Ramirent lowers 2013 outlook

Ramirent has slightly lowered its financial outlook for the full year 2013 following weaker than expected markets mainly in Finland and Norway during the final quarter of the year.

The company now expects 2013 EBITDA (profit before interest, tax, depreciation and amortisation) to be around €92 million, compared to the previous forecast of slightly below the €100.6 million achieved in 2012.

Magnus Rosén, Ramirent president and CEO, said; “In the fourth quarter we did not manage to reduce costs to match the lower demand and we are now intensifying measures to strengthen profitability.”

Ramirent’s full year results will be published on 17 February 2014.