Extract from stock exchange release published on 26 October 2018

The construction market outlook for the rest of the year 2018 is mainly positive in Cramo’s operating countries. Growth is expected to continue, although the country-specific variances are considerable. In many countries, the growth that accelerated in 2017 is predicted to slow down. According to Euroconstruct June estimates, the construction market will grow by 4.5% in Norway, 3.4% in Finland and 2.5% in Sweden in 2018. In Austria and Germany, growth is forecasted to be 0.8-1.6%. Growth is rapid in the Czech Republic, Slovakia, Hungary and Poland, where Euroconstruct estimates on average 10.4% market growth. Forecon’s construction market growth estimate for Estonia, Lithuania and Russia is 4-5%. The Sveriges Byggindustrier is projecting 2% growth for the Swedish construction market in 2018, according to their latest October estimate. In 2019, market is expected to decline by 3%. The Confederation of the Finnish Construction Industries forecasted in October that the construction market in Finland will grow by approximately 3% in 2018. The peak in the construction market is expected to be reached in 2019 and a slight decrease projected thereafter.

The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2018 in all of Cramo’s operating countries within the scope of ERA’s forecast. Forecon estimates that the equipment rental market will grow by approximately 3-5% in Finland, 1% in Sweden and 2% in Estonia and Lithuania in 2018. Forecon estimates that the equipment rental market will grow in 2019 by 3 % in Finland, 1% in Sweden and 1-2% in Estonia and Lithuania.

BUSINESS REVIEW FOR JANUARY-SEPTEMBER 2018

Calendar

  • 18 Jan 2019 - 7 Feb 2019Silent period
  • 8 Feb 2019Financial Statements Bulletin 2018
  • 4 Mar 2019 - 8 Mar 2019Annual Report 2018 published in week 10

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.