GAM Alquiler records half-year growth

By Joe Malone15 August 2017

Spanish rental company GAM Alquiler has announced half-year revenues of €53.5 million, representing a year-on-year increase of 5%.

Gam

The company’s revenues growth of 5% was an impressive result, given the company’s fleet size is 6% smaller than at the same time last year.

GAM’s earnings before interest, taxes, depreciation and amortization (EBITDA) also grew 4% year-on-year, to €13.6 million – a margin of 25% of its revenues.

The company said that it was still making losses, however, as a result of debt repayments and exchange rate differences.

GAM said that the diversification into new sectors such as industry, energy, events and training was a key factor in its growth.

Latest News
Utilizing crane attachments in specialized applications
With custom attachments, cranes can be used for a variety of tasks, mainly in shoring up foundations for bridges or other structures.
Demo specialist transfers expertise to mining
Jet Demolition offering turnkey service including shaft sealing
New Cat excavator ‘delivering on sustainability’
Cat 350 said to consume up to 13% less fuel than previous models