Consolidated cash flow statement

EUR 1,000 Note 1 Jan – 31 Dec 2016 1 Jan – 31 Dec 2015
Cash flow from operating activities
Profit before tax 86,856 63,791
Adjustments
   Depreciation, amortisation and  impairment 24 119,995 108,992
  Share of profit of joint ventures 7 -1,330 -395
  Other non cash corrections 28 -13,889 -8,806
  Finance cost (net) 25 11,849 12,923
Operating profit before changes in working capital 203,482 176,505
Change in working capital
  Change in inventories 59 880
  Change in trade and other receivables -8,237 -955
  Change in trade and other payables 1 6,636 11,484
Cash generated from operations before financial items and tax 201,941 187,914
Interest paid -10,570 -11,597
Interest received 916 1,193
Other financial items -5,501 3,192
Income taxes paid -14,596 -5,810
Net cash flow from operating activities 172,189 174,892
Cash flow from investing activities
Investments in tangible and intangible assets -195,374 -157,233
Sale of tangible and intangible assets 34,506 25,071
Acquisition of subsidiares and business operations, net of cash acquired  6 -3,999 -7,146
Net cash flow from investing activities -164,867 -139,309
Cash flow from financing activities
Change in interest-bearing receivables 1 2,352 2,388
Change in finance lease liabilities -7,592 -13,295
Proceeds from interest-bearing liabilities 61,320 7,000
Repayments of interest-bearing liabilities -29,400 -13,721
Proceeds from exercise of share options 376 4,049
Dividends paid -28,880 -24,128
Net cash flow from financing activities -1,824 -37,707
Change in cash and cash equivalents 5,499 -2,125
Cash and cash equivalents at beginning of the year 3,511 5,689
Exchange differences 89 -53
Cash and cash equivalents at year end 9,099 3,511

1 Starting from 2016, the reporting line of unpaid investments in the cash flow statement has been changed. The comparative period 1-12/2015 has been changed accordingly. As a result, the operating cash flow for 1-12/2015 decreased by EUR 8.0 million and cash flow from investing activities improved by EUR 8.0 million.

Annual Report 2016

Half Year Financial Report 2017 published

Calendar

  • 4 Oct 2017 - 24 Oct 2017Silent period
  • 25 Oct 2017Business Review for January-September 2017
  • 9 Feb 2018Financial Statements Bulletin 2017

Welcome to Cramo Investor pages

Cramo is a service company specialising in equipment rental services, as well as rental of modular space. Our equipment rental services comprise machinery and equipment rental as well as rental-related services.

As one of the industry’s leading service providers in Europe, Cramo operates in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Poland, Germany, Austria, Hungary, the Czech Republic and Slovakia. In Russia and Ukraine we operate under the brand of the 50 percent owned joint venture Fortrent.

Cramo provides modern rental solutions through the Cramo Concept. Under the Cramo Concept, construction companies and customers in trade, industry and the public sector, as well as private customers, are provided with machinery, equipment and modular space through different rental solutions and services.

By combining the product portfolio with its extensive offering of services, Cramo reduces the capital invested by its customers and can create total rental solutions for every need for both the short and long term.

Through a network of about 320 depots, with a total number of rental items over 230,000, Cramo’s 2,600 employees serve over 150,000 customers in fourteen countries.

Cramo is a Nordic Mid Cap Company in the Industrials sector on Nasdaq Helsinki Ltd.