Ramirent Oyj reported consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported Net Sales were EUR 174.1 million compared to EUR 169.4 million in the last year, up by 2.8% or 4.2% at comparable exchange rates. Comparable EBITA improved to EUR 22.0 million compared to EUR 17.5 million in the last year or 12.6% of net sales. Gross capital expenditure was EUR 52.4 million compared to EUR 60.1 million in the last year. Earnings per share was EUR 0.12 compared to EUR 0.08 in the last year. EBITDA was EUR 48.2 million compared to EUR 42.2 million in the last year.

January-­June Net Sales were EUR 338.7 compared to EUR 315.4 million in the last year, up by 7.4% or 7.9% at comparable exchange rates. Comparable EBITA improved to EUR 38.6 compared to EUR 24.8 million in the last year or 11.4% of net sales. Comparable EPS improved to EUR 0.20 compared to EUR 0.11 in the last year. Gross capital expenditure was EUR 94.0 compared to EUR 100.5 million in the last year.  ROE was 11.4% compared to 12.6% in the last year. Net debt was EUR 378.6 million compared to EUR 354.4 million in the last year. EBITDA was EUR 90.8 million compared to EUR 74.1 million in the last year.

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