Outlook for 2013


On 17 January 2014, Ramirent updated its full year 2013 financial outlook as follows:



“Ramirent estimates that the Group’s EBITA for the full year 2013 will be approximately EUR 92 million compared to EUR 100.6 million in 2012.”

8 November 2013 Interim Report Q3 2013

Market outlook for 2013

According to a forecast published by Confederation of Finnish Construction Industries (RT) in October 2013, the Finnish construction market is expected to decrease by 3.0% in 2013. Both residential and non- residential construction, are forecasted to decrease in 2013. However, renovation is estimated to increase in residential and non-residential sectors during this year.The market situation in infrastructure construction is predicted to weaken.

According to a forecast published by Swedish Construction Federation in October 2013, the Swedish construction market is expected to decrease by 1.0% in 2013. Residential construction is estimated to increase from the previous year’s level. Non-residential construction is expected to decrease in 2013, whilst the renovation market is forecasted to be steady in all construction sectors in 2013.

The growth in Norwegian construction market is expected to decelerate slightly in 2013. According to a forecast published by Prognosesenteret in October 2013, the Norwegian construction market is forecasted to grow by 3.9% in 2013. Market activity is estimated to remain good in residential and infrastructure construction. The renovation sector
is also growing, although at a slower pace than new construction. Demand in the oil and gas sector is expected to remain at a good level.

The Danish construction market started to recover slowly during the third quarter. According to Danish Construction Industry, the construction market will decrease by 0.8% in 2013. Demand in the renovation market is expected to grow. Residential construction is expected to remain at a low level in 2013. Non- residential construction is estimated to decrease this year.

The market outlook for Russia is positive in the longer term, but decelerating economic growth is impacting also the construction sector. In 2013, the construction market is estimated to increase by 3% in Russia according to the Euroconstruct forecast published in June 2013. Equipment rental is expected to grow more than the construction activity in 2013. In Ukraine, the market situation is still challenging.

Ramirent is not expecting a recovery in the Europe Central markets in 2013. According to the Euroconstruct forecast in June 2013, the construction market in Poland is estimated to decline by 5.6% in 2013. Construction volumes are expected to decrease by 6.0% in Czech Republic and by 2.0% in Slovakia in 2013. 

RAMIRENT 2013 OUTLOOK UNCHANGED

Ramirent’s 2013 EBITA is expected to be slightly below the 2012 level.

8 August 2013 Interim report Q2 2013

MARKET OUTLOOK 2013

According to a forecast published by Euroconstruct in June 2013, the Finnish construction market is expected to decrease by 1.2% in 2013. Both residential and non-residential construction, are forecasted to decrease in 2013. However, renovation is estimated to increase in residential and non-residential sectors during this year. The market situation in infrastructure construction is predicted to remain stable.

According to a forecast published by Euroconstruct in June 2013, the Swedish construction market is expected to decrease by 0.8% in 2013. Residential construction is estimated to remain at the previous year’s level. Non-residential construction is expected to decrease in 2013, whilst the renovation market is forecasted to grow in all construction sectors in 2013.

The Norwegian construction market is expected to remain favourable in 2013. According to a forecast published by Euroconstruct in June 2013, the Norwegian construction market is forecasted to grow by 5.7% in 2013. Market activity is estimated to remain good especially in residential and infrastructure construction. The renovation sector is also growing, although at a slower pace than new construction. Demand in the oil and gas sector is expected to remain at a good level.

The Danish construction market started to recover slowly during the second quarter. According to Euroconstruct, the construction market will increase by 3.0% in 2013. Demand in the renovation market is expected to grow. Residential construction is expected to remain at a low level in 2013. Non-residential construction is estimated to increase this year.

In the Baltic States, the market situation is expected to remain stable. Recovery of the Baltic construction market is estimated to continue in the second half of 2013. According to the Euroconstruct forecast in June 2013, the construction market in the Baltic States is expected to grow at a moderate rate, about 2−4% in 2013.

The market outlook for Russia is positive in the longer term, but the economic uncertainty in Europe was also reflected in Russia during the first half of the year. In 2013, the construction market is estimated to increase by 3% in Russia according to the Euroconstruct forecast in June 2013. Equipment rental is expected to grow clearly more than construction activity. In Ukraine, the market situation is still challenging.

