GAM has announced a year-end 2024 with figures that exceed expectations, reaching a turnover of 304 million euros, which represents an increase of 8% compared to the 280,9 million recorded in 2023. This sustained growth has been driven by prudent financial management and a strategy focused on the sustainability and operational efficiency.
The company's EBITDA has seen a significant increase of 9,5%, reaching 80,7 million euros, demonstrating a significant improvement in profitability. EBIT has stood at 25,2 million euros, maintaining a positive performance despite the economic challenges of the environment. The company's net profit was 4.4 million Euros, (8,3 million Euros, without considering the impact of the launch of the Sustainability Project)
"We are very pleased with the results obtained in 2024. Our focus on diversification and the international expantion"Our commitment to sustainability, along with our dedication to innovation, has been key to achieving this growth," a GAM spokesperson stated. "We will continue to invest in innovation and improving our services to further deliver value to our customers and shareholders."
Evolution by Business Lines:
GAM's growth has been driven by the positive performance of all its business lines. The segment of renting and outsourcing The company's short-term rental and services business also posted a solid growth of 15%, reaching 79,2 million euros.
The non-CAPEX business, which includes distribution, maintenance and training, achieved a turnover of 111,1 million euros, experiencing a growth of 6% compared to the previous year.
International Expansion and Geographic Diversification:
GAM's international expansion strategy has borne fruit, strengthening its presence in key markets such as Mexico, Portugal, Morocco and Saudi Arabia. Mexico has experienced a growth of 27%, consolidating itself as one of the markets with the greatest potential for the company. Morocco and Saudi Arabia have registered an increase of 22%, while Portugal has grown by 17%. In Spain, growth has been 5%, which demonstrates the stability of this market within GAM's global business.
“Our geographic diversification has allowed us to mitigate risks and capitalize on opportunities in different markets,” commented a GAM executive. “We will continue to expand our international presence and adapt to the needs of each region.”
In addition, GAM has strengthened its business model through strategic initiatives such as Reviver and Inquieto, which seek to offer innovative and sustainable solutions for the industry. These initiatives have contributed to the optimization of resources and the reduction of operating costs, strengthening the company's competitiveness in the long term.
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