Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Cramo Oyj
  6. News
  7. Summary
    CRA1V   FI4000384243

CRAMO OYJ

(CRA1V)
  Report
SummaryNewsRatingsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Cramo Plc withdraws its guidance for 2020 due to uncertainty related to COVID-19

04/09/2020 | 10:00am EDT

Cramo Plc     Stock exchange release 9 April 2020 at 5.00 pm EET

Cramo Plc withdraws its guidance for 2020 due to uncertainty related to COVID-19

Cramo Plc’s financial performance during January-March 2020 has developed largely in line with our expectations. Cramo’s financial performance has not yet been affected by the coronavirus (COVID-19) outbreak. However, the fast-spreading coronavirus represents significant uncertainty for the remaining year. Because it is difficult to assess the financial impact of the situation, Cramo withdraws its guidance for 2020.

Cramo has taken actions to protect the health and safety of its employees and to ensure business continuity. Largest uncertainty relates to the length of the restrictions put on the societies around the world and the potential closure of construction sites. Uncertainty and slowing world economy will likely delay and reduce investment decisions, which will impact negatively on rental demand.

Cramo follows closely the development of COVID-19 and has initiated large number of actions to mitigate the impacts of COVID-19 on its business.

Previous guidance published on 11 February 2020 was:

Cramo estimates its comparable EBITA will be above EUR 75 million in 2020.

CRAMO PLC

Further information:

Mr Ville Halttunen, CFO, tel: +358 50 346 0868, email: ville.halttunen@cramo.com

Distribution:

Nasdaq Helsinki Ltd
Main media
www.cramogroup.com

Cramo is one of the leading European equipment rental services companies with revenue of EUR 613 million in 2019, serving approximately 150,000 customers through around 300 depots across 11 markets with a full range of machinery, equipment and related services. Cramo enjoys solid market position in all key markets and has a strong focus on the most sophisticated customers primarily within the renovation and new-build construction, industrial and public sector end-markets. Cramo shares (CRA1V) are listed on Nasdaq Helsinki Ltd. Boels Topholding B.V. has acquired more than 90 percent of all Cramo's shares and will delist the company from Nasdaq Helsinki Ltd as soon as permitted under applicable laws.

Read more: www.cramogroup.com, www.twitter.com/cramogroup

Primary Logo


ę GlobeNewswire 2020
All news about CRAMO OYJ
2020Cramo plc Announces Tender Offer and Consent Solicitation for its Outstanding Notes Due..
CI
2020CRAMO OYJ : Boels Topholding B.V. has gained title to all the shares in Cramo Plc and the ..
AQ
2020CRAMO OYJ : Arbitral Tribunal has confirmed Boels Topholding B.V.'s redemption right to Cr..
AQ
2020CRAMO PLC : applies for the delisting of its shares from the official list of Nasdaq Helsi..
AQ
2020Cramo Plc withdraws its guidance for 2020 due to uncertainty related to COVID-19
GL
2020Cramo Plc Withdraws its Guidance for 2020; Provides Earnings Guidance for the First Qua..
CI
2020Arbitrator appointed for the arbitration proceedings concerning the redemption of minor..
GL
2020CRAMO PLC : Prepayment requests received relating to Cramo's notes due 2022
GL
2020Cramo Group announces resignation of Leif Gustafsson as President and Chief Executive O..
GL
2020Cramo's CFO Aku Rumpunen and SVP Mika Kouhi to leaveáthe company
GL
More news
Financials
Sales 2019 613 M 718 M 718 M
Net income 2019 423 M 495 M 495 M
Net Debt 2019 382 M 448 M 448 M
P/E ratio 2019 1,40x
Yield 2019 -
Capitalization 614 M 663 M 719 M
EV / Sales 2018 2,18x
EV / Sales 2019 1,59x
Nbr of Employees 2 589
Free-Float 3,51%
Income Statement Evolution
Managers and Directors
Martin Holmgren President & Chief Executive Officer
Ville Halttunen Chief Financial Officer
Raimo Aulis Seppńnen Independent Director
Joakim Rafael Rubin Independent Director
AnnaCarin Grandin Director
Sector and Competitors
1st jan.Capi. (M$)
CRAMO OYJ3.10%690
ASHTEAD GROUP PLC66.08%34 807
UNITED RENTALS, INC.47.24%23 861
AERCAP HOLDINGS N.V.20.10%7 008
WILLSCOT MOBILE MINI HOLDINGS CORP.35.00%7 007
AIR LEASE CORPORATION-15.02%4 309