Extract from stock exchange release published on 8th May 2014

Eurozone economies are expected to resume growth in 2014. Growth is expected particularly in the second half of the year. The Ukrainian crisis has brought uncertainty to growth expectations. However, its effects have been limited to Russia and Ukraine. If the crisis expands materially to continental Ukraine or the EU implements severe economic sanctions, the crisis may have a stronger effect on construction and the demand for rental services in some of Cramo’s countries of operation.

For the time being the general expectation of economic revival in Europe in 2014 remains unchanged.

However, market-specific differences in construction and the demand for rental services are considerable. In its November forecast, Euroconstruct estimated that construction would increase in the Nordic countries, Germany, Poland and Lithuania in 2014. In Norway, positive signs regarding residential construction were received in April, indicating that apartment prices had begun to rise again during the winter.

In the long term, the equipment rental market is expected to grow faster than construction. Changes in demand usually follow those in construction with a delay and may be strong. In addition to construction, the demand for equipment rental services is affected by industrial investments and the rental penetration rate.

The European Rental Association (ERA) is expecting equipment rental to increase in all of Cramo’s main markets in 2014.

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.