Extract from stock exchange release published on 13th August 2013

The economic uncertainty in Europe continues. However, market-specific differences in construction activity and demand for rental services are considerable. Despite the economic uncertainty, construction activity and demand for equipment rental services improved in most of Cramo’s market areas in the second quarter.

In its June forecast, the construction market analyst Euroconstruct estimates that construction activity will decline by approximately one per cent from the previous year in Finland in 2013, whereas the Confederation of Finnish Construction Industries RT estimates the decline to be three per cent. Euroconstruct forecasts construction activity in Sweden to decline by approximately one per cent, but the Swedish Construction Federation (Svensk Byggindustrier) forecasts a decline of three per cent. Construction activity is also estimated to decrease in Poland, Estonia, the Czech Republic and Slovakia. According to Euroconstruct, growth can be expected this year in Norway, Denmark, Germany, Latvia, Lithuania and Russia.

The equipment rental market normally grows faster than the underlying construction market, but changes in demand follow those in construction with a small delay and may be strong. According to the forecast published by European Rental Association (ERA) in May, equipment rental will increase in 2013 in all of Cramo’s main market areas.

In spite of an improvement in the equipment rental market after the difficult first months of the year, Cramo is still taking a cautious approach on 2013. The economic situation is believed to improve towards the end of the year in Cramo’s main markets.

(All construction market forecasts presented in this review are estimates by Euroconstruct, unless otherwise stated.)

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.