14.05.2008

Cramo grows 18%

Cramo, the Finnish based international rental company, has reported a strong sales growth for the first quarter of 2008 with revenues rising by over 18 percent to €126.8 million.

Pre tax profits slipped by around 2.5 percent to €11.3 million due to a slow down in Estonia and the Baltic states, extra costs involved with the start up of Cramo-Rentakran in Russia and three fewer working days compared to the first quarter 2007.

The company spent €58 million on new equipment 42.5 percent up on the same period in 2007.

Cramo is maintaining its growth and profit forecasts for the full year.