【出版时间及名称】：2010年2月芬兰建筑行业研究报告
        【作者】：德意志银行
        【文件格式】：PDF
        【页数】：57
        【目录或简介】：
Table of Contents
Executive summary ........................................................................... 3
Structural growth story .............................................................................................................3
Valuation ..................................................................................................................................4
Key risks...................................................................................................................................4
Business description ......................................................................... 5
Benefits of rental.......................................................................................................................5
The fleet ...................................................................................................................................6
Counter cyclical cash flow ........................................................................................................7
Market description ............................................................................ 8
Competitive landscape..............................................................................................................8
Nordic market ...........................................................................................................................8
Eastern Europe .........................................................................................................................9
Ramirent vs. Cramo ..................................................................................................................9
Industry growth drivers and outlook............................................. 11
Construction growth outlook ..................................................................................................11
Q409 equipment rental tracker survey – sequential improvement .........................................14
Increasing rental penetration rate structural growth driver .....................................................14
Market remains fragmented – room for further consolidation ................................................16
Ramirent vs. Cramo......................................................................... 17
Relative valuation ....................................................................................................................19
Ramirent........................................................................................... 22
Cramo ............................................................................................... 40