Extract from stock exchange release published on 12th August, 2008

In spite of instability in financial markets, growth in rental services is expected to continue in Cramo’s business environment. In the Nordic countries, construction is predicted to continue growing in 2008, albeit at a lower rate compared to previous years. Even though overall growth in construction sees a decline in residential construction, industrial and commercial construction and civil engineering will continue to grow. In 2009, the construction sector is expected to continue to grow in Sweden, whereas there is more uncertainty regarding the other Nordic countries. Central and Eastern Europe are expected to see sustained growth. In the Baltics the construction market is down.

Equipment rental services are expected to grow faster compared to construction. This is related to increasing penetration rates, increased equipment outsourcing and growth in the demand for rental-related services. Continued growth is also anticipated in the demand for modular space, supported by relocations, demographic changes and the industry’s needs for increasingly flexible space solutions.

In 2008, the Group’s growth and geographic expansion have triggered a high equipment investment activity. However, the level of capital expenditure will normalise in the Nordic countries in 2009. Investments will continue in the growing Central and Eastern European markets.

The main sources of uncertainty in Cramo’s business are related to global economic developments, as well as the economic cycle and financial development of each country, interest and exchange rate fluctuations, and the success of the Group’s acquisitions.

The Group reconfirms its sales growth guidance at above 18% and an EBITA above 18% of sales in 2008, in line with the Group’s financial targets. Beyond, however, sudden macroeconomic developments may change this picture.

BUSINESS REVIEW FOR JANUARY-DECEMBER 2018

Calendar

  • 10 Jun 2019Capital Markets Day, Modular Business (Adapteo)
  • 12 Jun 2019Last day to register for EGM
  • 17 Jun 2019Extraordinary General Meeting

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.