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6.8.2013

PONSSE’S INTERIM REPORT FOR 1 JANUARY – 30 JUNE 2013

PONSSE PLC, STOCK EXCHANGE RELEASE, 6 AUGUST 2013, 9:00 a.m.



PONSSE’S INTERIM REPORT FOR 1 JANUARY – 30 JUNE 2013

– Net sales amounted to EUR 145.3 (H1/2012 151.1) million.
– Q2 net sales amounted to EUR 83.6 (Q2/2012 74.3) million.
– Operating result totalled EUR 8.5 (H1/2012 10.7) million, equalling 5.9 (7.1)
per cent of net sales. 
– Q2 operating result totalled EUR 8.4 (Q2/2012 6.2) million, equalling 10.1
(8.3) per cent of net sales. 
– Profit before taxes was EUR 5.2 (H1/2012 9.3) million.
– Cash flow from business operations was EUR 7.2 (0.1) million.
– Earnings per share were EUR 0.10 (0.20).
– Equity ratio was 32.6 (41.5) per cent.
– Order books stood at EUR 57.7 (56.0) million.

PRESIDENT AND CEO JUHO NUMMELA:

During the second quarter, our order intake improved and order books developed
favourably. The invoicing of the new machines that was delayed during the first
quarter was invoiced by the end of the second quarter. Since the beginning of
June, the Vieremä factory has been operating in two shifts, and the current
order books will enable operations to continue in two shifts for the time
being. The company’s order books amounted to EUR 57.7 (56.0) million at the end
of the period, which is 3 per cent less than in the comparison period and 17.5
per cent more than in the first quarter. 


Picking up of the construction in North America further increased the demand
for forest machines. The active demand in the Russian and Finnish markets had a
significant effect on performance in the second quarter. Of our other main
markets, Central Europe and Sweden in particular continued to be quiet during
the period under review. The total Swedish forest machine market will decrease
significantly compared to the previous year. Ponsse has been able to
significantly extend its foothold in Latin America. 

Net sales of maintenance services continued to grow during the period under
review, while the growth in net sales of used machines stabilised. These,
together with good level of new machine invoicing, resulted in strong net sales
of EUR 83.6 (74.3) million for the second quarter. 

This represents growth of 36 per cent compared to the first quarter. Net sales
for the period under review amounted to EUR 145.3 (151.1) million, representing
a decrease 3.8 per cent compared with the corresponding period. 

The operating result for the past quarter was EUR 8.4 (6.2) million, and EUR
8.5 (10.7) million for the period under review. The operating result for the
second quarter was 10.1 (8.3) per cent of net sales, i.e. close to the normal
level. 

Cash flow from business operations amounted to EUR 7.2 (0.1) million in the
period under review. Capital tied up in new products returned to its normal
level as a result of good invoicing. 

Our investments in R&D continued normally. Maintenance services, sales and the
subsidiary network also operated normally throughout the period under review. 


During the past quarter, Ponsse introduced a new harvester model. PONSSE
Scorpion is a next-generation harvester with several innovative technological
solutions. The new machine was extremely well received and, all in all, PONSSE
Scorpion has received a lot of positive attention and feedback. The machine
will complement the existing product portfolio. Serial production of the new
harvester will start at the beginning of 2014, and sales are actively ongoing.
The machine has been in great demand globally. 


NET SALES


Consolidated net sales for the period under review amounted to EUR 145.3
(151.1) million, which is 3.8 per cent less than in the comparison period.
International business operations accounted for 68.6 (64.7) per cent of net
sales. 


Net sales were regionally distributed as follows: Northern Europe 45.8 (56.5)
per cent, Central and Southern Europe 14.4 (18.7) per cent, Russia and Asia
15.9 (10.9) per cent, North and South America 23.9 (13.9) per cent and other
countries 0.0 (0.0) per cent. 



