Ponsse Plc has disclosed a manager's transaction involving Tiina Kautonen, a senior manager. The transaction, dated August 22, 2024, involved the acquisition of 501 shares at a unit price of 22.944 EUR, with the total volume weighted average price also being 22.944 EUR. Ponsse Plc, established in 1970 by Einari Vidgrén, specializes in the sale, production, maintenance, and technology of cut-to-length method forest machines. The company is headquartered in Vieremä, Finland, and its shares are listed on the Nasdaq Nordic List. Further information can be obtained from CFO Petri Härkönen.

Ponsse Plc announced a manager's transaction involving Juha Inberg, a senior manager at the company. The transaction, which took place on August 22, 2024, involved the acquisition of 566 shares at a unit price of 22.944 EUR each, resulting in an aggregated volume weighted average price of 22.944 EUR. Ponsse Plc, headquartered in Vieremä, Finland, specializes in the production and sale of forest machines using the cut-to-length method. The company was founded in 1970 by Einari Vidgrén and is listed on the Nasdaq Nordic List. For further information, CFO Petri Härkönen can be contacted.

Ponsse Plc corrected an error in its half-year report for January-June 2024, initially released on August 13, 2024. The correction involves the "Change in provisions" figure in the cash flow statement, which was corrected from 978 to 11,151 EUR. The company's performance in the first half of 2024 saw a decline in net sales and operating profit compared to the previous year. Net sales were 357.7 million EUR, down from 409.8 million EUR, and operating profit was 0.6 million EUR, down from 26.8 million EUR. The net result was -11.7 million EUR, and earnings per share were -0.42 EUR. The order book stood at 210.4 million EUR. Cash flow from operations improved to 25.4 million EUR. The company faces challenges in the forest machine market, particularly in Europe, and has revised its profit guidance, expecting significantly lower operating profit in 2024 compared to 2023. The Brazilian Full Service contract remains a significant challenge, contributing to higher-than-expected losses. Despite these issues, the company's cash flow and solvency remain strong. Ponsse has also introduced a new global operating model to enhance efficiency and competitiveness. The company is preparing for future regulatory requirements and has made strides in sustainability, including transitioning to biogas at its factory. The outlook remains cautious due to market uncertainties, and the company is closely monitoring and adjusting its operations accordingly.

Ponsse Plc's half-year report for January-June 2024 reveals a challenging period. Net sales decreased to EUR 357.7 million from EUR 409.8 million in the same period last year. Operating profit fell sharply to EUR 0.6 million compared to EUR 26.8 million, and the net result was a loss of EUR 11.7 million versus a profit of EUR 21.8 million last year. Earnings per share dropped to EUR -0.42 from EUR 0.78. The order book value also declined to EUR 210.4 million from EUR 294.2 million. Key factors impacting performance included lower forest machine delivery volumes, weak demand for used machines, and significant losses from a Brazilian Full Service contract. Despite these challenges, cash flow from business operations improved to EUR 25.4 million from EUR 0.1 million. Ponsse's equity ratio stood at 52.8%. The company introduced a new operating model in June 2024 aimed at enhancing efficiency and competitiveness. Ponsse also revised its profit guidance, predicting a significantly lower operating profit for 2024 compared to 2023's EUR 47.2 million. The company continues to focus on cost control and improving operational efficiency in response to market uncertainties.

On August 9, 2024, Ponsse Plc issued a profit warning, indicating that its euro-denominated operating profit for 2024 is expected to be significantly lower than the EUR 47.2 million reported in 2023. This revision is primarily due to weaker-than-expected profitability from its Brazilian subsidiary, Ponsse Latin America Ltda. Previously, on April 19, 2024, the company had projected its 2024 operating profit to be slightly lower than in 2023. Ponsse will release its H1 mid-year report on August 13, 2024. Ponsse Plc, founded in 1970 and headquartered in Vieremä, Finland, specializes in the production and sale of cut-to-length method forest machines. Its shares are listed on the Nasdaq Nordic List.

Ponsse Plc has disclosed a managers' transaction involving its CEO, Juho Nummela. The notification, received on June 24, 2024, details an acquisition of shares by Nummela on June 19, 2024. The transaction took place at the XHEL venue, involving 3,142 shares at a unit price of 25.4606 EUR, with the same volume-weighted average price. Ponsse Plc, headquartered in Vieremä, Finland, specializes in the sale, production, maintenance, and technology of cut-to-length method forest machines. The company's shares are listed on the Nasdaq Nordic List. Further information can be obtained from CFO Petri Härkönen.

Ponsse Plc has disclosed a managers' transaction involving Juho Nummela, the company's Chief Executive Officer. The notification, received on May 30, 2024, details that Nummela received a share-based incentive involving 11,457 shares of Ponsse Plc, with a unit price of 0.00 EUR. The company's shares are listed on the Nasdaq Nordic List. Ponsse Plc, founded in 1970 and headquartered in Vieremä, Finland, specialises in the production and maintenance of cut-to-length method forest machines. Further information can be obtained from CFO Petri Härkönen.