Corporate
Outlook: Positive
Action date: 04/06/2021
Rating action: New

GENERAL DE ALQUILER DE MAQUINARIA SOCIEDAD ANONIMA

Axesor Rating has assigned GAM a BB rating with positive outlook. GAM is a group specialized in integral services of machinery rental and tailor-made solutions for lifting, handling, maintenance and energy needs. The company complements this activity by offering services such as maintenance of equipment, training, sale of new and used equipment, distribution and other auxiliary services. GAM, listed since 2006, is positioned as a reference company in the national market. In 2020, the company's turnover was € 133.6MM (-6.3% YoY), with an EBITDA of € 38.2MM (EBITDA margin of 28.6%). Adjusted NFD/EBITDA stood at year end in 3.8 times. GAM's capitalization reached € 150.4MM in April 2021 (01/04).

Rating

Solicited
Date last rating: 04/06/2021
Date first rating: 04/06/2021