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%.


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
Crosby supports Rigging for the Troops program
The Crosby Group will donate a portion of its U.S. sales to the Children of Fallen Patriots Foundation
Webinar to explore trends in Spain’s rental sector
Jointly organised by ASEAMAC and SMOPYC, webinar will explore key rental trends in Spain
Coates CEO Murray Vitlich on ‘the evolution of hire’
Read IRN’s exclusive interview with CEO of Coates, Australia’s largest rental company