Extract from stock exchange release published on 8th August 2012


In Europe there is a high level of uncertainty in the economy. The uncertainty increased during the second quarter and investment decisions are held back. Nevertheless, in Norway, the Baltic countries and Russia, the demand for equipment rental is still growing.

On a general level, the growth predictions for construction activities and equipment rental have come in at a lower level during the spring. However, the demand situation in Cramo’s main market areas can still be described as satisfactory.

Euroconstruct, the construction market analysts, in their June market forecast predict about a three per cent decline for construction activity in Finland and Sweden for 2012. For construction in Norway, Denmark and Germany, Euroconstruct forecasts a growth ranging between two and four per cent. The growth prediction for the Baltic countries is now over ten per cent and in Russia the growth forecast stays at five per cent. The rental market is normally growing faster than the underlying construction market.

Cramo believes that in spite of the economic uncertainty, rental services will continue to be a growth industry. In periods of uncertainty, fleet renting is an interesting alternative for construction companies when allocating investment funds.



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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.