GAM Alquiler records half-year growth

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

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.