RAMIRENT PUBLISHES SEGMENT EBITA FIGURES FOR 2012 AND FOR JANUARY–SEPTEMBER 2013

RAMIRENT PLC COMPANY ANNOUNCEMENT 28 NOVEMBER 2013 at 8:00

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| Source: Ramirent Oyj
multilang-release

 


Ramirent publishes additional financial information connected to today’s Capital Markets Day in Helsinki. Ramirent publishes EBITA and EBITA margin figures by segment level as well as at Group level. EBITA is operating result before amortisation and impairment of intangible assets.

Comparison figures of net sales, EBITA and EBITA margin for 2012 and for the first nine months of 2013 are presented in tables below.

 

QUARTERLY NET SALES FOR 2012 AND 2013



NET SALES
Q3
2013

Q2
2013

Q1
2013

Q4
2012

Q3
2012

Q2
2012

Q1
2012
(MEUR)              
FINLAND 41.8 36.4 35.1 41.7 45.0 41.4 38.4
SWEDEN 51.1 53.1 50.3 57.9 53.0 50.9 48.1
NORWAY 35.9 38.8 38.1 51.0 41.1 38.1 43.7
DENMARK 11.9 11.2 9.1 12.2 11.4 11.2 9.8
EUROPE EAST 9.8 7.6 9.7 17.4 18.8 15.0 12.2
EUROPE CENTRAL 16.9 14.1 11.0 16.2 17.9 15.3 13.3
Elimination of sales
between segments
−1.2 −0.4 −0.4 −2.3 −1.4 −2.2 −1.2
NET SALES TOTAL 166.2 160.8 152.8 194.1 185.9 169.7 164.3

 

QUARTERLY EBITA AND EBITA MARGIN FOR 2012 AND 2013

EBITA Q3
2013

Q2
2013
Q1
2013
Restated*
Q4
2012

Q3
2012

Q2
2012

Q1
2012
(MEUR and % of net sales)              
FINLAND 10.2 6.0 3.4 7.6 11.2 7.4 5.3
% of net sales 24.5% 16.6% 9.7% 18.3% 24.9% 17.7% 13.7%
SWEDEN 8.6 9.6 7.4 10.0 9.5 9.3 7.2
% of net sales 16.8% 18.0% 14.6% 17.2% 18.0% 18.3% 15.0%
NORWAY 6.3 7.9 5.0 7.1 7.0 6.0 4.5
% of net sales 17.6% 20.4% 13.0% 13.9% 17.0% 15.8% 10.3%
DENMARK −2.01) −0.0 −1.4 0.9 0.8 0.3 −0.1
% of net sales −17.3%1) −0.4% −15.9% 7.0% 7.3% 2.5% −1.5%
EUROPE EAST 3.5 0.1 11.02) 5.0 4.4 1.7 0.0
% of net sales 35.6% 0.8% 113.5%2) 28.9% 23.5% 11.2% −0.3%
EUROPE CENTRAL 1.23) 0.4 −2.3 0.4 0.6 0.4 −2.0
% of net sales 7.0%3) 2.7% −21.2% 2.2% 3.2% 2.4% −15.1%
Costs not allocated to segments −1.8 −1.2 −0.4 −1.5 −1.8 −0.3 −0.5
GROUP EBITA 25.94) 22.7 22.6 29.4 31.8 24.7 14.4
% of net sales 15.6%4) 14.1% 14.8% 15.2% 17.1% 14.6% 8.7%

1) EBITA excluding non-recurring items was EUR −0.6 (0.8) million or −4.7% (7.3%) of net sales in July–September 2013. The non-recurring items included a EUR 1.5 restructuring provision for the third quarter of 2013.
2) EBITA excluding non-recurring items was EUR 0.9 (0.0) or 9.1% (−0.3%) of net sales in January–March 2013.
The non-recurring items included a non-taxable capital gain of EUR 10.1 million from the formation of Fortrent booked in the first quarter of 2013.
3) EBITA excluding non-recurring items was 3.0 (0.6) million or 18.1% (3.2%) of net sales in July–September 2013. The non-recurring items included a EUR 1.9 million loss from disposal of Hungary.
4) Group EBITA excluding non-recurring items was EUR 29.3 (31.8) million or 17.6% (17.1%) of net sales.
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

