rr results q3_2013_en_final

INTERIM REPORT Q3/2013 November 8, 2013 CEO Magnus Rosén CFO Jonas Söderkvist

Agenda

Highlights Q3 and 1-9/2013

Market outlook

Segment review Financial review Company overview

Appendix

2

3

Highlights Q3/2013

Net sales MEUR 166.2 (185.9) down by 10.6% (down by 8.7% at comparable exchange rates) Adjusted for transferred or divested operations, net sales decreased by 3.3% at comparable exchange rates EBITA MEUR 25.9 (31.8) or 15.6% (17.1%) of net sales EBITA excluding non-recurring items1) EUR 29.3 (31.8) million or 17.6% (17.1%) of net sales Cash flow after investments MEUR 34.4 (23.7) Gross capex MEUR 29.5 (27.6)

1) Non-recurring items included EUR 1.9 million loss from disposal of Hungary and EUR 1.5 million restructuring provision in Denmark.

4

Highlights 1-9/2013

Net sales MEUR 479.8 (519.9) down by 7.7% (down by 7.8% at comparable exchange rates) Adjusted for transferred or divested operations, net sales decreased by 4.0% at comparable exchange rates EBITA MEUR 71.2 (70.9) or 14.8% (13.6%) of net sales EBITA excluding non-recurring items1) was MEUR 64.4 (70.9) or 13.4% (13.6%) Net result MEUR 40.1 (43.8) and EPS EUR 0.37 (0.41) Gross capex MEUR 91.9 (87.2) Cash flow after investments MEUR 48.2 (37.3) Net debt to EBITDA ratio 1.1x (1.2x) 1) Non-recurring items included a non-taxable capital gain of

MEUR 10.1 from the formation of Fortrent, the loss of MEUR 1.9 from disposal of Hungary and the restructuring provision of MEUR 1.5 in Denmark.

Net sales declined by 3.3% in Q3, adjusted for currency rates and divested operations

5

Change in net sales (%) Q3/12 vs. Q3/13

-10.6% -8.7%

-3.3%

-12%

-10%

-8%

-6%

-4%

-2%

0%

Q3/2013reported

Q3/2013 atcomparable

currency rates

Q3/2013adjusted for

the transfer ofoperations in

Russia, Ukraineand Hungary,at comparablecurrency rates

Change in net sales (%) 1-9/12 vs. 1-9/13

-7.7% -7.8%

-4.0%

-9%

-8%

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

1-9/2013reported

1-9/2013 atcomparable

currency rates

1-9/2013adjusted for the

transfer ofoperations in

Russia, Ukraineand Hungary, at

comparablecurrency rates

EBITA margin excluding non-recurring items improved to 17.6% in the third quarter

1) The non-recurring items include EUR 1.9 million loss from disposal of Hungary and EUR 1.5 million restructuring provision in Denmark 2) The non-recurring items include a non-taxable capital gain of EUR 10.1 million from the formation of Fortrent, the EUR 1.9 million loss from disposal of Hungary and the EUR 1.5 million restructuring provision in Denmark

6

EBITA margin (%) Q3/12 vs. Q3/13

17.1% 15.6%

17.6%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

Q3/2012reported

Q3/2013reported

Q3/2013excluding

non-recurringitems

EBITA margin (%) 1-9/12 vs. 1-9/13

13.6% 14.8%

13.4%

0%

2%

4%

6%

8%

10%

12%

14%

16%

1-9/2012reported

1-9/2013reported

1-9/2013excluding

non-recurringitems1) 2)

Strong cash flow generation, whilst renewing fleet

7

Cash flow after investments (MEUR) Q3/12 vs. Q3/13

23.7

34.4

0

10

20

30

40

50

60

Q3/2012 reported Q3/2013 reported

Cash flow after investments (MEUR) 1-9/12 vs. 1-9/13

37.3

48.2

0

10

20

30

40

50

60

1-9/2012 reported 1-9/2013 reported

Financial position strengthened further during the third quarter

8

Leverage and risk

Profit generation

Dividend

Element Target level

ROE

Net Debt / EBITDA

ratio

Dividend pay-out

ratio

18% p.a. over a business cycle

Below 1.6x at the end of each fiscal year

At least 40% of Net profit

Measure 1–9/2013

16.9%

1.1x

57.6%* of 2012 net profit *Paid for 2012

MARKET OUTLOOK

9

Merihaka, Helsinki Finland

Construction output outlook turning positive in our main markets

Source: Actual figures for 2012 from Euroconstruct June 2013 report Forecasts for 2013-2014 based on Euroconstruct June 2013 and local construction federations forecasts in October and November 2013

Country 2013E 2014E Source

Nordic countries

Finland −3.0% −1.0% Confederation of Finnish Construction

Industries

Sweden −1.0% 2.0% Swedish Construction Federation

Norway 3.9% 3.7% Prognosesenteret

Denmark −0.8% 2.9% Danish Construction Industry

Europe Central

Poland −5.6% 0.6% Euroconstruct

Czech Republic −6.1% −2.2% Euroconstruct

Slovakia −2.0% 2.9% Euroconstruct

Europe East

Russia 3.0% 4.0% Euroconstruct

Estonia −2.0% −1.0% Euroconstruct

Latvia 7.0% −1.0% Euroconstruct

Lithuania 4.0% 0.0% Euroconstruct

Ukraine n/a n/a n/a

10

Main rental markets expected to grow in 2014

Source: European Rental Association, The European Equipment Rental Industry Report October 2013