PROFIT PERFORMANCE


The operating result amounted to EUR 8.5 (10.7) million. The operating result
equalled 5.9 (7.1) per cent of net sales for the period under review.
Consolidated return on capital employed (ROCE) stood at 9.1 (17.1) per cent. 


Staff costs for the period totalled EUR 24.9 (26.7) million. Other operating
expenses stood at EUR 15.3 (15.3) million. The net total of financial income
and expenses amounted to EUR -3.2 (-1.4) million. Exchange rate gains and
losses with a net effect of EUR -2.4 (-0.6) million were recognised under
financial items for the period. Profit for the period under review totalled EUR
3.2 (6.4) million. Diluted and undiluted earnings per share (EPS) came to EUR
0.01 (0.20). The interest on the subordinated loan for the period, less tax,
has been taken into account in the calculation of EPS. 



STATEMENT OF FINANCIAL POSITION AND FINANCING ACTIVITIES


At the end of the period under review, the total consolidated statements of
financial position amounted to EUR 183.3 (177.8) million. Inventories stood at
EUR 81.8 (92.7) million. Trade receivables totalled EUR 30.0 (24.4) million,
while liquid assets stood at EUR 6.7 (7.7) million. Group shareholders’ equity
stood at EUR 59.4 (73.2) million and parent company shareholders’ equity at EUR
77.9 (73.6) million. In the comparison period Group shareholders’ equity
includes a hybrid loan of EUR 19 million issued on 31 March 2009 and settled on
28 March 2013. A separate release was issued on 19 February 2013 regarding the
settlement of the hybrid loan. The interest paid on the hybrid loan totalling
EUR 9.1 million, less tax, is recognised as a deduction from Group equity. The
amount of interest-bearing liabilities was EUR 77.6 (48.0) million. The company
has used 36 per cent of its credit facility limit. The parent company's net
receivables from other Group companies stood at EUR 78.9 (78.2) million. The
parent company’s receivables from subsidiaries mainly consisted of trade
receivables. Consolidated net liabilities totalled EUR 70.9 (40.3) million, and
the debt-equity ratio (gearing) was 119.4 (55.1) per cent. The equity ratio
stood at 32.6 (41.5) percent at the end of the period under review. 


Cash flow from business operations amounted to EUR 7.2 (0.1) million. Cash flow
from investment activities came to EUR -6.3 (-6.0) million. 



ORDER INTAKE AND ORDER BOOKS


Order intake for the period totalled EUR 161.3 (136.4) million, while
period-end order books were valued at EUR 57.7 (56.0) million. 



DISTRIBUTION NETWORK


No changes took place in the Group structure during the period under review.


The subsidiaries included in the Ponsse Group are: Epec Oy, Finland; OOO
Ponsse, Russia; Ponsse AB, Sweden; Ponsse AS, Norway; Ponsse Asia-Pacific Ltd,
Hong Kong; Ponsse China Ltd, China; Ponsse Latin America Ltda, Brazil; Ponsse
North America, Inc., the United States; Ponssé S.A.S., France; Ponsse UK Ltd,
the United Kingdom; and Ponsse Uruguay S.A., Uruguay. Sunit Oy, based in
Kajaani, Finland, is an affiliated company in which Ponsse Plc has a holding of
34 per cent. 




CAPITAL EXPENDITURE AND R&D


During the period under review, the Group’s R&D expenses totalled EUR 5.0 (4.7)
million, of which EUR 1.6 (1.3) million was capitalised. 


Capital expenditure totalled EUR 6.3 (6.0) million. It consisted in addition to
capitalised R&D expenses of investments in buildings and ordinary maintenance
and replacement investments for machinery and equipment. 



MANAGEMENT


The following persons were members of the Management Team: Juho Nummela,
President and CEO, acting as the chairman; Juha Haverinen, Factory Director;
Petri Härkönen, CFO; Juha Inberg, Technology and R&D Director; Tapio Mertanen,
Service Director; Paula Oksman, HR Director and Jarmo Vidgrén, Deputy CEO,
Sales and Marketing Director. The company management has regular management
liability insurance. 

