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Profit guidance: Ponsse expects its operating profit for 2022 to be significantly lower than in the previous year

Ponsse Plc
Insider information

Profit guidance: Ponsse expects its operating profit for 2022 to be significantly lower than in the previous year

Due to suspended exports to Russia, challenges in the availability of parts and components, and intense inflation, Ponsse expects its euro-denominated operating profit to be significantly lower in 2022 than it was in 2021.

New guidance for 2022:
Ponsse expects its euro-denominated operating profit to be significantly lower in 2022 than it was in 2021.

Ponsse removed its previous guidance through a release issued on 2 March 2022 as follows:
“Ponsse will remove its guidance for the current year. The new guidance is associated with uncertainties caused by Russia’s invasion of Ukraine and related EU sanctions. The company announces that it will not issue any guidance for the current year.”

Publication of Ponsse’s Q1 interim report:
Ponsse will publish its Q1 interim report on 26 April 2022.


Vieremä, Finland, 25 April 2022

PONSSE PLC


Juho Nummela
President and CEO

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


DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media

www.ponsse.com 

Ponsse Plc specialises in the sale, production, maintenance and technology of cut-to-length method forest machines, and is driven by a genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customer needs.                                                

The company was established by forest machine entrepreneur Einari Vidgrén in 1970 and 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 Nordic List.