Extract from stock exchange release published on 7 February 2017

Construction market is estimated to have increased in 2016 in all Nordic countries as well as in Germany and Austria. According to Euroconstruct’s estimate, growth was nearly 7% in Finland, Sweden and Norway. In Denmark, Germany and Austria, construction increased by approximately 1.6–2.5%. In Poland, the Czech Republic, Slovakia, the Baltic countries and Russia, construction decreased.

The demand for equipment rental services usually follows the development of construction with a delay. In addition to construction volume, the demand 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 increased by migration flows within countries and changes in demographics. Cramo believes that the long-term demand for both equipment rental and modular space is also supported by megatrends, such as urbanisation, the sharing economy and the increasing emphasis on sustainability.

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

In Cramo countries, the construction market outlook for 2017 is mainly positive. The construction market analysts Euroconstruct and Forecon estimate that construction will increase in all of Cramo’s operating countries with the exception of the Czech Republic, Lithuania and Russia. Construction market is estimated to grow approximately 1 – 3 % in Finland, Sweden, Norway and Denmark and Germany. However, Swedish Construction Federation (Sverige’s Byggindustrier) estimates 5% growth for Sweden. ERA forecasts that the equipment rental market will grow in all of Cramo’s operating countries that are within the scope of ERA’s forecast.

(All construction market forecasts presented in this review are estimates by Euroconstruct, unless otherwise stated.)

Annual Report 2016

Business Review for January-September 2017 published

Calendar

  • 19 Jan 2018 - 8 Feb 2018Silent period
  • 9 Feb 2018Financial Statements Bulletin 2017
  • 5 Mar 2018 - 11 Mar 2018Electronic version of Annual Report 2017

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.