Cramo, Finland-based international equipment rental company with operations in 15 countries, posted €688.4 million (about U.S. $896.6 million) in revenues in 2012, a 1.3-percent increase compared with €679.9 million in 2011. EBITA totaled €78 million (about $101.6 million), compared to €71.1 million a year ago, a 9.7-percent increase.
Cramo management said it is difficult to offer guidance on expectations for 2013 because of high uncertainty in the company’s market areas — northern, central and eastern Europe. However, the company said ongoing efficiency measures are likely to yield an improvement in EBITA margin percentage compared with the previous year.
The company said the equipment rental market will be challenging, particularly during the first part of the year, but the economic situation in Cramo’s main markets is forecasted to improve towards the end of the year.
Cramo is based in Vantaa, near Helsinki, Finland.