New guidance for 2024
The company's operating profit in euros is estimated to be slightly weaker in 2024 than in 2023 (47.2 euros).

Reasons for the new guidelines and preliminary information on the turnover and profitability of the first quarter of 2024
Demand for forest machines continued low during the first quarter of the year. In addition, industrial actions in Finland lowed the net sales. Due to the poor development of turnover and the profitability of Ponsse's subsidiary, Ponsse Latin America Ltda, having fallen clearly short of expectations, the operating result (EBIT) for the first quarter is expected to decrease significantly from the comparative period.

Due to the weak first quarter, Ponsse changes the guidance for 2024 released on 20 February 2024. 

The previously published profit guidance for 2024
In the financial statement for 2023, published on February 20, 2024, Ponsse has assessed the profit outlook for 2024 as follows: “The company’s euro-denominated operating profit in 2024 is expected to be on par with the operating profit in 2023 (EUR 47.2 million).”

Publishing of Ponsse's Q1 interim report
The company will publish its interim report for January–March 2024 on Tuesday 23 April 2024.

Vieremä, 19 April 2024

PONSSE PLC

Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, +358 400 495 690

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com