Skip to main content

Cramo Plc withdraws its guidance for 2020 due to uncertainty related to COVID-19

Written by Customer Service on . Posted in Public Companies.

Cramo Plc     Stock exchange release 9 April 2020 at 5.00 pm EETCramo Plc withdraws its guidance for 2020 due to uncertainty related to COVID-19Cramo Plc’s financial performance during January-March 2020 has developed largely in line with our expectations. Cramo’s financial performance has not yet been affected by the coronavirus (COVID-19) outbreak. However, the fast-spreading coronavirus represents significant uncertainty for the remaining year. Because it is difficult to assess the financial impact of the situation, Cramo withdraws its guidance for 2020.Previous guidance published on 11 February 2020 was:Cramo estimates its comparable EBITA will be above EUR 75 million in 2020.CRAMO PLCFurther information:

Mr Ville Halttunen, CFO, tel: +358 50 346 0868, email: ville.halttunen@cramo.comDistribution:

Nasdaq Helsinki Ltd
Main media
www.cramogroup.comCramo is one of the leading European equipment rental services companies with revenue of EUR 613 million in 2019, serving approximately 150,000 customers through around 300 depots across 11 markets with a full range of machinery, equipment and related services. Cramo enjoys solid market position in all key markets and has a strong focus on the most sophisticated customers primarily within the renovation and new-build construction, industrial and public sector end-markets. Cramo shares (CRA1V) are listed on Nasdaq Helsinki Ltd. Boels Topholding B.V. has acquired more than 90 percent of all Cramo’s shares and will delist the company from Nasdaq Helsinki Ltd as soon as permitted under applicable laws.Read more: www.cramogroup.com, www.twitter.com/cramogroup

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.