RAMIRENT PLC COMPANY ANNOUNCEMENT 17 JANUARY 2014 at 16:50
Vantaa, Finland, 2014-01-17 15:50 CET (GLOBE NEWSWIRE) —
Due to weaker than expected market situation mainly in Finland and Norway in the fourth quarter, Ramirent updates its earlier financial outlook for 2013.
Magnus Rosén, President and CEO comments: “In the fourth quarter we did not manage to reduce costs to match the lower demand and we are now intensifying measures to strengthen profitability.”
The updated financial outlook is:
“Ramirent estimates that the Group’s EBITA for the full year 2013 will be approximately EUR 92 million compared to EUR 100.6 million in 2012.”
The previous financial outlook was:
“Ramirent’s 2013 EBITA is expected to be slightly below the 2012 level.”
Ramirent will release its full year 2013 results on 17 February 2014.
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.