PONSSE PLC STOCK EXCHANGE RELEASE 19 APRIL 2010
THE NET SALES AND OPERATING RESULT FROM BUSINESS OPERATIONS OF PONSSE PLC ARE
ANTICIPATED TO BE BETTER THAN EXPECTED
Ponsse Plc has published on 16 February 2010 Financial Statements release, and
according to the results guidance included in them ”Net sales in 2010 will grow
from previous year. Operating result and cash flow from business operations will
be positive. The operating results of the quarters will be different due to
seasonal fluctuation.”
The sales of forest machines continued to pick up during the first quarter of
2010. At the end of the period under review, the company's order book stood at
EUR 37 million (EUR 16 million). The factory increased its capacity utilisation
rate by approximately 40%.
During the first quarter of 2010, the company's net sales and profitability have
developed better than expected. The company's net sales during the first quarter
of 2010 amounted to approximately EUR 51.3 million (EUR 37.5 million), while its
operating result was about EUR 2.8 million (EUR -8.7 million). The net income
recorded during the period under review was about EUR 6.3 million (EUR -9.4
million). The net income includes financial income of about EUR 2.1 million
mainly resulting from currency rate fluctuations (EUR -258 thousand). The
adjustment request regarding the company's income taxation was approved, and as
a result, the income tax for the first quarter amounts to approximately EUR 1.5
million (EUR -410 thousand).
Net sales for 2010 will grow substantially compared to the previous year.
Operating result and cash flow from business operations will be clearly
positive.
Ponsse Plc´s interim report for 1 January - 31 March 2010 will be published on
27 April 2010.
Vieremä, 19 April 2010
PONSSE PLC
Juho Nummela
President and CEO
FURTHER INFORMATION
President and CEO Juho Nummela, tel. +358 400 495 690
CFO Petri Härkönen, tel. +358 50 409 8362
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com
Ponsse Plc specialises in the sales, production, maintenance and technology of
cut-to-length forest machines. Its operations are guided by a genuine interest
in its customers and their business operations. The company develops and
manufactures innovative harvesting solutions that follow the principles of
sustainable development and are based on customer needs.
The company was established by forest machine entrepreneur Einari Vidgrén in
1970, and it has been a pioneer of 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. The Group
operates in approximately 40 countries.