Extract from stock exchange release published on 1st April, 2009

At the Annual General Meeting of shareholders of Cramo Plc on April 1, 2009, the company’s President and CEO Vesa Koivula commented in his speech the current market conditions as follows:

“As anticipated, the economic operating environment in Cramo’s markets has continued to weaken in the first quarter of 2009. The amount of construction is expected to fall in all the Nordic as well Central and Eastern European markets in 2009. However, after the first two months of 2009 Cramo’s EBITA is still positive, supported by good performance in modular space and satisfactory performance in Sweden, Finland and Norway.

Fluctuating demand on one hand, and timing of savings programs and related one-off restructuring costs on the other, will lead to increased volatility in single quarterly results in 2009.

On a yearly level, the Group reiterates its guidance for 2009: “In 2009, consolidated sales and EBITA margin will not reach the levels recorded in 2008. However, the Group’s cash flow after investments is expected to stay positive.”

Cramo continues its systematic cost adjustment measures to protect its profitability and its cash flow in all situations. We expect to reduce our headcount by over 20 per cent from the high in August 2008.

Our new estimate for total cost savings to be recorded in 2009 reads: in excess of 30 million euros.”

BUSINESS REVIEW FOR JANUARY-DECEMBER 2018

Business Review Q4 2018

Business Review for January-December 2018 was published on 8 February 2019.

Calendar

  • 25 Mar 2019Last day to register for AGM
  • 28 Mar 2019Annual General Meeting 2019
  • 1 Apr 2019Dividend record date

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.