Consolidated income statement

EUR 1,000 Note 1 Jan – 31 Dec 2017 1 Jan – 31 Dec 2016
Sales 729,544 712,287
Other operating income 20 19,374 17,398
Materials and services 21 -240,426 -239,402
Employee benefit expenses 22 -157,724 -155,831
Other operating expenses 23 -119,651 -117,081
Depreciation and impairment on tangible assets 24 -111,513 -111,962
Share of profit/loss of joint ventures 7 1,079 1,330
Amortisation and impairment resulting from acquisitions and disposals 24 -3,428 -8,034
Operating profit 117,255 98,705
Financial income 14,921 9,784
Financial expenses -26,962 -21,633
Total financial income and expenses 25 -12,042 -11,849
Profit before taxes 105,213 86,856
Income taxes 26 -20,964 -18,287
Profit for the year 84,249 68,569
Attributable to
  Owners of the parent  company 84,249 68,569
Earnings per share for profit attributable to owners of the parent company
Basic, EUR 27 1.89 1.54
Diluted, EUR 27 1.88 1.53
Profit for the year 84,249 68,569
Other comprehensive income 26
Items that will not be reclassified to profit or loss:
  Remeasurements on retirement benefit liabilities, net of tax 30 5
Total items that will not be reclassified to profit or loss 30 5
Items that may be reclassified subsequently to profit or loss:
  Change in hedging fund, net of tax 2,276 -1,498
  Available for sale financial assets
  Share of other comprehensive income of joint ventures -1,290 3,348
  Transferred to income statement through liquiditation (Indirect translation changes) -267
  Change in translation differences -15,823 -13,347
Total items that may be reclassified subsequently to profit or loss -14,837 -11,764
Total other comprehensive income, net of tax -14,807 -11,759
Total comprehensive income for the year 69,441 56,810
Attributable to
   Owners of the parent company 69,441 56,810


Business Review Q4 2018

Business Review for January-December 2018 was published on 8 February 2019.


  • 25 Mar 2019Last day to register for AGM
  • 28 Mar 2019Annual General Meeting 2019
  • 1 Apr 2019Dividend record date

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 300 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.