Ramirent Oyj Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Reiterates Earnings Guidance for the Year 2017
May 10, 2017 at 01:29 pm EDT
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Ramirent Oyj announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of €164.6 million against €146.0 million a year ago. EBITDA was €42.6 million against €31.9 million a year ago. Reported and comparable EBITA was €16.6 million against 7.2 million a year ago. EBIT was €14.6 million against €4.8 million a year ago. EBT was €10.9 million against €3.2 million a year ago. Result for the period attributable to the owners of the parent company was €8.5 million or €0.08 basic and diluted per share against €2.6 million or €0.02 basic and diluted per share a year ago. Net cash flow from operating activities was €46,449,000 against €33,116,000 a year ago. Acquisition of businesses and subsidiaries, net of cash was €709,000. Gross capital expenditure was €41.6 million compared to €40.4 million a year ago. Return on equity was 10.2% against 14.6% a year ago. Net debt was €340.6 million against €287.9 million a year ago.
The company reiterated its guidance for 2017 and expects comparable EBITA to increase from the level in 2016.
Ramirent Oyj is a Finland-based company engaged in the provision of equipment rental products and services. The Companyâs Equipment Rental is divided into eight product categories: Light Machinery, Heavy Machinery, Lifts, Power and Heating, Modules, Tower Cranes and Hoists, Scaffolding and Safety and Support Equipment. The Companyâs services comprise work site planning and condition monitoring, on-site support, logistics and fuel services, as well as safety planning and training. Ramirent Oyj offers solutions for customers within different sectors, including construction, industry, services and retail, public sector and households. The Company operates in Finland, Sweden, Norway, Poland, Czech Republic, Slovakia, and Baltic states.
RAMIRENT OYJ 
