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.