- EBITDA grows by 12%, debt is reduced by 35%, and business profitability improves significantly.
- During the fiscal year, over 20 million euros have been invested to expand and improve the machinery fleet, thereby boosting commercial activity.
At the end of the third quarter, GENERAL DE ALQUILER DE MAQUINARIA – GAM - achieved a 2% increase in accumulated sales compared to the same period last year, totaling 79.9 million euros.
A notable improvement in profitability has also been achieved, with EBITDA reaching 16.2 million euros, representing a 12% increase over the previous year.
In the third quarter, the Company achieved – after many quarters of losses – a net profit of 11 million euros, bringing the accumulated result for the year to three million euros.
On the other hand, debt has been reduced by 35%.
The main goal of the company now is to improve business and profitability in line with what has been achieved during this period. To date, over 20 million euros have been invested to enhance and improve the machinery fleet and to support and cover the increased commercial activity being deployed.