Country 2013E 2014E Source

Nordic countries

Finland −5.5% 3.5% ERA

Sweden 2.3% 2.3% ERA

Norway 4.1% 3.6% ERA

Denmark −0.9% 1.9% ERA

Europe Central

Poland −17.2% 3.6% ERA

11

Renovation continues to grow steadily in all Nordic countries

12

-4.0%

-10.0%

2.5%

10.2%

-3.7%

1.0%

4.0%

2.0% 3.0%

2.4%

2.3%

-12%

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

New residentialconstruction

New non-residential

construction

Renovation

Finland Sweden Norway Denmark

Growth by construction sector in Nordic countries (%) 2013E

Sources: Confederation of Finnish Construction Industries 10/2013, Swedish Construction Federation 10/2013 (renovation forecast is from Euroconstruct 6/2013 report), Prognosesenteret 10/2013 and Danish Construction Industry 11/2013

-20.7%

13

Nordic construction order books increased by 1% compared with the previous year

A increase of 1.3% in Q3/13 vs. Q3/12 in construction companies order books

-40%

-20%

0%

20%

40%

60%

0

2

4

6

8

10

12

14

16

Q1 2007

Q2 Q3 Q4 Q1 2008

Q2 Q3 Q4 Q1 2009

Q2 Q3 Q4 Q1 2010

Q2 Q3 Q4 Q1 2011

Q2 Q3 Q4 Q1 2012

Q2 Q3 Q4 Q1 2013

Q2 Q3

Order books: Nordic construction companies BEUR fixed exchange rates

Skanska NCC

Veidekke YIT

Lemminkäinen SRV

Change in Net sales YoY, R12 Ramirent Change in order backlog YoY, Nordic construction

Ramirent outlook for 2013 unchanged

14

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

SEGMENT REVIEW

15

28

36 38 35 30

37

45 42 38 41

45 42

35 36 42

-5%

0%

5%

10%

15%

20%

25%

30%

05

101520253035404550

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2

Net sales EBIT-%

Finland

Demand steady in Southern and Central Finland Market activity weakened in Northern and Western Finland Strong EBIT margin due to strict cost control Ramirent defended price levels in tough pricing environment Capacity utilisation on a healthy level

16

Highlights Q3/2013 Sales and EBIT by quarter

Finland Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 41.8 45.0 −7% 113.3 124.8 −9%

EBIT, MEUR 9.9 10.9 −9% 18.8 22.9 −18%

EBIT–margin 23.8% 24.2% 16.6% 18.4% Capital expenditure 7.4 6.0 23% 21.9 14.9 48%

Personnel 533 577 −8% 533 577 −8%

Customer centres 74 77 −4% 74 77 −4%

Q3

17

Good activity in construction supported the demand in capital city region Lack of big construction projects kept market activity low in Southern Sweden Favourable demand in the industrial sector in Northern Sweden Ramirent continued strict price discipline

29 35 36

45 41 42 45 54

48 51 53 58

50 53 51

0%

5%

10%

15%

20%

25%

0

10

20

30

40

50

60

70

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales EBIT-%

Sales and EBIT by quarter Highlights Q3/2013

Sweden

Sweden Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 51.1 53.0 −4% −1% 154.5 152.1 2% 0%

EBIT, MEUR 7.9 8.7 −9% 23.5 23.8 −1%

EBIT–margin 15.5% 16.4% 15.2% 15.7% Capital expenditure 7.6 6.1 26% 26.8 39.0 −31%

Personnel 652 680 −4% 652 680 −4%


Norway

18

Net sales affected by greater margin focus and lower income from sales of used equipment Demand for equipment rental at good level except for Southern Norway Profitability improved due to better operational efficiency, healthy capacity utilisation and good cost control Price levels remained steady

28 27 28 31 33 30

40 42 44 38 41

51

38 39 36

-5%

0%

5%

10%

15%

20%

0

10

20

30

40

50

60

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales EBIT-%


Norway Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 35.9 41.1 −13% −6% 112.8 123.0 −8% −7%

EBIT, MEUR 5.7 6.4 −10% 17.4 15.7 11%

EBIT–margin 16.0% 15.6% 15.5% 12.8% Capital expenditure 8.4 11.7 −28% 25.4 19.7 29%

Personnel 478 465 3% 478 465 3%

Customer centres 43 43 − 43 43 −

19

Demand for equipment rental improved slightly due to a gradual improvement in construction activity EBIT includes MEUR 1.5 of restructuring costs from actions to reduce the fixed cost level and enhance the operational efficiency EBIT-margin exc. restructuring costs was −4.8%

8 9 9 10

8 10

11

15

10 11 11 12

9 11 12

-20%

-15%

-10%

-5%

0%

5%

10%

02468

10121416

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales EBIT-%


Denmark

Denmark Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 11.9 11.4 4% 4% 32.1 32.4 −1% −1%

EBIT, MEUR −2.11) 0.8 n/a −3.61) 0.8 n/a

EBIT–margin −17.4%1) 6.8% −11.1%1) 2.4%

Capital expenditure 1.3 0.6 122% 4.7 1.3 250%

Personnel 194 181 7% 194 181 7%


1) EBIT excluding non-recurring items was EUR −0.6 (0.8) million or −4.8% (6.8%) of net sales in July–September 2013 and −2.1 (0.8) million or −6.5% (2.4%) of net sales in January–September 2013.

20

Demand for equipment rental remained at good level in the Baltics EBIT margin strengthened due to improved capacity utilisation in the Baltics Fixed costs under control and price levels steady Fortrent: profitability improved in Russian operations

8 10

12 13

9

13

17 16

12

15

19 17

10 8

10

-40%-30%-20%-10%0%10%20%30%40%50%60%

02468

101214161820

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales EBIT-%


Europe East

Europe East Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 9.8 18.8 −48%1) −48% 27.1 45.9 −41%1) −41%

EBIT, MEUR 3.5 4.4 −21% 14.52) 5.9 143%

EBIT–margin 35.3% 23.4% 53.4%2) 12.9% Capital expenditure 2.5 2.6 −3% 6.9 7.2 −4%

Personnel 211 441 −52% 211 441 −52%

Customer centres 41 62 −34% 41 62 −34% 1) Adjusted for the transfer of the operations in Russia and Ukraine to Fortrent Q3/2013 net sales increased by 7.0%. In January−September 2013 the increase was 3.5%. 2) January−September 2013 EBIT excluding the capital gain of EUR 10.1 million was EUR 4.5 (5.9) million or 16.1% (12.9%) of net sales.

