Extract from stock exchange release published on 15 August 2019

The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2019 in all Cramo’s operating countries within the scope of ERA’s forecast, varying approximately between 4 to 6%. Forecon estimates that the equipment rental market will decrease in 2019 by 1% in Sweden, grow in Norway by 2% and in Lithuania by 6%, while in Finland and Estonia equipment rental market is indicated to remain at the same level as in 2018.

In equipment rental, changes in demand usually follow the construction market with a delay. The construction market outlook for the year 2019 includes large country-specific differences. According to Euroconstruct June 2019 estimates, the construction market will decrease by 3.2% in Sweden and by 1.9% in Finland, mainly due to a decline in residential construction and new building. In Norway, the construction market is expected to grow by a solid 4.7%. In Germany and Austria, growth is forecasted to be 0.2–1.8%. Growth is rapid in the Czech Republic, Slovakia, Hungary and Poland, where Euroconstruct estimates on average 7.4% market growth. Forecon’s construction market growth estimate for Lithuania and Russia is approximately 2–3%; the Estonia market is indicated to decrease by 2%. The Sveriges Byggindustrier kept their latest construction market outlook unchanged in April 2019, indicating that the Swedish construction market will decline by 3% in 2019. The Confederation of Finnish Construction Industries forecasted in April 2019 that the peak in the construction market has been reached and a slight decrease is projected thereafter.

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.