Ponsse’s consolidated net sales for 1 January – 30 June 2023 amounted to Euro 409.8 million, which is 16.4% more than in the 1H 2022. International business operations accounted for 74.1% of net sales.
Net sales were regionally distributed as follows: Northern Europe 45%, Central and Southern Europe 20.8%, North and South America 31.2% and other countries 3%.
1H 2023 operating result amounted to Euro 26.8 million, compared to Euro 21.9 million in 1H 2022. The operating result equalled 6.5% of net sales for the period under review.
Order intake for the 1H 2023 totalled Euro 350.3 million, while period-end order books were valued at Euro 294.2 million.
President and CEO Juho Nummela said: “Demand for Ponsse forest machines was at a reasonable level during the last quarter. The order intake for the Q2 2023 was approximately Euro 165.4 million. The company’s order books at the end of the period under review stood at Euro 294.2 million. The company’s net sales for the last quarter stood at Euro 208.1 million. Of our operations, the sale and maintenance of new machines grew moderately, while the net sales of used machines decreased slightly during the first half of the year. Our technology company Epec continued its strong growth as planned. Our forest machine factory in Vieremä operated at its normal capacity, and delivery volumes were at a good level during the last quarter.”
Outlook
Ponsse’s Euro-denominated operating profit in 2023 is expected to be slightly higher than the operating profit of its continuing operations in 2022 (Euro 46.6 million).
Due to the uncertainty in the market, the company keeps prioritising its investments and the cost control will be continued. The development work to improve profitability continues. The company monitors changes in the operating environment and customers operating conditions closely.
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.
