Financial information for 2016 according to new segment structure

| Source: Cramo Oyj Cramo Oyj

Vantaa, Finland, 2017-02-16 08:00 CET (GLOBE NEWSWIRE) -- Cramo Plc     Stock Exchange Release 16 February, 2017 at 09.00 am (EET)

Financial information for 2016 according to new segment structure

As of the first quarter 2017 Cramo has decided to publish its financial information according to the new segment structure. The financial information by the new segment structure for the financial year 2016 is provided below.
 

Sales (EUR 1,000) 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 85,710 182,792 275,135 378,839
Equipment rental, Finland and Eastern Europe 28,131 62,548 101,184 138,633
Equipment rental, Central Europe 13,795 33,915 57,584 77,888
Eliminations 0 -3 -25 -31
Equipment rental 127,637 279,252 433,878 595,329
Modular space 28,014 55,680 86,027 117,603
Non-allocated & eliminations -215 -393 -518 -646
Group 155,436 334,539 519,387 712,287
         
EBITA (EUR 1,000) 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 10,783 26,766 45,683 60,867
Equipment rental, Finland and Eastern Europe -495 4,648 15,217 21,667
Equipment rental, Central Europe -3,381 -1,583 2,171 3,787
Eliminations 14 -99 -176 -162
Equipment rental 6,920 29,732 62,895 86,159
Modular space 7,949 15,043 22,539 30,753
Non-allocated & eliminations -1,911 -5,204 -6,933 -10,173
Group 12,958 39,570 78,501 106,739
         
EBITA margin 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 12.6 % 14.6 % 16.6 % 16.1 %
Equipment rental, Finland and Eastern Europe -1.8 % 7.4 % 15.0 % 15.6 %
Equipment rental, Central Europe -24.5 % -4.7 % 3.8 % 4.9 %
Equipment rental 5.4 % 10.6 % 14.5 % 14.5 %
Modular space 28.4 % 27.0 % 26.2 % 26.2 %
Group 8.3 % 11.8 % 15.1 % 15.0 %
         
EBIT (EUR 1,000) 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 10,183 25,620 44,035 58,726
Equipment rental, Finland and Eastern Europe -1,138 3,365 13,295 17,831
Equipment rental, Central Europe -3,411 -1,642 2,083 3,670
Eliminations 14 -99 -176 -162
Equipment rental 5,648 27,244 59,237 80,065
Modular space 7,937 15,019 22,503 30,705
Non-allocated & Eliminations -1,911 -5,204 -6,933 -12,065
Group 11,674 37,059 74,807 98,705

 

EBIT margin 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 11.9 % 14.0 % 16.0 % 15.5 %
Equipment rental, Finland and Eastern Europe -4.0 % 5.4 % 13.1 % 12.9 %
Equipment rental, Central Europe -24.7 % -4.8 % 3.6 % 4.7 %
Equipment rental 4.4 % 9.8 % 13.7 % 13.4 %
Modular space 28.3 % 27.0 % 26.2 % 26.1 %
Group 7.5 % 11.1 % 14.4 % 13.9 %

 

CAPITAL EMPLOYED (EUR 1,000) 3/16 6/16 9/16 12/16
Equipment rental, Scandinavia 385,670 383,714 387,354 372,409
Equipment rental, Finland and Eastern Europe 159,580 166,347 174,730 173,514
Equipment rental, Central Europe 85,061 89,789 92,318 92,871
Eliminations -175 -290 -367 -353
Equipment rental 630,136 639,560 654,035 638,441
Modular space 255,970 265,541 276,770 295,943
Non-allocated & Eliminations 624 28,617 28,399 27,444
Group 886,730 933,718 959,204 961,828
         
ROCE 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 12.0 % 14.0 % 15.3 % 15.6 %
Equipment rental, Finland and Eastern Europe 8.2 % 9.0 % 9.9 % 10.8 %
Equipment rental, Central Europe -2.4 % -0.2 % 1.9 % 4.0 %
Equipment rental 9.1 % 10.7 % 11.9 % 12.7 %
Modular space 12.9 % 12.3 % 11.8 % 11.1 %
Group 9.0 % 9.7 % 10.6 % 10.6 %
         
