Loxam not expecting strong recovery in 2021

Murray Pollok Managing Editor, IRN & Director of Content, KHL

17 March 2021

Loxam has reported a 6% increase in revenues to €1,989 million for the year 2020, although like-for-like – adjusting for the acquisition of Ramirent in July 2019 – revenues were 13% down.

Europe’s largest rental business said it was expecting a rebound in markets in 2021 but that government and EU stimulus efforts were unlikely to produce a strong recovery in its business this year.

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