Extract from stock exchange release published on 8 February 2019

The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2019 in all of Cramo’s operating countries within the scope of ERA’s forecast varying approximately between 4 to 6%. Forecon estimates that the equipment rental market will grow in 2019 by 3 % in Finland, 1% in Sweden and 2% in Estonia and 6% in Lithuania.

In equipment rental, changes in demand usually follow the construction market with a delay. The construction market outlook for the year 2019 includes large country-specific differences. According to Euroconstruct November 2018 estimates, the construction market will decrease by 3.8% in Sweden and by 1.2% in Finland mainly due to a decline in residential construction. In Norway, construction market is expected to grow by a solid 4%. In Germany and Austria, growth is forecasted to be 0.1-1.5%. Growth is rapid in the Czech Republic, Slovakia, Hungary and Poland, where Euroconstruct estimates on average 9.1% market growth. Forecon’s construction market growth estimate for Lithuania and Russia is approximately 2-4% whereas in Estonia the market is forecasted to decline slightly by 1%. The Sveriges Byggindustrier is projecting that the Swedish construction market will decline by 3% according to their latest October estimate. The Confederation of the Finnish Construction Industries forecasted in October that the peak in the construction market is expected to be reached in 2019 and a slight decrease is projected thereafter.

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.