113%

21

Weak demand continued in all Europe Central countries In Poland, market activity in the industrial sector recovered slightly Profitability improved primarily due to improved capacity utilisation Scaling down of operations supported profitability Prices still at low level Divestment of Hungarian operations completed in Q3

12

16

20 19

14

19 22

19

13 15

18 16

11 14

17

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

0

5

10

15

20

25

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales EBIT-%


1) Adjusted for the divestment of Hungary the sales decrease in July−September was 1.6%. In January−September 2013, the decrease was 8.1%. 2) January−September 2013 EBIT excluding EUR 2.9 million impairment loss in the Hungarian goodwill and EUR 1.9 million loss from disposal of Hungary was EUR 1.0 (−1.7) million, representing 2.4% (−3.7%) of net sales. 3) Third-quarter EBIT excluding the EUR 1.9 million loss from disposal of Hungary was EUR 3.1 (0.4) million or 18.2% (2.0%) of net sales.

Europe Central

Europe Central Q3 2013

Q3 2012

Change (EUR)

Change (Local)

1–9/ 2013

1–9/ 2012

Change (EUR)

Change (Local)

Net sales, MEUR 16.91) 17.9 −6%1) −4% 42.01) 46.4 −10%1) −9%

EBIT, MEUR 1.23) 0.4 233% −3.72) −1.7 n/a

EBIT–margin 7.1%3) 2.0% −8.9%2) −3.7% Capital expenditure 2.5 1.6 54% 4.9 5.0 −3%

Personnel 491 657 −25% 491 657 −25%


FINANCIAL REVIEW

22

Strong cash flow and financial position in Q3

23

Net Sales (MEUR) EBITDA (MEUR)

Cash flow after investments (MEUR) Net debt (MEUR) Gross Capex (MEUR)

EBITA (MEUR)

13 22

10 18

32 45

120

46 36

24 28 37 32 30 30

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

20

40

60

80

100

120

140

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Gross Capex Share of net sales-%

212 209 197 177

191

238

280 263 258

281 256

239 220

264 230

0%10%20%30%40%50%60%70%80%90%100%

0

50

100

150

200

250

300

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net debt Gearing-%

-5

8

17

13

4

17

32

27

14

25

32 30

23 23 26

-10%

-5%

0%

5%

10%

15%

20%

-10-505

101520253035

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

EBITA EBITA-%

18

31

42 37

28

41

59 55

42

52

60 57

48 49 52

0%

5%

10%

15%

20%

25%

30%

35%

0

10

20

30

40

50

60

70

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

EBITDA EBITDA-%

112 129

141 150 134

150

179 187 164 170

186 194

153 161 166

-15%-10%-5%0%5%10%15%20%25%30%

0

50

100

150

200

250

Q12010

Q2Q3Q4Q12011

Q2Q3Q4Q12012

Q2Q3Q4Q12013

Q2Q3

Net sales Y-o-y change-%

-4

13 14

24

-11

-20

-37

16

6 7

24 17 19

-5

34

-50-40-30-20-10

010203040

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

First-quarter EBITA excluding non-recurring items was EUR 12.4 (14.4) million, representing 8.1% (8.7%) of net sales Third-quarter EBITA excluding non-recurring items was 29.3 (31.8) million or 17.6% (17.1%) of net sales

Net sales amounted to 166 MEUR in the third quarter

24

112

129 141

150

134

150

179 187

164 170

186 194

153 161 166

0

20

40

60

80

100

120

140

160

180

200

220

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net sales (MEUR) Q1/2010 – Q3/2013

1-12/2010: 531.3 1-12/2011: 649.9 1-12/2012: 714.1 R12: 673.9

Quarterly net sales Q1/2010 – Q3/2013 (MEUR)

Net sales affected by currency rates and divested operations

Net sales MEUR 166.2 (185.9) down by 10.6% (down by 8.7% at comparable exchange rates) Adjusted for transferred or divested operations, net sales decreased by 3.3% at comparable exchange rates

Net sales MEUR 479.8 (519.9) down by 7.7% (down by 7.8% at comparable exchange rates) Adjusted for transferred or divested operations, net sales decreased by 4.0% at comparable exchange rates

25

Net sales (MEUR) Q3/12 vs. Q3/13

185,9

3.6 10.4 5.7

166.2

020406080

100120140160180200

Q3/2012reported

Exchangerates

Divestedoperations

Marketchange

Q3/2013reported

Net sales (MEUR) 1-9/12 vs. 1-9/13

519,9

0.2 20.6 19.7

479.8

0

100

200

300

400

500

600

1-9/2012reported

Exchangerates

Divestedoperations

Marketchange

1-9/2013reported

- - - + - -

26

Net sales by segment (MEUR) and Change % (YoY) Q3/12 vs. Q3/13

−7.1% −12.8% −5.8% −47.6% 1) 3.9% −3.6%

Net sales declined in most markets during the third quarter

45.0

53.0

41.1

11.4

18.8 17.9

41.8

51.1

35.9

11.9 9.81)

16.92)

0,0

10,0

20,0

30,0

40,0

50,0

60,0

Finland Sweden Norway Denmark Europe East EuropeCentral

Q3/2012 Q3/2013

1) Adjusted for the transfer of the Russian and Ukrainian operations to Fortrent, net sales increased in Q3/2013 by 7.0% 2) Adjusted for the divestment of the Hungarian business the decrease in net sales in Q3/2013 was 1.6%

