Ponsse Oyj 1

Ponsse Plc announced a manager's transaction involving Katja Paananen, a senior manager at the company. The transaction, which took place on August 22, 2024, involved the acquisition of 226 shares at a unit price of 22.944 EUR each. The total volume weighted average price for the transaction was also 22.944 EUR. 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 Marko Mattila, a senior manager at the company. The transaction, which took place on August 22, 2024, involved the acquisition of 392 shares at a unit price of 22.944 EUR. The aggregated volume of the transaction was 392 shares with a volume-weighted average price of 22.944 EUR. Ponsse Plc, founded 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. For further information, CFO Petri Härkönen can be contacted.

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.