GAM up 22% in Spain

By Murray Pollok07 August 2019



GAM Alquiler’s Spanish business grew by 21.8% to €54.7 million for the first six months of 2019, with revenues from its international business up 3% to €18.3 million. EBITDA profits rose 56% to €12.8 million in the period.

The results - with total revenues up 16% to €73.1 million - illustrate the continued improvement in Spain’s rental and construction industries.

GAM’s international business comprises operations in Portugal, Mexico, Peru, Panama, Chile, Colombia, Morocco, the Dominican Republic and Saudi Arabia.

GAM is now majority owned by a private equity fund controlled by Spanish businessman Francisco José Riberas.

Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
JLG introduces a ‘company-first’
JLG’s X660SJ crawler boom offers operators a new solution for working at height
Top U.S. telehandler rental fleets
With equipment deliveries still a challenge, and acquisitions occurring at a steady clip, this year’s Telehandler30 looks quite different from years’ past
Rapid tech adoption and optimism at heart of global construction
KPMG survey reveals sector’s increased takeup of robotic process automation, virtual reality, project management information systems (PIMS), drones, smart sensors and AI
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail:
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: