Consolidated cash flow statement

EUR 1,000 Note 1 Jan – 31 Dec 2018 1 Jan – 31 Dec 2017
Cash flow from operating activities
Profit before tax 105,268 105,213
Adjustments
  Depreciation, amortisation and  impairment 25 124,754 114,941
  Share of profit of joint ventures 7 -503 -1,079
  Other non-cash corrections 29 -12,423 -14,601
  Finance cost (net) 26 14,228 12,042
Operating profit before changes in working capital 231,325 216,516
Change in working capital
  Change in inventories 550 -869
  Change in trade and other receivables -2,007 -14,625
  Change in trade and other payables 2,460 5,978
Cash generated from operations before financial items and tax 232,328 207,000
Interest paid -13,245 -7,189
Interest received 770 818
Other financial items -7,314 -1,678
Income taxes paid -17,050 -12,456
Net cash flow from operating activities 195,489 186,495
Cash flow from investing activities
Investments in tangible and intangible assets -212,735 -201,860
Sale of tangible and intangible assets 26,917 29,543
Acquisition of subsidiares and business operations, net of cash acquired  6 -160,037 -9,064
Disposals of subsidiaries and business combinations 27,969
Net cash flow from investing activities -345,855 -153,412
Cash flow from financing activities
Change in interest-bearing receivables 3,048 2,779
Repayments of finance lease liabilities  30 -2,395 -1,640
Proceeds from interest-bearing liabilities  30 270,721 29,042
Repayments of interest-bearing liabilities  30 -80,155 -36,114
Dividends paid -37,878 -33,348
Net cash flow from financing activities 153,340 -39,281
Change in cash and cash equivalents 2,975 -6,197
Cash and cash equivalents at beginning of the year 2,595 9,099
Cash and cash equivalents to Acquisitions/Disposals 872 -215
Exchange differences -51 -92
Cash and cash equivalents at year end 6,391 2,595

 

CRAMO’S CAPITAL MARKETS DAY WAS HELD ON 12 SEPTEMBER 2019 IN STOCKHOLM

Calendar

  • 10 Oct 2019 - 30 Oct 2019Silent period
  • 31 Oct 2019Business Review for January-September 2019

Welcome to Cramo Investor pages

Cramo is a service company specialising in equipment rental services. 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, 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 and equipment 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 300 depots, with a total number of rental items over 230,000, Cramo’s 2,600 employees serve over 150,000 customers in eleven countries.

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