A member of the Management Team and the Purchasing and Logistics Director Pasi
Arajärvi was leaving the company on 13 May 2013. The release was issued on 7
May 2013. 


The area director organisation of sales is lead by Jarmo Vidgrén, Group’s Sales
and Marketing Director and Tapio Mertanen, Service Director. The geographical
distribution and the responsible persons are presented below: 


Northern Europe: Jarmo Vidgrén (Finland), Eero Lukkarinen (Sweden, Denmark) and
Sigurd Skotte (Norway), 

Central and Southern Europe: Janne Vidgrén (Austria, Poland, Romania, Germany,
the Czech Republic and Hungary), Clément Puybaret (France), Jussi Hentunen
(Spain, Italy, Portugal and Norrbotten/Sweden) and Gary Glendinning (the United
Kingdom), 

Russia and Asia: Jaakko Laurila (Russia, Belarus), Norbert Schalkx (Japan and
the Baltic countries) and Risto Kääriäinen (China), 

North and South America: Pekka Ruuskanen (the United States), Marko Mattila
(North American dealers), Teemu Raitis (Brazil) and Martin Toledo (Uruguay). 



PERSONNEL


The Group had an average staff of 999 (995) during the period and employed
1,043 (1,024) people at period-end. 



SHARE PERFORMANCE


The company’s registered share capital consists of 28,000,000 shares. The
trading volume of Ponsse Plc shares for 1 January – 31 June 2013 totalled
1,083,997, accounting for 3.9 per cent of the total number of shares. Share
turnover amounted to EUR 6.8 million, with the period’s lowest and highest
share prices amounting to EUR 5.50 and EUR 6.89, respectively. 


At the end of the period, shares closed at EUR 5.74, and market capitalisation
totalled EUR 160.7 million. 


At the end of the period under review, the company held 212,900 treasury shares.



ANNUAL GENERAL MEETING


A separate release was issued on 16 April 2013 regarding the authorizations
given to the Board of Directors and other resolutions at the AGM. 



GOVERNANCE


In its decision-making and administration, the company observes the Finnish
Limited Liability Companies Act, other regulations governing publicly listed
companies and the company’s Articles of Association. The company’s Board of
Directors has adopted the Code of Governance that complies with the Finnish
Corporate Governance Code approved by the Board of the Securities Market
Association in 2010. The purpose of the code is to ensure that the company is
professionally managed and that its business principles and practices are of a
high ethical and professional standard. 


The Code of Governance is available on Ponsse’s website in the Investors
section. 



RISK MANAGEMENT


Risk management is based on the company’s values, as well as strategic and
financial objectives. Risk management aims to support the achievement of the
objectives specified in the company’s strategy, as well as to ensure the
financial development of the company and the continuity of its business. 


Furthermore, risk management aims to identify, assess and monitor
business-related risks which may influence the achievement of the company’s
strategic and financial goals or the continuity of its business. Decisions on
the necessary measures to anticipate risks and react to observed risks are made
on the basis of this information. 


Risk management is a part of regular daily business, and it is also included in
the management system. Risk management is controlled by the risk management
policy approved by the Board. 


A risk is any event that may prevent the company from reaching its objectives
or that threatens the continuity of business. On the other hand, a risk may
also be a positive event, in which case the risk is treated as an opportunity.
Each risk is assessed on the basis of its impact and probability. Methods of
risk management include avoiding, mitigating and transferring risks. Risks can
also be managed by controlling and minimising their impact. 



SHORT-TERM RISK MANAGEMENT


The prolonged insecurity in the world economy and weak economic situation may
result in a decline in the demand for forest machines. 


The rapid escalation of the problems in the economies of Europe and the United
States in the financial market may have an impact on the availability of
customer financing. 


The parent company monitors the changes in the Group’s internal and external
trade receivables and the associated risk of impairment. 