 

 

NET SALES: JANUARY–SEPTEMBER 2013

NET SALES 1–9/13
1–9/12

Change
1–12/12
(MEUR)        
FINLAND 113.3 124.8 −9.2% 166.5
SWEDEN 154.5 152.1 1.6% 209.9
NORWAY 112.8 123.0 −8.3% 174.0
DENMARK 32.1 32.4 −1.0% 44.7
EUROPE EAST 27.1 45.9 −41.0%1) 63.3
EUROPE CENTRAL 42.0 46.4 −9.6%2) 62.7
Elimination of sales between segments −2.0 −4.7   −7.1
Net sales, total 479.8 519.9 −7.7%3) 714.1

1) Adjusted for the transfer of the Russian and Ukrainian operations to Fortrent as of March 1, 2013 net sales increased by 3.5% in January-September 2013.
2) Adjusted for the divestment of the Hungarian business the decrease in net sales was 8.1% in January-September 2013.
3) Adjusted for transferred or divested operations, net sales decreased by 4.0% in January-September 2013 at comparable exchange rates. 

  

EBITA AND EBITA MARGIN: JANUARY–SEPTEMBER 2013

EBITA 1–9/13 *Restated
1–9/12

Change
*Restated
1–12/12
(MEUR)        
FINLAND 19.7 23.8 −17.4% 31.4
% of net sales 17.4% 19.1%   18.9%
SWEDEN 25.5 26.1 −2.4% 36.1
% of net sales 16.5% 17.2%   17.2%
NORWAY 19.1 17.5 9.4% 24.6
% of net sales 17.0% 14.3%   14.1%
DENMARK −3.51) 1.0 n/a 1.8
% of net sales −11.0%1) 3.0%   4.1%
EUROPE EAST 14.62) 6.0 140.9% 11.1
% of net sales 53.8%2) 13.2%   17.5%
EUROPE CENTRAL −0.83) −1.1 −27.2% −0.7
% of net sales −1.9%3) −2.3%   −1.1%
Costs not allocated to segments −3.4 −2.5   −4.0
GROUP EBITA 71.24) 70.9 0.4% 100.3
% of net sales 14.8%4) 13.6%   14.1%

1) EBITA excluding non-recurring items was EUR −2.0 (1.0) million or −6.4% (3.0%) of net sales in January–September 2013. The non-recurring items included the EUR 1.5 restructuring provision for the third quarter of 2013.
2) EBITA excluding non-recurring items was EUR 4.4 (6.0) or 16.4% (13.2%) of net sales in January–September 2013.
The non-recurring items included the non-taxable capital gain of EUR 10.1 million from the formation of Fortrent booked in the first quarter of 2013.
3) EBITA excluding non-recurring items was 1.1 (−1.1) million or 2.6% (−2.3%) of net sales in January–September 2013. The non-recurring items included the EUR 1.9 million loss from disposal of Hungary.
4) Group EBITA excluding non-recurring items was EUR 64.4 (70.9) million or 13.4% (13.6%) of net sales.
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments


 

Vantaa, 28.11.2013

 

RAMIRENT PLC

Magnus Rosén
President and CEO

 

FURTHER INFORMATION:
Franciska Janzon, SVP, Marketing, Communications and IR, tel. +358 20 750 2859

 

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
The main media
www.ramirent.com

 

Ramirent is a leading equipment rental group delivering Dynamic Rental Solutions™ that simplify business. We serve a broad range of customers, including construction and process industries, shipyards, the public sector and households. In 2012, the Group’s net sales totalled EUR 714 million. The Group has 2,600 employees at 306 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.