Cramo Plc Press Release 13 May 2019, at 12.00 pm (EET)
Cramo Plc will arrange a Capital Markets Day for the Modular Space (Adapteo) business on 10 June 2019, in Stockholm. The listing of Adapteo is expected to take place latest in the third quarter of 2019.
Cramo Plc will arrange a Capital Markets Day for investors, analysts and media on 10 June 2019 in Stockholm titled "Adapteo - Northern European leader in modular space". The day is hosted by Philip Isell Lind af Hageby, CEO of Adapteo and Timo Pirskanen, CFO of Adapteo.
As previously announced, Cramo Plc's Board of Directors has decided to spin off the Modular Space business (Adapteo) through a partial demerger. The separate listing of Adapteo on Nasdaq Stockholm is expected to take place latest in the third quarter of 2019. The planned completion date is 1 July 2019 pursuant to the demerger plan approved by Cramo Plc's Board of Directors on 18 February 2019.
Adapteo is a leading Northern European provider of modular space solutions. Adapteo offers temporary space and permanent space solutions primarily to end-customer segments in the social infrastructure sector, including school, daycare, health and social care, and special accommodation, as well as office and other end-customer segments.
Event details
The purpose of the Capital Markets Day is to give insight into Adapteo's business model and business areas including the markets in which Adapteo operates in, introduce key strengths and strategy, as well as discuss recent financial performance and financial targets going forward. The day will include a module site visit and presentations by Philip Isell Lind af Hageby, Timo Pirskanen and selected other Adapteo management team members.
A preliminary programme of the event is presented below. More detailed information will be sent to the participants and will be made available on the Cramo website www.cramogroup.comin June 2019.
| Time (CET) | Agenda and venue |
| 10.00-11.00 | Adapteo module site visit Venue: Adapteo AB office in Nova modules Address: Hasselgränd 5 (next to Hasselgatan 2), 194 37 Upplands Väsby Following the site visit there will be organised transport to the next venue |
| 11.30-12.30 | Lunch Venue: Kapitel 8 Address: Klarabergsviadukten 90, 111 64 Stockholm |
| 12.30-16.00 (approx) | Presentations by Adapteo management team Venue: Kapitel 8, Sankta Klara conference room Address: Klarabergsviadukten 90, 111 64 Stockholm |
A recording of the presentations will be available on the Group's website www.cramogroup.comafter the event. The presentations and presentation materials will be in English.
Registration
Register through this link: https://app.emarketeer.com/ext/form/entry.php?m=295955a37636b275ed80f8740c482654fa31d96&Origin=Direct. Last day to register is 5 June 2019.
CMD for remaining Cramo's Equipment Rental business to be organised in mid-September 2019
A Capital Markets Day event for Cramo's remaining Equipment Rental business is planned to be held after the demerger in mid-September 2019. In this event, Cramo will communicate its strategy and financial targets after the demerger. More information and the exact date will be posted after the demerger.
CRAMO PLC
Leif Gustafsson
President and CEO
Further information:
Mr Philip Isell Lind af Hageby, President and CEO of Adapteo
Mr Timo Pirskanen, CFO of Adapteo
Mr Aku Rumpunen, CFO, tel: +358 40 556 3546, e-mail: aku.rumpunen@cramo.com
Distribution:
Nasdaq Helsinki Ltd.
Major media
www.cramogroup.com
Cramo is Europe's second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in 14 countries. With a group staff around 2,700, Cramo's consolidated sales in 2018 was EUR 780 million. Cramo shares are listed on Nasdaq Helsinki Ltd.
Read more: www.cramogroup.com, www.twitter.com/cramogroup