RAMIRENT 2013 OUTLOOK REVISED

Ramirent previously estimated the full year 2013 EBITA to remain at the 2012 level. Due to the non-recurring cost of divesting Hungary, Ramirent’s 2013 EBITA is expected to be slightly below the 2012 level.


8 May 2013 Interim report Q1 2013

MARKET OUTLOOK 2013


According to a forecast published by Confederation of Finnish Construction Industries (RT) in April 2013, the Finnish construction market is expected to decline by 3.0% in 2013. Residential construction is estimated to be below the level of long-term trend. Non-residential construction is forecasted to decrease in 2013. According to RT, renovation is estimated to increase by 3% in 2013.

In Sweden, the construction volume is forecasted to decrease by 1% in 2013 according to the Swedish Construction Federation’s forecast in April 2013. Residential and non-residential construction is expected to remain stable. Infrastructure construction is forecasted to remain on the previous year’s level.

The Norwegian construction market is expected to remain favourable in 2013. According to the forecast by Prognoscentret in April, construction market is forecasted to grow by 5.8% in 2013. Market activity is estimated to remain good especially in residential as well as infrastructure construction. Prognoscentret anticipates that renovation continues to grow in Norway in 2013. Demand in several industrial sectors is expected to remain favourable.

Danish construction market is estimated to start recovering gradually from the second quarter onwards. According to the Danish Construction Industry forecast in April, the construction market is estimated to decrease by 1.4% in 2013. Construction of non-residential buildings and infrastructure construction is forecasted to grow slightly in 2013. Residential construction is expected to remain stable.

In the Baltic states, market situation was relatively stable, however market volumes are still clearly below peak market levels. Recovery of the Baltic construction sector is estimated to continue in 2013. According to the Euroconstruct forecast in December 2012, c onstruction market in Baltic States is expected to grow at moderate rate, about 2 − 4% in 2013.

Ramirent is not expecting a recovery in the Europe Central markets before in 2013. According to the Euroconstruct, construction markets in Europe Central countries (Poland, Czech Republic, Slovakia, and Hungary) are expected to decline by 1 − 4% in 2013.

RAMIRENT OUTLOOK 2013
Ramirent's outlook for 2013 remains unchanged.
For the full year 2013, EBITA is expected to remain at the 2012 level.



12 February 2013 Interim report Q4 2012

MARKET OUTLOOK 2013

Overall equipment rental market in Europe is expected to grow modestly in 2013, according to European Rental Association (ERA).

According to a forecast published by Euroconstruct in December 2012, the Finnish construction market is expected to decline by 2.3% in 2013. Residential construction is estimated to be slightly below the level of long-term trend. Non-residential construction is expected to remain fairly stable in 2013.

In Sweden, construction is forecasted to increase by 0.2% in 2013 according to
Euroconstruct forecast in December 2012. Residential and non-residential construction is expected to remain stable. Infrastructure construction is forecasted to remain on the previous year’s level.

Norwegian construction market is expected to grow in 2013. Euroconstruct forecasts that the construction market will grow by 5.6% in 2013. Market activity is estimated to remain good especially in residential as well as infrastructure construction. Demand in several industrial sectors is expected to remain favourable.

Danish construction market is estimated to grow by 2.2% in 2013, according to the Euroconstruct. Construction of non-residential buildings and infrastructure construction are forecasted to grow slightly in 2013. Residential construction is expected to remain stable.

According to the Euroconstruct, market situation in Europe Central (Poland, Czech Republic, Slovakia and Hungary) is going to remain challenging in 2013. In Europe East (Russia, Estonia, Latvia, Lithuania and Ukraine) construction markets are expected to grow modestly in 2013. Especially Russian market is likely to show positive development.

Danish construction market is estimated to grow by 2.2% in 2013, according to the Euroconstruct. Construction of non-residential buildings and infrastructure construction are forecasted to grow slightly in 2013. Residential construction is expected to remain stable.

According to the Euroconstruct, market situation in Europe Central (Poland, Czech Republic, Slovakia and Hungary) is going to remain challenging in 2013. In Europe East (Russia, Estonia, Latvia, Lithuania and Ukraine) construction markets are expected to grow modestly in 2013. Especially Russian market is likely to show positive development.

RAMIRENT OUTLOOK 2013
For the full year 2013, EBITA is expected to remain at the 2012 level.

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