27

68% 68%

29% 29%

3% 3%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Q3/2012 Q3/2013

Income from sold equipment

Ancillary income

Rental income

125.5 112.8

54.6

47.8

5.7

5.6

0

20

40

60

80

100

120

140

160

180

200

Q3/2012 Q3/2013

Income from sold equipment

Ancillary income

Rental income

−2.6%

−12.4%

−10.2%

Breakdown of net sales (%) and MEUR

Rental income and ancillary income decreased compared to previous year

28

Gross margin (%) by quarter

65%

67%

68%

66%

67% 67%

68%

69%

66%

68%

66%

68% 69%

64%

67% 67%

69% 69%

Q1 Q2 Q3 Q4 FY

2010 2011 2012 2013

Gross margin improved slightly year-on-year

Number of employees decreased mainly due to scaling down of operations in Europe Central

At the end of September 2013, the Group’s number of employees was 2,592 (3,027) At the end of 2012, the number of employees in Russia and Ukraine amounted to 238

29

577

680

465

181

441

657

572

677

467

192

443

626

533

652

478

194 211

491

Finland Sweden Norway Denmark Europe East EuropeCentral

Personnel 30/9/12 Personnel 31/12/12 Personnel 30/9/13

Number of employees by segment

Ramirent continued strict cost control and reduced customer centres in Finland and Europe Central

Number of customer centres per segment

30

334 325 306

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Finland Sweden Norway Denmark Europe East Europe Central

353

Ramirent’s fixed costs reduced by 10 MEUR compared to last year

Group fixed costs 191.1 (201.0) MEUR in 1-9/2013, including 3.4 MEUR in non-recurring items

31

Fixed costs by quarter (MEUR)

33 33 32 38 37 37 41 42 42 40 42 42 42 39 40

22 23 22

24 27 25 25 28 25 25 26 27 24

22 24

56 56 54

62 63 62 66

70 68 65

68 69 66

62 64

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Employee benefit expenses Other operating expenses

Profitability remained stable in the third quarter 2013

32

-5.1

8.0

17.4

12.7

3.6

16.5

32.0

27.3

14.4

24.7

31.8 29.7

22.61) 22.7

25.92)

-10%

-5%

0%

5%

10%

15%

20%

-10

-5

0

5

10

15

20

25

30

35

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

EBITA EBITA-%

EBITA (MEUR) and EBITA-margin (%) Q1/2010 – Q3/2013

1-12/2010: 33.0 1-12/2011: 79.4 1-12/2012: 100.6 R12: 100.9

1) First-quarter EBITA excluding non-recurring items was EUR 12.4 (14.4) million, representing 8.1% (8.7%) of net sales 2) Third-quarter EBITA excluding non-recurring items was 29.3 (31.8) million or 17.6% (17.1%) of net sales

Hungary was divested from 1 September 2013

33

156.0 146.8 160.3 159.1 174.0 164.6 182.6

6.8 4.6 7.8 0.0

9.6 9.4 1.6 1.5 1.7 1.7

2.3 1.6

2.1

0

50

100

150

200

Group (exc. Russia, Ukraine and Hungary) Russia and Ukraine Hungary

Group Net sales and Net sales in Russia, Ukraine and Hungary (MEUR)

Group EBITA and EBITA in Russia, Ukraine and Hungary (MEUR)

15.0 11.2

24.2 23.4 29.7 26.7 25.6

11.4

0.6 0.0

1.7 3.5

0.4

0.6 0.3

0

10

20

30

Group (exc. Russia, Ukraine and Hungary) Russia and UkraineHungary Loss from disposal of HungaryFortrent

−0.2 (Fortrent) −0.8 (Fortrent) 0.5 (Fortrent)

−0.4

−0.1 −0.1

−0.2

−0.2

−1.9

January−September 2013 included EUR 3.8 million of non-recurring items

Reported EBIT was EUR 63.3 (64.8) million or 13.2% (12.5%) of net sales Non-recurring items in 1-9/2013: Capital gain of EUR 10.1 million booked from the transaction to form Fortrent, impairment loss of EUR 2.9 million in the Hungarian goodwill, loss of EUR 1.9 million from disposal of Hungary and restructuring provision of 1.5 million in Denmark EBIT excluding non-recurring items was EUR 59.4 (64.8) million, representing 13.4% (13.6%) of net sales

34

EBIT (MEUR) 1-9/12 vs 1-9/13

64.8 63.3

10.1 2.9 1.9 1.5

59.4

0

10

20

30

40

50

60

70

1-9/2012reported

1-9/2013reported

Capital gain Goodwillimpairment

Loss fromdisposal ofHungary

Restructuringprovision in

Denmark

1-9/2013adjusted

Stable EBIT margin development in main segments, compared to previous year

35

24.2%

16.4% 15.6%

6.8%

23.4%

2.0%

23.8%

15.5% 16.0%

-17.4%1)

35.3%

7.1%2)

Finland Sweden Norway Denmark East Central

Q3/12 Q3/13

EBIT–margin (%) by segments

1) EBIT excluding non-recurring items was EUR −0.6 (0.8) million or −4.8% (6.8%) of net sales in July–September 2013 2) EBIT excluding non-recurring items was EUR 3.1 (0.4) million or 18.2% (2.0%) of net sales in July–September 2013

Investments are done to maintain fleet age

The total value of purchased equipment was 85.3 (67.2) million in 1-9/2013 The value of sold rental equipment was EUR 17.5 (19.5) million in 1-9/2013

36

Purchased and sold equipment by quarter (MEUR)

8

19

9

17

30

38

67

34

20 22 25

34 29 28 28

5 4 3 4 4 5 6 12

8 6 6 8 4

8 6

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Purchased equipment Sold equipment

Capital expenditure focused on Norway, Sweden and Finland

No acquisitions were made during the quarter

37

6.0 6.1

11.7

0.6

2.6 1.6

7.4 7.6 8.4

1.3 2.5 2.5

Finland Sweden Norway Denmark East Central

7–9/2012 7–9/2013

Capital Expenditure by segments (MEUR)

Working capital below 6% at the end of the September 2013

January–September 2013 credit losses and net change in the allowance for bad debt totalled EUR −3.2 (−5.1) million Dividend of EUR 36.6 million paid in April 2013

