Responsive Image Banner

Loxam returns to pre-Covid levels in France

Premium Content

Loxam’s French business recovered well in the first quarter of 2021, with a 13.1% increase in sales year-on-year, although the company reported falls in the 7 to 8% range for its businesses in Scandinavia, the UK and the Middle East.

Total sales in the quarter were €496.9 million, an increase of 0.6%. EBITDA profits were up 11.1% to €166.7 million, improving by 30% in France.

No caption available

The Paris-based company said its revenues in Sweden, Norway, Finland and Denmark - the territory largely comprising the Ramirent business acquired in mid-2019 - fell by 8.2% in the first quarter because the same period in 2020 experienced fewer pandemic restrictions and mild weather.

Sales in the rest of the world were down 7% to €132.7 million, with falls in the UK and the Middle East where pandemic restrictions were still in place.

Sales in France were up 13.1% to €220.6 million, reflecting a business recovery in March 2021. The Italian market also rebounded.

Gérard Déprez, Chairman and CEO of LOXAM, said; “This quarter was marked by our recovery in France, where our revenue has returned to its pre-crisis levels. Outside France, the rebound was delayed in most countries, due to remaining restrictions related to the health context. In Scandinavia, business activities were also impacted by a colder and longer winter.”

Déprez added; “Going forward, we expect the construction sector to rebound and we intend to take advantage of this recovery to continue our growth.

“We were also very pleased with the S&P Global’s rating upgrade to B+ with a positive outlook, reflecting our resilience during 2020 and our growth prospects.”

Click here to subscribe to the International Rental News weekly newsletter

STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
IAPA 2026 judges announced
Five industry experts will consider entries ahead of Istanbul event 
New Pekkaniska truck mount division and Multitel supply deal
Finnish rental major chooses Multitel Pagliero as its exclusive supplier
Off-Highway Research publishes indepth China access report
A new report from Off-Highway Research delves into China’s dynamic powered access industry
CONNECT WITH THE TEAM
Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
Lucy Barnard Editor, Rental Briefing Tel: +44 (0)1892 786 241 E-mail: [email protected]
Ollie Hodges Vice President, Sales Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA
International Rental News newsletter

Rental Intelligence — When You Need It, How You Need It

Stay ahead with industry trends, expert insights and global news — in your inbox.

Sign me up