The key objective of the company’s financial risk management policy is to
manage liquidity, interest and currency risks. The company ensures its
liquidity through credit limit facilities agreed with a number of financial
institutions. The effect of adverse changes in interest rates is minimised by
utilising credit linked to different reference rates and by concluding interest
rate swaps. The effects of currency rate fluctuations are mitigated through
derivative contracts. 


Changes taking place in the fiscal and customs legislation in countries to
which Ponsse exports may hamper the company’s export trade or its
profitability. 



OUTLOOK FOR THE FUTURE


The Group’s euro-denominated operating profit is expected to remain lower than
in 2012. 

In general, the positive work situation of the customers and Ponsse’s strongly
renewed product portfolio and maintenance service solutions are having a
positive effect on the company’s business operations. 


In Europe the markets are still uneasy due to the economic situation.


Due to the improved order books, the factory in Vieremä is operating in two
shifts for the time being. Sales and maintenance functions are operating
normally. We estimate that the work situation of our customers will also
continue to be good in the future. 




PONSSE GROUP


CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (EUR 1,000)





                                                                  IFRS      IFRS
                                                                1-6/13    1-6/12
NET SALES                                                      145,285   151,090
Increase (+)/decrease (-) in inventories of finished goods       1,716     8,527
 and work in progress                                                           
Other operating income                                             529       319
Raw materials and services                                     -95,479  -104,443
Expenditure on employment-related benefits                     -24,938   -26,688
Depreciation and amortisation                                   -3,285   -15,337
Other operating expenses                                       -15,324    10,708
OPERATING RESULT                                                 8,505    10,708
Share of results of associated companies                          -105       -53
Financial income and expenses                                   -3,207    -1,386
RESULT BEFORE TAXES                                              5,193     9,269
Income taxes                                                    -1,958    -2,898
NET RESULT FOR THE PERIOD                                        3,235     6,371
                                                                                
OTHER ITEMS INCLUDED IN TOTAL COMPREHENSIVE RESULT:                             
Translation differences related to foreign units                   658      -314
                                                                                
TOTAL COMPREHENSIVE RESULT FOR THE PERIOD                        3,893     6,057
                                                                                
                                                                                
Diluted and undiluted earnings per share*                         0.10      0.20
                                                                                





                                                                   IFRS     IFRS
                                                                 4-6/13   4-6/12
NET SALES                                                        83,640   74,334
Increase (+)/decrease (-) in inventories of finished goods and  -10,299    5,100
 work in progress                                                               
Other operating income                                              389      178
Raw materials and services                                      -43,327  -51,314
Expenditure on employment-related benefits                      -12,344  -13,596
Depreciation and amortisation                                    -1,637   -1,391
Other operating expenses                                         -8,008   -7,134
OPERATING RESULT                                                  8,412    6,177
Share of results of associated companies                            -21       -9
Financial income and expenses                                    -3,911     -931
RESULT BEFORE TAXES                                               4,480    5,236
Income taxes                                                     -1,757   -1,685
NET RESULT FOR THE PERIOD                                         2,723    3,551
                                                                                
OTHER ITEMS INCLUDED IN TOTAL COMPREHENSIVE RESULT:                             
Translation differences related to foreign units                  1,501     -617
                                                                                
TOTAL COMPREHENSIVE RESULT FOR THE PERIOD                         4,224    2,934
                                                                                
                                                                                
Diluted and undiluted earnings per share*                          0.10     0.11
                                                                                


 * The interest on the subordinated loan for the period, less tax, was taken
into account in this figure. 



