RAMIRENT PLC STOCK EXCHANGE RELEASE FEB 12, 2009 AT 09:15 A.M.
RAMIRENT GROUP'S BOARD OF DIRECTORS ADOPTED A NEW FINANCIAL TARGET AND CONFIRMED
THE EXISTING LONG-TERM FINANCIAL TARGETS
The Board of Directors of Ramirent Group adopted a new financial target related
to financial gearing on February 11, 2009 and confirmed the existing long-term
targets. The Group's financial targets over a business cycle are: earnings per
share growth of at least 15 per cent p.a. and a return on invested capital of at
least 18 per cent p.a. In addition, a gearing target of less than 120 per cent
at the end of each financial year was set for the first time at Group level.
Ramirent's policy with respect to the ordinary dividend is to distribute at
least 40 per cent of annual earnings per share to the shareholders.
In 2008, Ramirent Group's earnings per share decreased by 69.6 per cent, return
on investment was 17.5 per cent, gearing was 107.8 per cent and the Board's
proposal for dividend payout for 2008 is 48.4 per cent.
Vantaa, 12.2.2009
RAMIRENT PLC
Magnus Rosén
President and CEO
FURTHER INFORMATION:
Heli Iisakka, Chief Financial Officer, tel. +358 20 750 3248,
heli.iisakka@ramirent.com
Franciska Janzon, Director, Corporate Communications and IR, tel. +358 20 750
2859, franciska.janzon@ramirent.com
DISTRIBUTION:
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www.ramirent.com
Ramirent is the leading machinery rental company in the Nordic countries and in
Central and Eastern Europe. The Group has some 360 permanent outlets in 13
countries and is registered in Helsinki. Ramirent employs 3,900 people and in
2008 the consolidated net sales were EUR 703 million. Ramirent is listed on the
NASDAQ OMX Helsinki.
