LoxamHune achieves an Ebitda of 35 million in the first semester, 44% more

MADRID, 31 Jul.

LoxamHune achieves an Ebitda of 35 million in the first semester, 44% more


LoxamHune, a subsidiary in Spain and Portugal of Grupo Loxam, a machinery rental company in Europe, achieved a gross operating result (Ebitda) of 34.8 million euros in its operations during the first half of this year, 44% more than the same period last year.

These data are attributed by the company mainly to cost control and the improvement of its service with an "adequate price".

Likewise, the group has reported that all areas of the company grow at least 15% compared to 2022 (especially Portugal, with 53%), as well as the business lines, highlighting the rental of light machinery and 'Do It Yourself' (DIY) which doubles sales from last year thanks to new openings and agreements with Leroy Merlin and Bauhaus.

Loxam Hunes explains that the results of this first half of the year include the integration on May 1 of Talleres Arteixo, acquired in July 2022. An operation that complements its current network in the northwest of Spain.

The company points out that the main cause of the increase is the record investment in 2022, 50 million euros, for the renewal of the machinery park, as well as the 41 million planned for this 2023.

The group indicates in a statement that, with the end of the first half of the year, the first six months of management of the last company acquired in 2022 by the Loxam Group, HR Aluguer de Equipamentos (HRE), in Portugal, also culminate.

In this way, and together with Hune Aluguer, which already operated under the LoxamHune brand, in Portugal it achieved a turnover of 9.7 million euros and an Ebitda of 5.2 million, (53.7%), growing 72% compared to to 2022 in the total of the two companies.

"These figures presage that this year we will exceed 160 million euros, which would mean a growth of more than double the budgeted amount," says the CEO of LoxamHune, Luis Ángel Salas.

Finally, LoxamHune informs that it is already working on the opening of a delegation with generalist and lifting machinery in the province of Huelva and on the transfer to better facilities of the Vic and La Roca delegations, the latter dedicated exclusively to the line module business.