Ponsse cuts its guidance for 2024. The company's operating profit in Euro is estimated to be slightly weaker than in 2023 (Euro 47.2).
The turnover and operating profit (EBIT) of the Q1 are expected to be significantly lower than the comparison period.
Demand for forest machines continued low during the Q1 of the year. In addition, industrial actions in Finland lowed the net sales. Due to the poor development of turnover and the profitability of Ponsse's subsidiary, Ponsse Latin America Ltda, having fallen clearly short of expectations, the operating result (EBIT) for the Q1 is expected to decrease significantly from the comparative period.
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.
