Asturian multinational General de Alquiler de Maquinaria (GAM) triples its profits to 8m euros in 2022compared to 2.7 million in the previous year and increased its turnover by 33%Gross operating result (‘ebitda’) increased by 32% to 58 million and ‘ebitd’ or operating result increased by 46% to 17 million Euros (8% in sales). The company reduced its debt ratio to 3.4 times, which fell from 3.7 times that of ‘ebitda’.
All business lines gained positive data. Recurring or long-term business was up 50% and represented 48.7 million revenues, 22% of total activity. The short-term rental business recorded the lowest growth (24%) but continues to represent the main source of income: it contributed €90.8m in 2022, 41% of total billing.
work developed in all countries. Revenues increased by 33% (to 17.6 million) in Portugal, where Morocco operates under the leadership of Morocco, where its turnover grew by 74% to 4.4 million units, and in Spain, with a business volume of 169.6 million, which grew by 32%, the highest figure of all markets in which the company operates. it happened. In Latin America, GAM billed 31.7 million, 30% more.
The company said that 80% of GAM’s vehicle and machinery fleet generates zero emissions and that 95% of the company’s energy consumption comes from green energy sources.