Review by the President and CEO

Extract from the Stock Exchange Release published on 25 October 2017:

During the third quarter, the group organic sales growth in local currencies was 5.5% and comparable EBITA increased by 3.2%. Equipment rental division’s result was stable; organic sales increased and market demand continued on a good level in our main markets. Comparable EBITA remained close to the previous year’s level. During the quarter, we completed the divestment of Danish equipment rental operations and our Latvian and Kaliningrad operations.

In modular space, we had a high number of deliveries, which resulted in strong sales growth and profit improvement. We are still not satisfied with our performance in modular space and see a lot more potential within the division. We have determined actions to improve project control and other operative processes in order to increase the profitability of the modular space business further.

Looking ahead, the outlook for modular space rental market development is positive and we continue to invest for growth. Furthermore, in equipment rental, the market is still expected to grow but at a slower pace.

Annual Report 2016

Business Review for January-September 2017 published

Calendar

  • 9 Feb 2018Financial Statements Bulletin 2017
  • 5 Mar 2018 - 11 Mar 2018Electronic version of Annual Report 2017
  • 28 Mar 2018Annual General Meeting 2018

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.