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2010-09-01 08:00:00 CEST 2010-09-01 08:00:02 CEST REGULATED INFORMATION Cramo Oyj - Company AnnouncementCramo Group renewed its strategic and financial targets for 2010-2013Cramo Plc Stock Exchange Release 1 September 2010, at 09.00 am Finnish time (GMT+2) Cramo Group renewed its strategic and financial targets for 2010-2013 Cramo Plc will hold a Capital Markets Day for institutional investors, analysts and media representatives in Helsinki, Finland, today on Wednesday, 1 September 2010. The focus of the event will be on Cramo Group's strategy for 2010-2013. In the event, Cramo presents its renewed strategic and financial targets for 2010-2013. Cramo's strategic targets for 2010-13 are to be the customer's first choice as well as “Best in town” in rental business, meaning the leading rental solutions provider in each homogeneous local market, e.g. city, district or region. Other strategic targets are to grow profitably faster than the market and to act as a driver of rental development. Cramo Group's financial targets for 2010-2013 are: sales growth above 10 percent per annum, EBITA margin above 15 percent of sales, return on equity (ROE) above 15 percent and maximum gearing at 100 percent. The profit distribution policy stays as before: about one third of the yearly net result. The Group's target is to reach the financial target levels as soon as possible during the period 2010-2013. All Cramo Capital Markets Day materials will be available in English on the company's web site at www.cramo.com/investors approximately at 1 pm on 1 September 2010. CRAMO PLC Vesa Koivula President and CEO Further information Vesa Koivula, President and CEO, tel. +358 40 510 5710 Martti Ala-Härkönen, CFO, tel. +358 40 737 6633 Distribution NASDAQ OMX Helsinki Ltd. Major media www.cramo.com Cramo is a service company specialising in construction machinery and equipment rental and rental-related services, as well as the rental and sale of modular space. As one of the industry's leading service providers in the Nordic countries and Central and Eastern Europe, Cramo operates in eleven countries with 284 depots. With a group staff of about 2.000, Cramo's consolidated sales for 2009 were approximately EUR 450 million and Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. For further information, please visit www.cramo.com. |
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