Comparable EBITA (EUR 1,000) 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 10,783 26,766 45,683 64,548
Equipment rental, Finland and Eastern Europe -495 4,648 15,217 22,312
Equipment rental, Central Europe -3,381 -1,583 2,171 3,787
Eliminations 14 -99 -176 -162
Equipment rental 6,920 29,732 62,895 90,485
Modular space 7,949 15,043 22,539 30,753
Non-allocated & eliminations -1,911 -5,204 -6,933 -10,173
Group 12,958 39,570 78,501 111,065
         
Comparable EBITA margin 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 12.6 % 14.6 % 16.6 % 17.0 %
Equipment rental, Finland and Eastern Europe -1.8 % 7.4 % 15.0 % 16.1 %
Equipment rental, Central Europe -24.5 % -4.7 % 3.8 % 4.9 %
Equipment rental 5.4 % 10.6 % 14.5 % 15.2 %
Modular space 28.4 % 27.0 % 26.2 % 26.2 %
Group 8.3 % 11.8 % 15.1 % 15.6 %
         
Comparable EBIT 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 10,183 25,620 44,035 62,407
Equipment rental, Finland and Eastern Europe -1,138 3,365 13,295 19,764
Equipment rental, Central Europe -3,411 -1,642 2,083 3,670
Eliminations 14 -99 -176 -162
Equipment rental 5,648 27,244 59,237 85,679
Modular space 7,937 15,019 22,503 30,705
Non-allocated & eliminations -1,911 -5,204 -6,933 -10,173
Group 11,674 37,059 74,807 106,212
         
Comparable EBIT margin 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 11.9 % 14.0 % 16.0 % 16.5 %
Equipment rental, Finland and Eastern Europe -4.0 % 5.4 % 13.1 % 14.3 %
Equipment rental, Central Europe -24.7 % -4.8 % 3.6 % 4.7 %
Equipment rental 4.4 % 9.8 % 13.7 % 14.4 %
Modular space 28.3 % 27.0 % 26.2 % 26.1 %
Group 7.5 % 11.1 % 14.4 % 14.9 %

 

Comparable ROCE 1-3/16 1-6/16 1-9/16 1-12/16
Equipment rental, Scandinavia 12.0 % 14.0 % 15.3 % 16.6 %
Equipment rental, Finland and Eastern Europe 8.2 % 9.0 % 9.9 % 12.0 %
Equipment rental, Central Europe -1.5 % 0.7 % 2.8 % 4.0 %
Equipment rental 9.2 % 10.9 % 12.1 % 13.6 %
Modular space 12.9 % 12.3 % 11.8 % 11.1 %
Group 9.3 % 9.9 % 10.7 % 11.4 %


Additional information about sales

Sales by country (EUR 1,000) 1-3/16 1-6/16 1-9/16 1-12/16
ER Sweden 67,036 144,383 217,090 298,595
MS Sweden 13,315 28,573 42,849 57,576
Eliminations -166 -322 -437 -557
Sweden 80,186 172,634 259,501 355,614
ER Finland 20,612 45,227 71,723 98,160
MS Finland 7,971 13,637 22,769 31,060
Finland 28,584 58,865 94,492 129,221
ER Germany 11,311 27,721 46,529 62,308
MS Germany 1,664 4,077 6,284 9,148
Germany 12,975 31,797 52,812 71,455
ER Norway 14,341 28,986 43,578 60,273
MS Norway 1,629 3,187 4,780 7,076
Norway 15,970 32,173 48,358 67,350
Other countries 17,721 39,070 64,224 88,647
Group 155,436 334,539 519,387 712,287


Calculation formulas

EBITA = Operating profit (EBIT) + amortisation and impairment on intangible assets (purchase price allocations) arising from acquisitions

Comparable EBITA = EBITA – items affecting comparability

Capital employed = Tangible assets + intangible assets + investments in joint ventures + net working capital

ROCE = EBIT rolling 12  months / average capital employed of starting balance and ending balance


CRAMO PLC

Leif Gustafsson
President and CEO

 

Further information:

Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10
Mr Aku Rumpunen, CFO, tel: +358 10 661 10, +358 40 556 3546
Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045

 

Distribution:

Nasdaq Helsinki Ltd.
Major media
www.cramogroup.com

 

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 320 depots. With a group staff around 2,600, Cramo's consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.

Read more: www.cramogroup.com, www.twitter.com/cramogroup