The turnover reaches 130.7 million, with increases in all business lines, and EBITDA grows by 25% to reach 34.4 million euros.
Granda (Asturias), July 31, 2023 – The Spanish multinational GAM (BME: GAM), a company specializing in comprehensive solutions for the industry, has presented the results for the first half of 2023, with high growth in all its business lines allowing it to maintain a good profitability index.
At the end of the first half of 2023, turnover increased by 22% to 130.7 million euros. The EBITDA margin reaches 34.4 million euros, growing by 25%, which represents 26% of sales. Meanwhile, GAM's result reached 4 million euros, compared to 2.4 million the previous year, representing a 71% growth.
Double-digit growth
The double-digit growth in all business lines is maintained, continuing the diversification strategy included in the business plan.
Thus, recurring service revenues (Long Term) increased by 38% to 32 million euros, already representing 25% of the Group's revenues. Meanwhile, short-term rental and service business grew by 15%, reaching 50.2 million euros.
Capex-free businesses (those that do not require additional investment, such as Distribution, Training, Maintenance, or Buying and Selling), grew by 19% to 48.5 million euros
