Ponsse discontinues all operations in Russia and withdraws its profit guidance

Ponsse Plc has decided to discontinue temporarily all export operations to Russia and Belarus for both PONSSE forest machines and their spare parts. Also the Ponsse Group’s Russian subsidiary OOO Ponsse is discontinues temporarily its local spare parts and service operations. Sales in Russia and Belarus account for about 20% of the company’s net sales calculated from the 2021 financial statements.

At the same time, Ponsse Plc withdraws its profit guidance for the current year. The new profit quidance is linked to the uncertainties caused by the situation in Ukraine and EU sanctions. The company announces that it will not provide new guidance for the current year. In accordance with the previous profit quidance, Group´s euro-denominated operating result in 2022 is estimated to be on a par with 2021.