Extract from stock exchange release published on 29 October 2015

The national economies in Europe are taking an upward turn but growth is still estimated to be modest in many countries and there are significant country-specific differences. The European Central Bank’s monetary stimulus is expected to improve the economic outlook for the eurozone. The decline in the oil price is expected to have a positive impact on economic development with the exception of Norway and Russia. The greatest uncertainties about economic development are related to the geopolitical situation and the risks related to the European financial markets and currency rate fluctuations.

In Europe, market-specific differences are considerable also in the development of construction and the demand for rental services. In their reports published in June, the construction market analysts Euroconstruct and Forecon estimated that in 2015, construction would increase in all of Cramo’s operating countries with the exception of Finland, where construction will remain on par with the previous year, and Estonia, Latvia and Russia, where construction will decline.

In the long term, the equipment rental market is expected to grow faster than construction. Changes in demand usually follow those in construction with a delay. In addition to construction, the demand for equipment rental services is affected by industrial investments and the rental penetration rate.

According to its June forecast, the European Rental Association (ERA) expects equipment rental services to increase in all of Cramo’s main markets in 2015. The growth is expected to somewhat strengthen compared to 2014.

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.