38

Working capital by quarter (MEUR)

15 14 14 16 16 17 17 17 18 18 20 15 15 15 14

83

90

99

97

95

10

9

12

4

12

0

11

4

13

1

14

1

13

6

11

5

12

9

12

5

-69

-86

-86

-89

-82

-84

-10

7

-10

9

-13

9

-11

2

-12

2

-11

3

-14

3 -98

-10

2

-6%

-4%

-2%

0%

2%

4%

6%

8%

-120

-80

-40

0

40

80

120

160

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Trade payables and other liabilitiesTrade and other receivablesInventoriesWorking capital/Net sales Rolling 12 month basis

Return on investment at 17.5%

Return on invested capital, ROI 17.5% (19.5%) at the end of September 2013

39

Invested capital (MEUR) and ROI (%) rolling 12 months

524 508 509 496 508 536

588 591 565

602 605 604 654

611 604

0%

5%

10%

15%

20%

25%

0

100

200

300

400

500

600

700

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Invested capital ROI % (R12)

Strong cash flow after investments in the third quarter

40

Cash flow after investments (MEUR)

-4.0

13.4 14.4

24.2

-10.7

-20.4

-36.8

15.9 6.4 7.3

23.7 16.8 19.0

-5.2

34.4

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Cash flow after investments Cash flow after investments, Rolling 12 months

1-12/2010: 48.0 1-12/2011: −52.0 1-12/2012: 54.2 R12: 65.0

212 209 197

177 191

238

280 263 258

281 256

239 220

264

230

1.8x 1.9x 1.7x

1.4x 1.4x

1.6x 1.7x

1.4x

1.2x 1.4x

1.2x 1.1x

1.0x

1.2x 1.1x

0

1

2

3

0

50

100

150

200

250

300

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Net debt Net debt to EBITDA ratio

Ramirent's financial position strengthened further during the quarter

Net debt to EBITDA 1.1x (1.2x) at the end of September 2013 Dividend of EUR 36.6 million was paid in the second quarter

41

Net debt (MEUR) and Net debt to EBITDA ratio

Return on equity at 16.9%

42

309 296 308 318 316 296 305

326 305

319 347

364 342 344

361

-5%

0%

5%

10%

15%

20%

25%

0

50

100

150

200

250

300

350

400

Q12010

Q2 Q3 Q4 Q12011

Q2 Q3 Q4 Q12012

Q2 Q3 Q4 Q12013

Q2 Q3

Total equity ROE % (R12)

Total equity (MEUR) and ROE (%) rolling 12 months

Return on equity, ROE 16.9% (18.7%) for last 12 months

At end of September 2013, Ramirent had unused committed back–up loan facilities of EUR 208.6 million

In addition to bank facilities, Ramirent is utilising a domestic commercial paper program of up to EUR 150 million

43

Repayment schedule of interest–bearing liabilities (MEUR)

100

240

100

2013 2014 2015 2016 2017 2018 2019

EUR 440 million in committed credit facilities

Net debt EUR 230.3 million

For more information: www.ramirent.com Magnus Rosén, CEO +358 20 750 2845 [email protected] Jonas Söderkvist, CFO +358 20 750 3248 [email protected] Franciska Janzon, IR +358 20 750 2859 [email protected]

COMPANY OVERVIEW

45

Ramirent in brief

46

Leading equipment rental company in Northern, Central and Eastern Europe with net sales of EUR 714 million (2012)

Presence in 10 countries through 306 customer centers and in two countries through joint venture Fortrent

Listed on NASDAQ OMX Helsinki since 1998

2,592 employees serving 200,000 customers with 200,000 rental items

Founded in 1955 and headquartered in Finland

Ramirent operates in Europe with Baltic Sea region being the core market

47

Sales per segment 1-9/2013 Wide network of customer centres and leading market position (Q3/13)

Finland 23.5%

Sweden 32.1%

Norway 23.4%

Denmark 6.7%

Europe East 5.6%

Europe Central 8.7%

Sales per customer 1-12/2012

Construc- tion 68%

Services &Retail 10%

Industrial 15%

Private 3% Public

4%

Fortrent, presence through JV Target is to increase sales to non-construction

customers to 40% of the Group's net sales

Europe Central

(PO+CZ+SL) # 1

57 customer centres

Finland # 1

74 customer centres

Sweden # 2

75 customer centres

Norway # 1

43 customer centres

Denmark # 1

16 customer centres

Europe East #1

41 customer centres

Targeting a wider range of customer industries in all countries

Shipyards

Construction

Households Aviation Power

Oil and gas

Public

Windpower

48 © 2013 Ramirent

We accelerate our growth through acquisitions and outsourcing cases

49

Outsourcing deal in Denmark

Outsourcing deal in Finland

Acquisition of Finnish weather protection rental

company

Active screening of acquisition targets

Aquisition of Czech rental

business

Acquisition of Czech rental

business

Acquisition of Swedish rental

company

Acquisition of Danish rental

business

Acquisition of module rental company in Norway

Outsourcing of Mt Hojgaard's

Danish scaffolding

division


company


company

2009-2010

2011-2012 2013

Outsourcing deal in Norway

Ramirent Russian and Ukrainian

operations moved into JV with Cramo

Outsourcing deal with two subsidiaries in Finland


Acquisition of Swedish rental company

Outsourcing deal in Norway

Acquisition of Czech rental

business


Divestment of operations in

Hungary

Mission We simplify business by Delivering Dynamic Rental Solutions™

Vision To be the leading and most progressive equipment rental solutions company in Europe, setting the benchmark for industry performance and customer service

50

Our strategic choices

Values Open, Progressive, Engaged

Brand promise Let’s solve it

Broadest range of equipment and Dynamic Rental SolutionsTM

51

RA

MIR

ENT

OFF

ERIN

G

CUSTOMER NEEDS

PRODUCTS

• Light machinery • Heavy machinery • Lifts • Power and heating

• Modules • Tower cranes and hoists • Scaffolding • SAFE

SERVICES

• Planning • Business Support • On-Site Support • Merchandise Sales • Rental Insurance • Training

