Financial information for 2016 according to new se
Post# of 301275
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
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