22.05.2007

Cramo up 28%

Cramo the Finnish rental company that came out of Cramo of Sweden and RK of Finland has reported first quarter revenues of €107.3 million, an increase of 28.4 percent on the same period in 2006.

Consolidated operating profits jumped by almost 78 percent compared to the same period in 2006 to 15.6 million.

Cramo reported full year 2006 revenues of just over €400 million since then the company has divested itself of its Dutch operation, acquired through its relationship with Pon, and has made four new acquisitions.

Vertikal Comment

As we have said before, Cramo, along with fellow Finns, Ramirent is one of the faster growing rental companies in Europe. Expect it to hit at least €500 million for the full year 2007.