SOLUTIONS

• SpaceSolve • SafeSolve • AccessSolve • EcoSolve

• PowerSolve • ClimateSolve • TotalSolve

Benefits: Lighter balance sheets, less investments

Benefits: More uptime in core operations due to less downtime in equipment, less maintenance costs, right choice of equipment improves efficiency, less product liability risk

Benefits: Easy to buy, reduced number of subcontractors, increased focus on the core business

OUTSOURCING Benefits: By outsourcing their machine fleet to Ramirent, companies can increase efficiency and simplify their business by focusing on core competences INDUSTRIES

• Construction • Mining • Paper • Power generation • Oil & gas • Shipyards • Retail and Service • Public sector • Households

Our offering

52

53

Strategic priorities 2013

Customer first

Sustainable profitable growth

Common Ramirent platform

Balanced business portfolio

• Strong customer-centric approach with increased focus on sustainability, safety and quality

• Being the leading and most

profitable general rental company where present

• Developing a one-company structure with operational consistency

• Maintain a balanced portfolio of customers, products and markets to balance risk

Weak Stable Strong

Strategic themes Customer First

Sustainable profitable growth Operational Excellence

Balanced portfolio of customers, products and markets

Operational themes

• Safe-guard profitability and cash flow

• Consolidate market – Outsourcing cases

• Pricing discipline • Execute contingency plans • Reduce costs and transform

fixed costs to variable • Reduce financial risk, focus

on A/R and credits • Amortise debt • Limited capex, transfer fleet

to where demand is

• Realise synergies through operational excellence

• Consolidate market – Bolt-on acquisitions

• Maintenance capex

• Profitable growth • Drive penetration and

capture growth opportunities

• Keep control of fixed cost base

• Prepare contingency plans

• Growth capex for expansion

Business cycle

Counter cyclical cash flow

Market conditions

54

Weak market conditions in 2009-2010

Increased demand and investments

2011-2012

Our strategic and operational themes through the business cycles

55

Organic growth drivers 7

0%

60

%

45

%

40

%

40

%

30

%

30

%

25

%

20

%

20

%

15

%

15

%

10

%

10

%

10

%

0%

20%

40%

60%

80%

100%

Increasing rental penetration

Expansion in select customer industries

RamirentLoxamCramoAlgeco ScotsmanSpeedy HireLiebherr-MietpartnerGAMMediaco LiftingSarensKiloutouHKL BaumschinenOthers

Consolidation opportunities in Europe

External growth drivers M&A activity

Outsourcing deals

Bolt-on and selected strategic acquisitions

Joint Ventures

Good organic and strategic growth opportunities

Construc- tion 68%

Services &Retail 10%

Industrial 15%

Private 3% Public

4%

Targeting 40% of Group sales to non-construction customers

Summary of company’s strengths

Leading equipment rental company in Northern, Central and Eastern Europe More than 50 years industry experience Diversified portfolios of customers, products and markets Stable profitability and steady cash flow Flexibility to maneuver: capex and cost flexibility, strong balance sheet Strong financial position and funding

56

Largest shareholders

Largest shareholders September 30, 2013

Number of shares

% of share

capital

1. Nordstjernan AB 31,882,078 29.33%

2. Oy Julius Tallberg Ab 12,207,229 11.23%

3. Varma Mutual Pension Insurance Company 6,753,799 6.21%

4. Ilmarinen Mutual Pension Insurance Company 4,145,154 3.81%

5. Odin funds 4,145,154 3.81%

6. Nordea funds 2,704,845 2.49%

7. Aktia funds 2,037,211 1.87%

8. Veritas Pension Insurance Company Ltd 1,222,474 1.12%

9. Fondita funds 1,149,822 1.06%

10. SEB funds 923,269 0.85%

Ramirent Oyj treasury shares 998,631 0.92%

Nominee registered 21,424,579 19.71%

Other shareholders 19,103,083 17.57%

Total 108,697,328 100.00%

57

Market Cap EUR 978.3 million

Trading information Listing: NASDAX OMX Helsinki Date of listing: April 30, 1998

Segment: Mid Cap Sector: Industrials

Trading code: RMR1V

16%

28%

12% 9%

2%

33%

Private companies

Financial and insurance institutions

Public sector organizations

Households

Non-profit organizations

Foreigners

Shareholders September 30, 2013

58

EUR Ramirent Plc (RMR1V)

9.35 EUR*

Share price development (YTD)

*November 6, 2013

5

6

7

8

9

10

02/0

1/20

13

09/0

1/20

13

16/0

1/20

13

23/0

1/20

13

30/0

1/20

13

06/0

2/20

13

13/0

2/20

13

20/0

2/20

13

27/0

2/20

13

06/0

3/20

13

13/0

3/20

13

20/0

3/20

13

27/0

3/20

13

03/0

4/20

13

10/0

4/20

13

17/0

4/20

13

24/0

4/20

13

01/0

5/20

13

08/0

5/20

13

15/0

5/20

13

22/0

5/20

13

29/0

5/20

13

05/0

6/20

13

12/0

6/20

13

19/0

6/20

13

26/0

6/20

13

03/0

7/20

13

10/0

7/20

13

17/0

7/20

13

24/0

7/20

13

31/0

7/20

13

07/0

8/20

13

14/0

8/20

13

21/0

8/20

13

28/0

8/20

13

04/0

9/20

13

11/0

9/20

13

18/0

9/20

13

25/0

9/20

13

02/1

0/20

13

09/1

0/20

13

16/1

0/20

13

23/1

0/20

13

30/1

0/20

13

06/1

1/20

13

APPENDIX

59

Consolidated income statement

60

*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

CONSOLIDATED INCOME STATEMENT 7–9/13

7–9/12 1–9/13 1–9/12

Restated*

1–12/12

(EUR 1,000)

