Consolidated income statement

EUR 1,000 Note 1 Jan – 31 Dec 2016 1 Jan – 31 Dec 2015
Sales 712,287 667,877
Other operating income 20 17,398 13,462
Materials and services 21 -239,402 -236,619
Employee benefit expenses 22 -155,831 -143,899
Other operating expenses 23 -117,081 -115,510
Depreciation and impairment on tangible assets 24 -111,962 -100,878
Share of profit/loss of joint ventures 7 1,330 395
Amortisation and impairment resulting from acquisitions and disposals 24 -8,034 -8,114
Operating profit 98,705 76,714
Financial income 9,784 11,038
Financial expenses -21,633 -23,961
Total financial income and expenses 25 -11,849 -12,923
Profit before taxes 86,856 63,791
Income taxes 26 -18,287 -14,075
Profit for the year 68,569 49,715
Attributable to
  Owners of the parent  company 68,569 49,715
Earnings per share for profit attributable to owners of the parent company
Basic, EUR 27 1.54 1.13
Diluted, EUR 27 1.53 1.12
Profit for the year 49,715
Other comprehensive income 26
Items that will not be reclassified to profit or loss:
  Remeasurements on retirement benefit liabilities, net of tax 5 59
Total items that will not be reclassified to profit or loss 5 59
Items that may be reclassified subsequently to profit or loss:
  Change in hedging fund, net of tax -1,498 1,088
  Available for sale financial assets
  Share of other comprehensive income of joint ventures 3,348 -2,040
  Transferred to income statement through liquiditation (Indirect translation changes) -267
  Change in translation differences -13,347 6,778
Total items that may be reclassified subsequently to profit or loss -11,764 5,826
Total other comprehensive income, net of tax -11,759 5,885
Total comprehensive income for the year 56,810 55,600
Attributable to
   Owners of the parent company 56,810 55,600

Annual Report 2016

Business Review for January-September 2017 published


  • 19 Jan 2018 - 8 Feb 2018Silent period
  • 9 Feb 2018Financial Statements Bulletin 2017
  • 5 Mar 2018 - 11 Mar 2018Electronic version of Annual Report 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 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.