Ramirent Oyj reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales of €180.5 million against €170.5 million a year ago. EBITDA was €47.9 million against €43.7 million a year ago. EBITA was €21.2 million against €16.8 million a year ago. EBIT was €19.2 million against €14.6 million a year ago. EBT was €12.3 million against €12.7 million a year ago. Result for the period attributable to the owners of the parent company was €12.5 million or €0.12 basic and diluted per share against €11.5 million or €0.11 basic and diluted per share a year ago. Net cash flow from operating activities was €57.15 million against €45.00 million a year ago. Acquisition of businesses and subsidiaries, net of cash was €7.10 million against €5.78 million a year ago. Gross capital expenditure was €47.0 million compared to €42.0 million a year ago.

For the year, the company reported net sales of €665.2 million against €635.6 million a year ago. EBITDA was €169.0 million against €168.1 million a year ago. EBITA was €59.2 million against €66.8 million a year ago. EBIT was €38.5 million against €57.9 million a year ago. EBT was €28.1 million against €46.9 million a year ago. Result for the period attributable to the owners of the parent company was €22.0 million or €0.20 basic and diluted per share against €39.0 million or €0.36 basic and diluted per share a year ago. ROE was 7.2% against 12.1% a year ago. Net debt was €345.8 million against €280.9 million a year ago. Net cash flow from operating activities was €167.9 million against €136.32 million a year ago. Acquisition of businesses and subsidiaries, net of cash was €0.835 million against €11.98 million a year ago. Gross capital expenditure was €190.8 million compared to €139.2 million a year ago.

In 2017, company's comparable EBITA is expected to increase from the level in 2016.

The Board of Directors proposes a dividend of €0.40 compared to €0.40 per share, paid in two installments.