Ramirent - Company Announcement

RAMIRENT’S CAPITAL MARKETS DAY 2013: AIMING FOR SUSTAINABLE PROFITABLE GROWTH AND 300 BPS EBITA MARGIN IMPROVEMENT

RAMIRENT PLC                 COMPANY ANNOUCEMENT               28 NOVEMBER 2013
at 8:00 

Vantaa, Finland, 2013-11-28 07:00 CET (GLOBE NEWSWIRE) -- 



Ramirent is today hosting a Capital Markets Day in Helsinki for analysts and
investors. The aim of the event is to discuss the Group's strategic objectives
for the period 2014-2016. Ramirent has a balanced geographical business
portfolio with focus on the Baltic Rim where it enjoys a market leading
position. In recent years Ramirent has successfully implemented a number of
actions to develop its operational excellence, reduce risk and widen the
customer base. Over the next three years, the Group is aiming to achieve
sustainable profitable growth by maintaining these initiatives, whilst pursuing
a growth strategy based on extending the customer value proposition and
increasing the footprint both into new customer sectors and geographies. 

Ramirent's remains well capitalised and the company is reviewing strategic
opportunities. Capital will be put to productive use through high-return growth
investments and distributed to shareholders as appropriate. 

Ramirent's long-term financial targets:

1. Profit generation: Return on equity, ROE, of 18% over a business cycle

2. Leverage and risk: Net debt to EBITDA below 1.6x at the end of each fiscal
year 

3. Dividend: Dividend pay-out ratio of at least 40% of the net profit

To secure its long-term profit generation target, Ramirent is pursuing an EBITA
margin of at least 18% for all segments which is expected to deliver a 300 bps
EBITA margin improvement at Group level, from 14% in 2012 to 17% by the end of
2016. Specific actions to reach the EBITA margin target are being implemented
and will be presented in more detail at today's event in Helsinki. Key drivers
of the profitability improvement are the integrated solutions provided to all
customer sectors and improved operational excellence through a common Ramirent
platform which will significantly harmonise the company's operations. Ramirent
will also continue to improve pricing management, optimise customer centre
network, improve capacity utilisation rates and further centralise sourcing. 



MAGNUS ROSÉN, PRESIDENT AND CEO:

“Customer First is at the heart of our strategy. We are improving the customer
experience by expanding our customer value proposition and strengthening our
customer care model in all markets. Our vision is to set the benchmark for
industry performance and customer service. We aim to achieve this vision
through simplifying customers' business operations by delivering Dynamic Rental
Solutions™. 

Ramirent pursues growth from outsourcing opportunities and in selected small-
to mid-sized acquisitions. Accelerated growth is sought from defined growth
pockets such as renovation, energy, oil & gas and the public sector.
Construction will remain the main customer sector in the strategy period but
the company targets to increase non-construction sales up to 40% of the Group's
net sales. Ramirent is able to serve both of these end markets with its
understanding of customer needs, wide customer centre network and comprehensive
equipment fleet.” 



RAMIRENT REITERATES ITS OUTLOOK FOR 2013

There is no change in the full year outlook for 2013 and Ramirent's EBITA is
expected to be slightly below the 2012 level. 



Presentation materials

All presentations held during the Capital Markets Day will be available in
English on 28 November 2013 at approximately 9.00 a.m. Finnish time at
www.ramirent.com/investors. 



Venue of the Capital Market Day on 28 November 2013

Hilton Helsinki Airport hotel, visiting address: Lentajankuja 1, Vantaa, 01530,
Finland. Registration opens at 8:30 am and the event ends approximately 1:30
pm. 



More information is available on Ramirent's website at
www.ramirent.com/investors. 



RAMIRENT PLC
Magnus Rosén
President and CEO



FURTHER INFORMATION
Franciska Janzon, SVP, Marketing, Communications and IR, tel.+358 20 750 2859,
franciska.janzon@ramirent.com 



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



Ramirent is a leading equipment rental group delivering Dynamic Rental
Solutions™ that simplify business. We serve a broad range of customers,
including construction and process industries, shipyards, the public sector and
households. In 2012, the Group's net sales totalled EUR 714 million. The Group
has 2,600 employees at 306 customer centres in 10 countries in the Nordic
countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ
OMX Helsinki Ltd.