Ramirent - Company Announcement

RAMIRENT RENEWS LONG-TERM FINANCIAL TARGETS

RAMIRENT PLC                       COMPANY ANNOUCEMENT                     27
NOVEMBER 2012 

Vantaa, Finland, 2012-11-27 07:00 CET (GLOBE NEWSWIRE) -- 





Ramirent Plc's Board of Directors renewed the Group's long-term financial
targets at its meeting on November 26, 2012. The new long-term financial
targets are aligned with the strategic priorities and have been set to further
emphasize value creation. 



Ramirent's Group strategy is focused on these main priorities:

1. Sustainable profitable growth through strengthening the customer offering,
widening the customer portfolio and, growing through outsourcing deals and
selected acquisitions. Ramirent concentrates on the customers through a strong
local customer orientation, tailored offerings with high focus on environment
and sustainability, safety, health and quality as well as excellence in key
account management; 

2. Operational excellence through developing a one-company structure, “the
Ramirent platform”; and 

3. Reducing the risk level through a balanced business portfolio and risk
management practices. 

The aim of the Ramirent Group's strategy is to generate healthy returns to the
shareholders under financial stability. The Board has renewed the long-term
financial targets as follows: 

1. Profit generation: Return on equity, ROE, of 18 per cent 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 payout ratio of at least 40% of net profit

Ramirent's previous long-term financial targets were EPS over 15% p.a. over a
business cycle, return of investments, ROI, over 18% p.a. over a business
cycle, gearing of maximum 120% at the end of each fiscal year and a dividend
payout ratio of at least 40% of the net profit. The new target for profit
generation ROE captures shareholder value creation and the target level is
comparable to Ramirent's previously used target of return on investment, ROI,
of 18 per cent. The Net debt to EBITDA target level is comparable to the
previously used gearing target of maximum 120% at the end of each fiscal year.
The dividend target remains unchanged enabling a healthy return for Ramirent's
shareholders as well as providing Ramirent with the potential to invest in its
core business and thus to ensure that future growth can be created while
maintaining financial stability. 



Capital Markets Day

Ramirent organises today, Tuesday 27 November 2012, a Capital Markets Day for
investors and analysts at the Presto building at Äyritie 12 A, 01510 Vantaa,
Finland. The event will focus on Ramirent Group's strategic priorities, new
long-term financial targets and an overview of segment activities. The event
will feature presentations by management and a visit to the company's customer
centre at Suutarila in Helsinki. Registration to the event begins at 8.00 a.m.
Finnish time (EEST). 

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



Presentation materials

All presentations held during the Capital Market Day will be available in
English on 27 November 2012 at approximately 8.00 a.m. Finnish time at
www.ramirent.com/investors. 



RAMIRENT PLC

Magnus Rosén
President and CEO



FURTHER INFORMATION:
Franciska Janzon, Director, Corporate Communications and IR, phone +358 20 750
2859, or email 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 2011, the Group's net sales totalled EUR 650 million. The Group
has 3,100 employees at 375 rental outlets in 13 countries in the Nordic
countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ
OMX Helsinki Ltd.