Extract from stock exchange release published on 3 August 2016

In Cramo countries, the construction market outlook for 2016 is positive. The construction market analysts Euroconstruct and Forecon estimate that construction will increase in all of Cramo’s operating countries with the exception of Latvia and Russia.

In equipment rental, changes in demand usually follow those in construction with a delay. In addition to construction volume, the demand for equipment rental services is affected by industrial investments and the increase in the rental penetration rate. Tightening legislation and the requirement to improve the efficiency and quality of construction increase the need for different types of rental-related services.

The demand for modular space is boosted by the increase in the need for and popularity of modifiable and easily implementable space solutions. Demand is also increased by migration flows within countries, demographical changes as well as by completely new applications, such as asylum seeker reception centres. Furthermore, we believe that the long-term demand for both equipment rental and modular space is supported by megatrends, such as urbanisation and the increasing emphasis on sustainability.

According to its June forecast, the European Rental Association (ERA) expects the use of equipment rental services to increase in 2016 in all of Cramo’s markets reported by ERA. According to Cramo’s estimate, the demand for modular space has increased in the Nordic countries by nearly 6% per year during the past five years. Cramo estimates that in Germany, market growth will be somewhat stronger.

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.