GAM Alquiler records half-year growth

15 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
Peri completes ‘Europe’s largest’ 3D printed building
Peri highlighted that conventional construction methods could not have been used to achieve this design
Implenia reaches ‘record level’ consolidated profit with nearly US$8bn backlog
The company said success across all divisions led to profit and extensive order book
Construction industry update: legal battles, global projects, and educational initiatives
Selection of the week’s biggest stories on Construction Briefing