ramirent oyj (RMR1V) Details
Ramirent Oyj engages in the rental of construction machinery and equipment in the Nordic countries, and central and eastern Europe. The company rents out lifts, including scissor lifts, boom lifts, trailer mounted lifts, car mounted lifts, pillar lifts, rough terrain lifts, and crawler mounted booms; heavy machinery, such as excavators, loaders, rollers and compaction equipment, pumping equipment, counterbalanced forklifts, and warehouse forklifts; and tower cranes, mast climbing platforms, and personnel hoists. It is also involved in the rental and sale of scaffolding and weather covers; modules and containers, and customized spatial units; and customized formworks and supporting equipment for infrastructure and construction sites. In addition, the company offers power and heating systems for rent; and provides related services, such as sale of gas and oil, as well as electricity, planning, installation, and maintenance services. Further, it rents out light machinery, such as machinery for concrete mixing, compaction, dewatering, sanding and grinding, welding, and drilling; and sawing machinery, pneumatic equipment, pumps, and testing and gauging equipment. The company serves a range of customers, including construction and process industries, shipyards, the public sector, and households, as well as energy, oil and gas, and aviation industries. As of December 31, 2011, it operated 406 permanent outlets in 13 countries. The company was formerly known as A-Rakennusmies Oyj and changed its name to Ramirent Oyj in March 2001. Ramirent Oyj was founded in 1955 and is headquartered in Vantaa, Finland.
Last Reported Date: 05/8/13
Founded in 1955
ramirent oyj (RMR1V) Top Compensated Officers
Ramirent Oyj Announces Management Changes
May 8 13
Ramirent Oyj changed its Group management structure as of May 8, 2013. The objective of the change is to add operational efficiency and organisational clarity. The new structure consists of the Executive Management Team and the Group Management Team. As of May 8, 2013, the Executive Management Team (EMT) consists of the following seven members of which the EVPs report to the Group President and CEO: Mr. Jonas Söderkvist, Chief Financial Officer and has also been appointed Executive Vice President, Corporate Functions. Ms. Anna Hyvönen, Executive Vice President, Finland and Baltic, Mr. Bjørn Larsen, Executive Vice President, Norway, Mr. Erik Alteryd, Executive Vice President, Sweden and Denmark (effective June 2013), Mr. Mikael Kämpe, currently Director, Group Fleet has been appointed Executive Vice President, Europe Central, Mr. Dino Leistenschneider, currently Director, Group Sourcing will head a new organisation that combines Sourcing and Fleet Management activities on Group level. He has been appointed Executive Vice President, Sourcing and Fleet Management. The Group Management Team (GMT) includes, in addition to the Executive Management Team, the following members as of May 8, 2013: Mr. Tomasz Walawender, currently Senior Vice President, Europe Central has been appointed, Senior Vice President, Poland and reports to EVP, Europe Central. Mr. Erik Høi, continues as Senior Vice President, Denmark and reports to EVP, Sweden and Denmark. Mr. Heiki Onton, currently Country Manager, Baltics has been appointed Senior Vice President, Baltics and reports to EVP, Finland and Baltic. Ms. Franciska Janzon, currently Director, Corporate Communications, IR has been appointed Senior Vice President, Marketing, Communications, IR and reports to CFO and EVP, Corporate Functions. Mrs. Peggy Hansson, currently Head of HR has been appointed Senior Vice President, Human Resources, Health and Safety and reports to CFO and EVP, Corporate Functions. Mr. Mats Munkhammar, currently CIO has been appointed Senior Vice President and CIO and reports to CFO and EVP, Corporate Functions. Ramirent’s business segments, as reported externally, will remain unchanged, that is Finland, Sweden, Norway, Denmark, Europe Central and Europe East.
Ramirent Oyj Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Full Year 2013
May 8 13
Ramirent Oyj reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of EUR 152.8 million compared to EUR 164.3 million a year ago. EBITDA was EUR 48. 1 million compared to EUR 41.9 million a year ago. EBITA was EUR 22.6 million compared to EUR 14.4 million a year ago. EBIT was EUR 18.0 million compared to EUR 12.3 million a year ago. EBT was EUR 15.2 million compared to EUR 10.7 million a year ago. Net result for the period attributable to owners of the parent company was EUR 11,019,000 compared to EUR 7,896,000 a year ago. Earnings per share (EPS), (basic and diluted) were EUR 0.10 compared to EUR 0.07 a year ago. Return on invested capital (ROI) was 18.9% compared to 19.6% a year ago. Return on equity (ROE) was 20.7% compared to 16.9% a year ago. Net debt as at March 31, 2013 was EUR 220.3 million compared to EUR 257.7 million as at March 31, 2012. Net cash generated from operating activities was EUR 42,064,000 compared to EUR 41,219,000 a year ago. Investment in tangible non-current asset was EUR 28,992,000 compared to EUR 17,191,000 a year ago. Investment in intangible non-current assets was EUR 1,757,000 compared to EUR 7,706,000 a year ago. Gross capital expenditure was EUR 32.4 million compared to EUR 35.7 million a year ago.
For the full year 2013, the company’s EBITA is expected to remain at the 2012 level.
Ramirent Oyj Declares Dividend for the Full Year of 2012, Payable on April 2, 2013; Elects Mats O Paulsson as New Board Member; Announces Amendment to Its Articles of Association
Mar 27 13
Ramirent Oyj announced at the AGM held on March 26, 2013, has adopted the Board’s proposal that a dividend of EUR 0.34 per share be paid based on the adopted balance sheet for the financial year ended on December 31, 2012. The dividend will be paid to shareholders registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd. on the record date for dividend payment April 2, 2013. It was decided that the dividend be paid on April 11, 2013.
The company elected Mats O Paulsson as new board member for the term that will continue until the end of the next Annual General Meeting.
The Annual General Meeting adopted the proposal to amend section 5 and section 11 of the Articles of Association of the Company so that the number of ordinary members of the Board of Directors is at least three and at most eight and that there will be no deputy members. After the amendment the section 5 reads as follows: The Board of Directors of the company consists of at least three and at most eight ordinary members, whose terms expire at the end of the next Annual General Meeting following the election. After the amendment the section 11 reads as follows: An Annual General Meeting must be held in Helsinki, Espoo or Vantaa annually at the latest in June, on a date determined by the Board of Directors.