Loxam revenues up 10% in final quarter
By Belinda Smart01 February 2022
Loxam’s revenues increased by an estimated 10% during the three months ended 31 December 2021, compared to the same period in 2020.
Sales in France rose by 4%; in the Nordic countries by 14% and the rest of the world by 15%, compared to the previous corresponding period.
Loxam said France “has already reached a pre-Covid-19 level of activity, demand continued to grow as economic conditions remained positive.”
In the Nordic countries, revenue growth was sustained by favourable weather conditions, while in the rest of the world, the company “continued to benefit from an overall recovery in activity.”
Assuming a constant exchange rate, consolidated revenue grew by approximately 7% during the three months ended December 31, 2021 compared to the three months ended December 31, 2020.
The company estimates that its net debt remained stable as of December 31, 2021 compared to September 30, 2021, due to higher capital expenditure during the final quarter of 2021.