The general economic uncertainty is still at a high level in Europe. So far the uncertainty has not had any significant effects on Cramo’s business.
Euroconstruct, the construction market analyst, predicted in its November-December market forecast a two per cent decline for construction activity in Finland in 2012. However, VTT Technical Research Centre of Finland predicts a growth rate of four per cent for equipment rental in Finland. For construction in Sweden, Norway, Denmark and Germany, Euroconstruct forecasts growth ranging between two and six per cent in 2012. Consequently, also equipment rental is expected to grow. In Eastern Europe, the outlook is positive, particularly in Russia, Poland and Estonia.
Cramo is maintaining contingency plans for the event of a weaker market in the second half of 2012.
Cramo believes that in spite of the general economic uncertainty, rental services continue to be a growth industry. Arrangements whereby companies outsource their equipment fleet to a rental service company are attractive to many companies, especially in periods of uncertainty.