Rental income 112,764 125,526 316,133 340,292 463,070

Ancillary income 47,830 54,627 146,186 160,160 223,899

Sales of equipment 5,574 5,720 17,471 19,490 27,115

NET SALES 166,168 185,873 479,791 519,942 714,083

Other operating income 827 850 12,524 1,834 3,026

Materials and services −51,876 −58,294 −152,064 −167,097 −237,184

Employee benefit expenses −39,625 −42,042 −120,813 −124,741 −166,324

Other operating expenses −24,099 −26,089 −70,277 −76,239 −103,249

Share of result in associates and joint ventures 572 28 −353 85 116

Depreciation and amortisation and impairment charges −27,638 −30,596 −85,501 −88,967 −117,943

EBIT 24,330 29,731 63,307 64,817 92,524

Financial income 3,207 8,789 13,031 18,355 20,320

Financial expenses −6,946 −10,595 −25,302 −24,601 −29,803

EBT 20,590 27,925 51,037 58,571 83,041

Income taxes −3,776 −6,940 −10,907 −14,732 −19,291

NET RESULT FOR THE PERIOD 16,814 20,986 40,130 43,840 63,749

Net result for the period attributable to:

Owners of the parent company 16,814 20,986 40,130 43,840 63,749

Non-controlling interest − − − − −

TOTAL 16,814 20,986 40,130 43,840 63,749

Earnings per share (EPS)

EPS on parent company shareholders' share of profit, basic, EUR 0.16 0.19 0.37 0.41 0.59

EPS on parent company shareholders' share of profit, diluted, EUR 0.16 0.19 0.37 0.41 0.59

61

Balance sheet - Assets

CONSOLIDATED BALANCE SHEET 30/9/2013 Restated* 30/9/2012

Restated* 31/12/2012

(EUR 1,000) ASSETS NON-CURRENT ASSETS Property, plant and equipment 436,012 481,502 451,511 Goodwill 126,590 137,426 133,515 Other intangible assets 37,894 39,988 40,381 Investments in associates and Joint Ventures 19,026 1,090 1,125 Non-current loan receivables 20,261 − − Available-for-sale investments 412 412 412 Deferred tax assets 1,291 13,387 10,344 TOTAL NON-CURRENT ASSETS 641,486 673,805 637,288 CURRENT ASSETS Inventories 14,434 19,820 15,250 Trade and other receivables 125,300 140,267 135,600 Current income tax assets 3,351 348 145 Cash and cash equivalents 13,118 2,195 1,338 TOTAL CURRENT ASSETS 156,202 162,630 152,333 Assets held for sale − − 42,250 TOTAL ASSETS 797,687 836,435 831,872 *Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

Balance sheet – Equity and liabilities

62

CONSOLIDATED BALANCE SHEET 30/9/2013 Restated* 30/9/2012

Restated* 31/12/2012

(EUR 1,000)

EQUITY

Share capital 25,000 25,000 25,000 Revaluation fund −3,376 −5,272 −4,924 Invested unrestricted equity fund 113,568 113,329 113,329 Retained earnings 225,498 213,821 230,168 PARENT COMPANY SHAREHOLDERS’ EQUITY 360,690 346,878 363,573 Non-controlling interests − − − TOTAL EQUITY 360,690 346,878 363,573 NON-CURRENT LIABILITIES Deferred tax liabilities 57,417 80,337 73,333 Pension obligations 14,806 10,893 13,948 Provisions 1,379 1,530 972 Interest-bearing liabilities 243,405 175,729 191,199 Other long-term liabilities 5,546 9,117 8,071 TOTAL NON-CURRENT LIABILITIES 322,553 277,605 287,523 CURRENT LIABILITIES Trade payables and other liabilities 101,973 121,612 112,956 Provisions 1,128 1,202 826 Current income tax liabilities 11,303 6,687 10,936 Interest-bearing liabilities 40 82,451 49,513 TOTAL CURRENT LIABILITIES 114,444 211,952 174,231 Liabilities classified as held for sale − − 6,545 TOTAL LIABILITIES 436,997 489,558 468,299 TOTAL EQUITY AND LIABILITIES 797,687 836,435 831 872


Key figures

63

*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments **The figures are calculated on a rolling twelve month basis.

KEY FINANCIAL FIGURES 7–9/13

7–9/12 1–9/13

Restated* 1–9/12

Restated* 1–12/12

(MEUR) Net sales, EUR million 166.2 185.9 479.8 519.9 714.1

Increase in net sales, % −10.6% 3.7% −7.7% 12.3% 9.9%

EBITDA, EUR million 52.0 60.3 148.8 153.8 210.5

EBITDA, % of net sales 31.3% 32.5% 31.0% 29.6% 29.5%

EBITA, EUR million 25.9 31.8 71.2 70.9 100.6

EBITA, % net sales 15.6% 17.1% 14.8% 13.6% 14.1%

EBIT, EUR million 24.3 29.7 63.3 64.8 92.5

EBIT, % of net sales 14.6% 16.0% 13.2% 12.5% 13.0%

EBT, EUR million 20.6 27.9 51.0 58.6 83.0

EBT, % of net sales 12.4% 15.0% 10.6% 11.3% 11.6%

Net result for the reporting period, EUR million 16.8 21.0 40.1 43.8 63.7

Net result for the reporting period, % of net sales 10.1% 11.3% 8.4% 8.4% 8.9%

Gross capital expenditure, EUR million 29.5 27.6 91.9 87.2 124.0

Gross capital expenditure, % of net sales 17.8% 14.8% 19.2% 16.8% 17.4%

Invested capital, EUR million, end of period 604.1 605.1 604.3

Return on invested capital (ROI), %** 17.5% 19.5% 18.9%

Return on equity (ROE), %** 16.9% 18.7% 18.6%

Interest-bearing debt, EUR million 243.4 258.2 240.7

Net debt, EUR million 230.3 256.0 239.4

Net debt to EBITDA ratio 1.1x 1.2x 1.1x

Gearing, % 63.9% 73.8% 65.8%

Equity ratio, % 45.2% 41.5% 43.7%

Personnel, average during reporting period 2,787 3,100 3,077

Personnel, at end of reporting period 2,592 3,027 3,005

Consolidated cash flow statement

64

CONSOLIDATED CASH FLOW STATEMENT (EUR 1,000) 7–9/13

7–9/12 1–9/13 1–9/12

1–12/12

Cash flow from operating activities

Result before taxes 20,590 27,925 51,037 58,571 83,041

Adjustments

Depreciation, amortisation and impairment charges 27,638 30,596 85,501 88,967 117,943

