Revenues and profits up for Ramirent

By Joe Malone02 August 2017

Finland-based rental company Ramirent has announced half-year revenues of €338.7 million, representing a year-on-year increase of 7.4%.

127079 ramirent logo

Ramirent’s earnings before interest, taxes, depreciation and amortization (EBITDA) was €90.8 million for the first six months of the year, compared with €74.1 million a year earlier – a 22.5% increase.

As a result, the company’s profit margin was also up to 26.8%, compared to 23.5% last year.

Tapio Kolunsarka, CEO, Ramirent, said, “We are satisfied with our performance improvement in the first half of the year.

“The most positive development in the second quarter was seen in Europe central where strong execution of our improvement plan continued and market conditions improved.”

Kolunsarka added that market conditions were expected to remain favourable for the company, while it would continue to stay focused on its basic priorities to deliver a strong second-half performance in 2017.

Ramirent said that market conditions in its home market, Finland, were expected to remain favourable, supported by new residential construction and large non-residential construction projects.

In Sweden, it said strong momentum was expected to continue, while the Danish and Norwegian markets would be stable.

It added that the Baltics, Poland and Slovakia would be good markets, while business would be tough in the Czech Republic.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Long Reads
Top 5 private equity rental acquisitions 2021
We pick out five prominent acquisitions that have occurred throughout the year
Top 10 tower crane companies 2021
Who are the new entrants and which firms head up International Cranes and Specialized Transport magazine’s annual list of the world’s largest tower crane-owning companies?
Detailing North America’s latest breakbulk projects
Wind components, vessels and modules, ACT rounds up several significant breakbulk cargo projects.
CONNECT WITH THE TEAM
Alex Dahm Editor, International Cranes and Specialized Transport Tel: +44(0) 1892 786 206 E-mail: alex.dahm@khl.com
Mike Posener Sales Manager Tel: +353 860 431 219 E-mail: mike.posener@khl.com
CONNECT WITH SOCIAL MEDIA