Cramo Oyj - Company Announcement

Cramo gives a specific guidance for 2013

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