Extract from stock exchange release published on 30th October 2013

During the summer and autumn, economic uncertainty in Europe has turned into a steadier development. Demand for equipment rental services developed satisfactorily in many of Cramo’s market areas during the third quarter. The economies in the Eurozone are estimated to take an upward turn in 2014.

There are still considerable differences among European markets related to construction activity and demand for rental services. In its June forecast, the construction market analyst Euroconstruct estimates 2013 construction activity to decline in Finland, Sweden, Poland, Estonia, the Czech Republic and Slovakia. According to Euroconstruct, growth can be expected this year in Norway, Denmark, Germany, Latvia, Lithuania and Russia. Forecasts for 2014 indicate a certain growth in most markets.

In the long run, the equipment rental market normally grows faster than the underlying construction market. Changes in demand usually follow those in construction with a certain delay and may be strong. In addition to construction activity, other factors affecting demand for equipment rental include industrial investments and the increase in penetration rate for rentals. According to a forecast published by European Rental Association (ERA) in October, equipment rental will increase in 2013 in Sweden, Norway and Germany, but will decrease in Finland, Denmark and Poland. In 2014, ERA predicts equipment rental to grow in all of Cramo’s main market areas.

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.