CONSOLIDATED STATEMENT OF FINANCIAL POSITION (EUR 1,000)





                                                    IFRS       IFRS
ASSETS                                         30 Jun 13  31 Dec 12
NON-CURRENT ASSETS                                                 
Intangible assets                                 12,808     11,898
Goodwill                                           3,440      3,440
Property, plant and equipment                     37,583     35,525
Financial assets                                     111        111
Investments in associated companies                  971      1,186
Non-current receivables                              933        999
Deferred tax assets                                1,546      1,628
TOTAL NON-CURRENT ASSETS                          57,393     54,787
                                                                   
CURRENT ASSETS                                                     
Inventories                                       81,831     81,636
Trade receivables                                 30,018     25,954
Income tax receivables                               394      1,959
Other current receivables                          6,948      3,313
Cash and cash equivalents                          6,717     14,083
TOTAL CURRENT ASSETS                             125,908    126,944
                                                                   
TOTAL ASSETS                                     183,301    181,732
                                                                   
                                                                   
SHAREHOLDERS’ EQUITY AND LIABILITIES                               
SHAREHOLDERS’ EQUITY                                               
Share capital                                      7,000      7,000
Other reserves                                        30     19,030
Translation differences                             -880     -1,538
Treasury shares                                   -2,228     -2,228
Retained earnings                                 55,468     59,180
EQUITY OWNED BY PARENT COMPANY SHAREHOLDERS       59,390     81,444
                                                                   
NON-CURRENT LIABILITIES                                            
Interest-bearing liabilities                      49,469     21,474
Deferred tax liabilities                           1,136        968
Other non-current liabilities                          0         13
TOTAL NON-CURRENT LIABILITIES                     50,605     22,455
                                                                   
CURRENT LIABILITIES                                                
Interest-bearing liabilities                      28,138     34,912
Provisions                                         4,697      4,977
Tax liabilities for the period                       118        385
Trade creditors and other current liabilities     40,353     37,558
TOTAL CURRENT LIABILITIES                         73,306     77,833
                                                                   
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES       183,301    181,732



CONSOLIDATED STATEMENT OF CASH FLOWS (EUR 1,000)





                                                         IFRS     IFRS
                                                       1-6/13   1-6/12
CASH FLOW FROM BUSINESS OPERATIONS:                                   
Net result for the period                               3,235    6,371
Adjustments:                                                          
Financial income and expenses                           3,207    1,386
Share of the result of associated companies               105       53
Depreciation and amortisation                           3,285    2,760
Income taxes                                            1,958    3,175
Other adjustments                                       1,456     -538
Cash flow before changes in working capital            13,246   13,207
                                                                      
Change in working capital:                                            
Change in trade receivables and other receivables      -8,064    3,674
Change in inventories                                    -195  -12,195
Change in trade creditors and other liabilities         3,861    3,120
Change in provisions for liabilities and charges         -280      174
Interest received                                         124       67
Interest paid                                            -521     -565
Other financial items                                    -605     -359
Income taxes paid                                        -397   -7,012
NET CASH FLOW FROM BUSINESS OPERATIONS (A)              7,170      111
                                                                      
CASH FLOW FROM INVESTMENTS                                            
Investments in tangible and intangible assets          -6,253   -6,027
Proceeds from sale of tangible and intangible assets        0        0
CASH OUTFLOW FROM INVESTMENT ACTIVITIES (B)            -6,253   -6,027
                                                                      
FINANCING                                                             
Hybrid loan                                           -19,000        0
Interest paid, hybrid loan                             -1,136   -1,136
Withdrawal/Repayment of current loans                  -4,469    8,502
Change in current interest-bearing liabilities            213       54
Withdrawal of non-current loans                        29,201    4,799
Repayment of non-current loans                         -2,305   -4,806
Payment of finance lease liabilities                   -1,724      111
Change in non-current receivables                          66       69
Dividends paid                                         -6,947   -9,725
NET CASH OUTFLOW FROM FINANCING (C)                    -6,101   -2,133
                                                                      
Change in cash and cash equivalents (A+B+C)            -5,184   -8,050
                                                                      
Cash and cash equivalents on 1 January                 14,083   16,267
Impact of exchange rate changes                        -2,183     -524
Cash and cash equivalents on 30 June                    6,717    7,694




CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (EUR 1,000)



