Cramo gives a specific guidance for 2013 Vantaa, F

Vantaa, Finland, 2013-10-21 12:45 CEST (GLOBE NEWSWIRE) -- Cramo Plc    Stock Exchange Release 21 October 2013 at 1.45 pm (EET)

Cramo gives a specific guidance for 2013

In its previous guidance, Cramo indicated a high level of uncertainty in relation to its sales and profitability development in 2013. Uncertainty has now decreased and Cramo gives a more specific guidance for 2013.

The new specific guidance is: ”In 2013, the Group’s sales will be lower than in 2012. However, the Group’s business demonstrates a good continuity over time. In 2013, already implemented and on-going efficiency measures will yield an improvement in EBITA margin percentage compared with the previous year. ”

Cramo Plc’s previous guidance was: “Referring to the market outlook, which pictures high uncertainty in Cramo’s market areas, the Board does not consider it prudent to give a guidance on Group sales either growing or declining in 2013. However, the Group’s business demonstrates a good continuity over time. In 2013, already implemented and on-going efficiency measures are likely to yield an improvement in EBITA margin percentage compared with the previous year.”

The economic uncertainty in Europe has decreased during the summer and autumn. In the Cramo Group the improvement in profitability that started in the second quarter continued during the third quarter. The improvement is related to cost savings and other efficiency measures as well as to the implementation of Cramo’s strategy. The most significant reasons for the sales decline are the divestment of Cramo’s modular space production and customised space rental businesses in Finland in March 2012 and the transfer of Cramo’s Russian operations into a joint venture on 1 March 2013.

Cramo’s interim report for 1-9/2013 will be published on 30 October, 2013.

CRAMO PLC

Vesa Koivula President and CEO

Further information: Vesa Koivula, President and CEO, tel. 040 510 5710 Martti Ala-Härkönen, CFO, tel. +358 40 737 6633

Distribution NASDAQ OMX Helsinki Oy Major media www.cramo.com

Cramo is one of the largest equipment rental service companies in Europe, specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 400 depots. With a group staff around 2.550, Cramo's consolidated sales in 2012 was EUR 690 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. Further information: www.cramo.com