Ramirent - Company Announcement

RAMIRENT REVISES ITS FULL YEAR 2014 OUTLOOK

RAMIRENT PLC        COMPANY ANNOUNCEMENT      16 DECEMBER 2014  at 17:45

Vantaa, Finland, 2014-12-16 16:45 CET (GLOBE NEWSWIRE) -- 




Magnus Rosén, President and CEO comments: “Due to the accelerating impact on
our main markets of geopolitical uncertainty combined with rapidly declining
oil price, we anticipate a moderate decline in the net sales level in the
fourth quarter compared to fourth quarter 2013. As a result, our investments in
the rental fleet are held back. In addition, we are taking further measures to
improve the performance. Restructuring measures and write-downs are expected to
have a EUR 4 million negative effect on fourth quarter 2014 EBITA.” 

The updated Ramirent outlook is:

“Ramirent's fourth quarter 2014 net sales are expected to decline moderately
compared to fourth quarter 2013. Contingency actions are being undertaken and
the full year 2014 EBITA will be further impacted negatively by restructuring
measures and write-downs of approximately EUR 4 million in the fourth quarter
2014. Full year 2014 capital expenditure on non-current assets, excluding
acquisitions, is expected to be approximately 10% lower than in 2013.” 

The previous Ramirent outlook was:

“The economic growth in 2014 is expected to be modest and construction market
demand remains mixed in our core markets. Ramirent will maintain strict cost
control and, for 2014, capital expenditure is expected to be around the same
level as in 2013. The strong financial position will enable the Group to
continue to address profitable growth opportunities.” 

Ramirent will release its full year 2014 results on 12 February 2015.




RAMIRENT PLC

Magnus Rosén
President and CEO

FURTHER INFORMATION
Magnus Rosén, President and CEO, tel. +358 20 750 2845
Jonas Söderkvist, CFO and EVP Corporate Functions, tel.+358 20 750 3248


DISTRIBUTION:
NASDAQ OMX Helsinki
Main news media
www.ramirent.com


Ramirent is More Than Machines™. We are a leading rental equipment group
combining the best equipment, services and know-how into rental solutions that
simplify customer business. We serve a broad range of customers, including
construction and process industries, services, the public sector and
households. In 2013, Group sales totalled EUR 647 million. The Group has 2,600
employees at 302 customer centres in 10 countries in the Nordic countries and
in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki
Ltd.