Consolidated income statement

EUR 1,000 Note 1 Jan – 31 Dec 2018 1 Jan – 31 Dec 2017
Sales 2, 20 779,767 729,544
Other operating income 21 18,426 19,374
Materials and services 22 -259,407 -240,426
Employee benefit expenses 23 -165,555 -157,724
Other operating expenses 24 -129,483 -119,651
Depreciation and impairment on tangible assets 25 -120,214 -111,513
Amortisation and impairment resulting from acquisitions 25 -4,541 -3,428
Share of profit of joint ventures 7 503 1,079
Operating profit 119,496 117,255
Financial income 12,388 14,921
Financial expenses -26,616 -26,962
Total financial income and expenses 26 -14,228 -12,042
Profit before taxes 105,268 105,213
Income taxes 27 -20,569 -20,964
Profit for the year 84,699 84,249
Attributable to
  Owners of the parent  company 84,699 84,249
Earnings per share for profit attributable to owners of the parent company
Basic, EUR 28 1.90 1.89
Diluted, EUR 28 1.89 1.88
Profit for the year 84,699 84,249
Other comprehensive income 27
Items that will not be reclassified to profit or loss:
  Remeasurements on retirement benefit liabilities, net of tax -35 30
Total items that will not be reclassified to profit or loss -35 30
Items that may be reclassified subsequently to profit or loss:
  Change in hedging fund, net of tax 534 2,276
  Available for sale financial assets
  Share of other comprehensive income of joint ventures -1,778 -1,290
  Transferred to income statement through liquiditation (Indirect translation changes)
  Change in translation differences 10 -11,847 -15,823
Total items that may be reclassified subsequently to profit or loss -13,091 -14,837
Total other comprehensive income, net of tax -13,126 -14,807
Total comprehensive income for the year 71,573 69,441
Attributable to
   Owners of the parent company 71,573 69,441




  • 21 Jan 2020 - 10 Feb 2020Silent period
  • 11 Feb 2020Financial Statements Bulletin for 2019
  • 2 Mar 2020 - 10Mar2020Annual Report 2019 published in week 10

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.