Ramirent Oyj Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018 and Financial Year 2018 to 2020
May 09, 2018 at 09:14 am EDT
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Ramirent Oyj reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of EUR 176.2 million against EUR 164.6 million a year ago. EBITDA was EUR 49.0 million against EUR 42.6 million a year ago. EBITA was EUR 24.0 million against EUR 16.6 million a year ago. Comparable EBIT was EUR 21.8 million against EUR 14.6 million a year ago. EBIT was EUR 21.8 million against EUR 14.6 million a year ago. Comparable EPS was EUR 0.14 against EUR 0.08 a year ago. EPS basic and diluted was EUR 0.14 against EUR 0.08 a year ago. Gross capital expenditure was EUR 53.3 million against EUR 41.6 million a year ago. ROE was 24.7% against 9.9% a year ago. Net debt was EUR 351.7 million against EUR 340.6 million a year ago. EBT was 19.327 million against EUR 10.945 million a year ago. Result for the period attributable to shareholders of the parent company was EUR 15.182 million against EUR 8.509 million a year ago. Net cash flow from operating activities was EUR 33.139 million against EUR 36.455 million a year ago. Investment in tangible non-current assets (rental machinery) was EUR 43.094 million against EUR 25.506 million a year ago. Investment in other tangible non-current assets was EUR 3.973 million against EUR 4.730 million a year ago. Investment in intangible non-current assets was EUR 165,000 against EUR 779,000 a year ago. All The company segments improved their EBIT and the improvement was particularly strong in Eastern Europe and Sweden.
In 2018, the company's comparable EBIT is expected to increase from the level in 2017.
The company targets over 2018-2020 EPS growth (CAGR) of double digit percentage.
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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018 and Financial Year 2018 to 2020