies and new technologies. The company’s strategy is to be a competitive, digital mobility company based on business excellence and which, through strong partnerships, delivers exemplary services to customers in Scandinavia and during their journeys through Europe. In 2018, this resulted in an intensification of the company’s business development, including through digitalisation in order to continue to provide efficient payment solutions and good services to customers, making BroBizz® attractive at even more points of use. The company thus launched both a new app at the end of 2017 and the option to pay by number plate with the product PayByPlate®, launched in March 2018. In November 2018, an agreement with APCOA enabled customers to pay for parking with their BroBizz® and at the start of 2019, this will also be possible on the Øresund Bridge and on several ferry services. By the end of the year, 170,000 customers had signed up for PayByPlate® while 200,000 customers had downloaded the BroBizz® app. BroBizz A/S, in accordance with the strategy, delivered a slight increase in revenue in 2018. This was despite the toll charge reduction on the Storebælt fixed link on 1 January 2018 of 15 per cent. Ongoing streamlining of the business means that the profit for 2018 has increased. In 2018, investments were made in business development in accordance with the strategy. BroBizz A/S is a 100 per cent owned subsidiary of Sund & Bælt Holding A/S. BroBizz A/S is not covered by the state guarantee. Key figures, DKK million BroBizz 2018 2017 Operating income 91.3 88.0 Operating expenses *) -57.9 -62.1 Depreciation -17.1 -15.3 Operating profit (EBIT) 16.3 10.7 Net financials 2.2 1.5 Profit before financial value adjustments 18.5 12.2 *) Note: Internal Group fees of DKK 11.7 million (DKK 9.2 million in 2017) are not included. \\Sv-data2-hals\transfer\Aarsrapport alle selskaber\ÅR_2018_UK.xlsx
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