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Ponsse raises its result guidance for 2021
Ponsse Plc updates its estimate on the result guidance for 2021. The company estimates that its euro-denominated operating result in 2021 will be significantly higher than in 2020. Ponsse’s operating result in 2020 was EUR 57.1 million.
Ponsse has published its earlier result guidance in its financial statements bulletin on 16 February 2021, at which time the company estimated that its euro-denominated operating result in 2021 would be slightly higher than in 2020.
“The demand for PONSSE forest machines and the business situation of our customers have been at an excellent level throughout the year. The greatest challenges in our operations have been related to the availability of parts and components. We have succeeded reasonably well in a very challenging situation, and our factory in Vieremä has been operating according to our production programme. The manufacturing volumes of new PONSSE forest machines are increasing at a good pace, compared with the exceptional crisis year of 2020. There is still great uncertainty concerning the availability of certain component groups. The pressure associated with the rising cost of parts and components continues to be strong. The excellent growth of our service business and attachment harvester head sales has contributed to the positive development of our profitability”, says Juho Nummela, President and CEO of Ponsse Plc.
Ponsse will publish its interim report for the third quarter on 26 October 2021 at 9:00 a.m.
Vieremä, 13 October 2021
President and CEO
Juho Nummela, President and CEO, +358 400 495 690
Petri Härkönen, Chief Financial Officer, +358 50 409 8362
Nasdaq Helsinki Ltd