Market: Machinery and Equipment
Posted March 19, 2018
Ponsse's consolidated net sales for the FY 2017 amounted to Euro 576.6 million, which is 11.4% more than in 2016. Net sales were regionally distributed as follows: Northern Europe 38%, Central and Southern Europe 18.6%, Russia and Asia 20.1%, North and South America 22.9% and other countries 0.5%, the company said in the press release received by Lesprom Network.
FY 2017 operating result amounted to Euro 67.4 (55.2) million, compared to Euro 55.2 million in 2016. The operating result equalled 11.7% of net sales for the period under review. Consolidated return on capital employed (ROCE) stood at 26.4%.
Order intake for the FY 2017 totalled Euro 582.1 million, while period-end order books were valued at Euro 124.6 million.
President and CEO Juho Nummela, said: “2017 was an excellent year for Ponsse with respect to balanced growth, profitability and cash flow from operations. We succeeded during each quarter throughout the year. Our profitability was good at 11.7%, while we also achieved an 11.4% growth figure and a positive cash flow of Euro 56.5 million. Exports made up 77.3% of turnover.”
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.