A = Share capital                       
B = Share premium and other reserves    
C = Translation differences             
D = Treasury shares                     
E = Retained earnings                                                           
F = Total shareholders’ equity          
                                 EQUITY OWNED BY PARENT COMPANY SHAREHOLDERS    
                                     A        B       C       D       E        F
SHAREHOLDERS’ EQUITY 1 JAN 2013  7,000   19,030  -1,538  -2,228  59,180   81,444
Translation differences                             658                      658
Result for the period                                             3,235    3,235
Total comprehensive income for                      658           3,235    3,893
 the period                                                                     
Direct entries to retained                                                      
 earnings*                                                                      
Dividend distribution                                            -6,947   -6,947
Other changes                           -19,000                          -19,000
SHAREHOLDERS' EQUITY 30 JUN      7,000       30    -880  -2,228  55,468   59,390
 2013                                                                           
                                                                                
                                                                                
SHAREHOLDERS’ EQUITY 1 JAN 2012  7,000   19,030  -1,975  -2,228  56,736   78,563
Translation differences                            -314                     -314
Result for the period                                             6,371    6,371
Total comprehensive income for                     -314           6,371    6,057
 the period                                                                     
Direct entries to retained                                       -1,721   -1,721
 earnings*                                                                      
Dividend distribution                                            -9,725   -9,725
Other changes                                                                  0
SHAREHOLDERS' EQUITY 30 JUN      7,000   19,030  -2,289  -2,228  51,661   73,174
 2012                                                                           
* Consists of the interest paid, less tax, for the hybrid loan classified as    
 equity.                                                                        
                                                                                


SEGMENT INFORMATION (EUR 1,000)





OPERATING SEGMENTS                                                              
1-6/2013         Northern    Central and    Russia    North and  Elimin    Total
                   Europe       Southern  and Asia        South   ation         
                                  Europe                America                 
Net sales of      109,340         21,223    23,418       35,185          189,166
 the segment                                                                    
Sales between     -42,814           -371      -268         -452          -43,905
 segments                                                                       
Unallocated                                                                   24
 sales                                                                          
NET SALES FROM     66,527         20,852    23,149       34,733          145,285
 EXTERNAL                                                                       
 CUSTOMERS                                                                      
                                                                                
Operating           1,496          2,498     3,991        3,511           11,496
 result of the                                                                  
 segment                                                                        
Unallocated                                                               -2,991
 items                                                                          
OPERATING           1,496          2,498     3,991        3,511            8,505
 RESULT                                                                         
                                                                                
OPERATING SEGMENTS                                                              
1-6/2012         Northern    Central and    Russia    North and  Elimin    Total
                   Europe       Southern  and Asia        South   ation         
                                  Europe                America                 
Net sales of      117,569         28,334    16,645       21,158          183,707
 the segment                                                                    
Sales between     -32,262            -93      -136         -151          -32,643
 segments                                                                       
Unallocated                                                                   26
 sales                                                                          
NET SALES FROM     85,307         28,241    16,508       21,007          151,090
 EXTERNAL                                                                       
 CUSTOMERS                                                                      
                                                                                
Operating           5,124          4,660     2,335          232           12,350
 result of the                                                                  
 segment                                                                        
Unallocated                                                               -1,642
 items                                                                          
OPERATING           5,124          4,660     2,335          232           10,708
 RESULT                                                                         






                                    30 Jun 13  30 Jun 12  31 Dec 12
1. LEASING COMMITMENTS (EUR 1,000)      1,965      3,149      2,898





2. CONTINGENT LIABILITIES (EUR 1,000)  30 Jun 13  30 Jun 12  31 Dec 12
Guarantees given on behalf of others         510        701      1,601
Repurchase commitments                     1,122      1,540      1,541
Other commitments                          5,509      4,129      3,616
TOTAL                                      7,142      6,369      6,758