Adjustment for proceeds from sale of used rental equipment 1,304 2,061 7,703 9,723 12,542

Financial income and expenses 3,739 1,806 12,270 6,246 9,413

Other adjustments 14,554 −2,003 2,586 −2,243 −1,438

Change in working capital

Change in trade and other receivables 7,021 −6,316 8,046 −13,186 −15,367

Change in inventories 1,196 −1,351 816 −1,480 1,576

Change in non-interest-bearing liabilities −13,829 −5,101 −17,868 −9,555 −11,577

Interest paid −2,972 −2,937 −8,022 −9,228 −12,293

Interest received 549 1,071 1,857 3,048 3,470

Income tax paid −2,566 −1,211 −17,153 −10,907 −13,325

Net cash generated from operating activities 57,225 44,539 126,773 119,956 173,985

Cash flow from investing activities

Acquisition of subsidiaries, net of cash − −345 − −13,940 −13,940

Investment in tangible non-current asset −27,818 −25,803 −87,804 −64,427 −99,177

Investment in intangible non-current assets −588 4,730 −4,121 −5,094 −7,598

Proceeds from sale of tangible and intangible non-current assets (exc. used eq.) 138 587 262 854 897

Proceeds from sales of subsidiaries 5,481 − 14,681 − −

Loan receivables, increase, decrease and other changes − − −1,577 − −

Net cash flow from investing activities −22,786 −20,832 −78,560 −82,608 −119,818

Cash flow from financing activities

Dividends paid − − −36,618 −30,147 −30,147

Purchase of treasury shares − − − −2,714 −2,714

Borrowings and repayments of short-term debt (net) −21,545 17,832 −49,719 31,500 5,500

Borrowings of long-term debt 37 −14,076 99,113 1,012 9,311

Repayments of long-term debt −2,906 −27,357 −49,210 −37,235 −37,211

Net cash flow from financing activities −24,414 −23,601 −36,433 −37,584 −55,261

Net change in cash and cash equivalents during the financial period 10,025 106 11,780 −236 −1,094

Cash at the beginning of the period 3,093 2,089 1,338 2,431 2,431

Cash at the end of the period 13,118 2,195 13,118 2,195 1,338

Segment information: Net sales

65

NET SALES 7–9/13

7–9/12 1–9/13

1–9/12

1–12/12 (MEUR) FINLAND - Net sales (external) 41.3 44.7 112.5 123.6 165.0 - Inter-segment sales 0.5 0.3 0.7 1.2 1.5 SWEDEN - Net sales (external) 50.8 53.0 153.9 150.9 207.5 - Inter-segment sales 0.3 0.0 0.6 1.2 2.4 NORWAY - Net sales (external) 35.9 41.1 112.8 122.9 173.6 - Inter-segment sales 0.0 0.0 0.0 0.1 0.5 DENMARK - Net sales (external) 11.6 11.4 31.9 32.4 44.6 - Inter-segment sales 0.2 0.0 0.2 0.0 0.1 EUROPE EAST - Net sales (external) 9.8 18.7 27.0 45.7 63.0 - Inter-segment sales 0.0 0.0 0.1 0.3 0.3 EUROPE CENTRAL - Net sales (external) 16.8 16.9 41.7 44.5 60.4 - Inter-segment sales 0.1 1.0 0.3 2.0 2.3 Elimination of sales between segments −1.2 −1.4 −2.0 −4.7 −7.1 NET SALES, TOTAL 166.2 185.9 479.8 519.9 714.1 Other operating income 0.8 0.9 12.5 1.8 3.0

Segment information: EBIT and EBIT-margin

66


EBIT 7–9/13

7–9/12 1–9/13

1–9/12 Restated*

1–12/12

(MEUR)

FINLAND 9.9 10.9 18.8 22.9 30.2

% of net sales 23.8% 24.2% 16.6% 18.4% 18.2%

SWEDEN 7.9 8.7 23.5 23.8 33.3

% of net sales 15.5% 16.4% 15.2% 15.7% 15.9%

NORWAY 5.7 6.4 17.4 15.7 22.2

% of net sales 16.0% 15.6% 15.5% 12.8% 12.8%

DENMARK −2.1 0.8 −3.6 0.8 1.6

% of net sales −17.4% 6.8% −11.1% 2.4% 3.6%

EUROPE EAST 3.5 4.4 14.5 5.9 10.9

% of net sales 35.3% 23.4% 53.4% 12.9% 17.3%

EUROPE CENTRAL 1.2 0.4 −3.7 −1.7 −1.6

% of net sales 7.1% 2.0% −8.9% −3.7% −2.5%

Net items not allocated to operating segments −1.9 −1.8 −5.5 −2.7 −4.2

GROUP EBIT 24.3 29.7 63.3 64.8 92.5

% of net sales 14.6% 16.0% 13.2% 12.5% 13.0%

For more information: www.ramirent.com Magnus Rosén, CEO +358 20 750 2845 [email protected] Jonas Söderkvist, CFO and EVP Corporate Functions +358 20 750 3248 [email protected] Franciska Janzon, IR +358 20 750 2859 [email protected]

rr results q3_2013_en_final

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