3. PROVISIONS (EUR 1,000)  Guarantee provision
1 January 2013                           4,977
Provisions added                           380
Provisions cancelled                      -660
30 June 2013                             4,697





4. DIVIDENDS PAID (EUR 1,000)            30 Jun 13  30 Jun 12
Dividends per share EUR 0.25 (EUR 0.35)      6,947      9,725





5. PROPERTY, PLANT AND EQUIPMENT (EUR 1,000)  1-6/13  1-6/12
Increase                                       4,654   4,228
Decrease                                        -509    -105
TOTAL                                          4,145   4,124





6. RELATED PARTY TRANSACTIONS                              1-6/13  1-6/12
Management’s employment-related benefits (EUR 1,000)                     
Salaries and other short-term employment-related benefits   1,404   1,552
Board of Directors’ emoluments                                182     123
                                                                         





KEY FIGURES AND RATIOS                          30 Jun 13  30 Jun 12  31 Dec 12
R&D expenditure, MEUR                                 5.0        4.7        9.5
Capital expenditure, MEUR                             6.3        6.0       18.1
as % of net sales                                     4.3        4.0        5.7
Average number of employees                           999        995        994
Order books, MEUR                                    57.7       56.0       41.8
Equity ratio, %                                      32.6       41.5       45.1
Diluted and undiluted earnings per share (EUR)       0.10       0.20       0.44
Equity per share (EUR)                               2.12       2.61       2.91



FORMULAE FOR FINANCIAL INDICATORS


Return on capital employed, %:

Result before tax + financial expenses

--------------------------------------------

Shareholder´s equity + interest-bearing financial liabilities (average during
the year) * 100 


Average number of employees:

Average of the number of personnel at the end of each month. The calculation
has been adjusted for part-time employees. 


Net gearing, %:

Interest-bearing financial liabilities – cash and cash equivalents

--------------------------------------------------------------------------------
----- 

Shareholders’ equity * 100


Equity ratio, %:

Shareholders’ equity + Non-controlling interests

---------------------------------------------

Balance sheet total - advance payments received * 100


Earnings per share:

Net income for the period - Non-controlling interests - Interest on hybrid loan
for the period less tax 

----------------------------------------------

Average number of shares during the accounting period, adjusted for share issues


Equity per share:

Shareholders’ equity

----------------------------------------------

Number of shares on the balance sheet date, adjusted for share issues







ORDER INTAKE, MEUR  1-6/13  1-6/12  1-12/12
Ponsse Group         161.3   136.4    285.9



The interim report has been prepared observing the recognition and valuation
principles of IFRS standards and it complies with all of the requirements of
IAS 34. The same accounting principles were observed for the interim report as
for the annual financial statements dated 31 December 2012. 


The above figures have not been audited.


The above figures have been rounded and may therefore differ from those given
in the official financial statements. 


This communication includes future-oriented statements that are based on the
assumptions currently made by the company’s management and its current
decisions and plans. Although the management believes that the future
expectations are well founded, there is no certainty that these expectations
will prove to be correct. This is why the results may significantly deviate
from the assumptions included in the future-oriented statements as a result of,
among other things, changes in the economy, markets, competitive conditions,
legislation or currency exchange rates. 



Vieremä, 6 August 2013


PONSSE PLC


Juho Nummela
President and CEO



FURTHER INFORMATION
Juho Nummela, President and CEO, tel. +358 20 768 8914 or +358 400 495 690
Petri Härkönen, CFO, tel. +358 20 768 8608 or +358 50 409 8362


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




Ponsse Plc is a company specialising in the sales, manufacture, servicing and
technology of cut-to-length method forest machines and is driven by genuine
interest in its customers and their business. Ponsse develops and manufactures
sustainable and innovative harvesting solutions based on customers’ needs. 

The company was established by forest machine entrepreneur Einari Vidgrén in
1970, and it has been a leader in timber harvesting solutions based on the
cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland.
The company’s shares are quoted on the NASDAQ OMX Nordic List.

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