Ponsse's 1H 2019 consolidated net sales amounted to Euro 315.8 million, which is 8.5% more than in the comparison period, as the company said in the press release received by Lesprom Network.
The operating result amounted to Euro 30.4 million. The operating result equalled 9.6% of net sales for the 1H 2019. Consolidated return on capital employed (ROCE) stood at 22.6%.
Order intake for the period totalled Euro 391.6 million, while period-end order books were valued at Euro 361.1 million.
In the 2Q of the year, the company’s net sales were Euro 172.7 million. The deliveries of new Ponsse
machines were achieved as planned by the end of the 2Q. The Service businesses’
net sales continued to grow, and the market for trade-in machines also
functioned well. There was good growth in the net sales of trade-in machines
from the comparison period. International business operations accounted for
79.7% of net sales.
Profit for the 2Q 2019 amounted to Euro 17.5 million. The operating result for the 2Q was 10.2%. Strong invoicing combined with cost control had a positive impact on profitability. Cash flow during the period under review was Euro 2.7 million, which was at a normal level considering the period.
President and CEO Juho Nummela: “Despite the uncertainties in the world’s economy, the demand for Ponsse forest machines continued to be brisk during the last quarter, and the company’s order intake was very good. Our order books were very strong at the end of the period under review, totalling Euro 361.1 million. With the improving availability of components, manufacturing volumes at our Vieremä factory have been growing continuously. The challenges in starting the serial production of new products during the first quarter of the year have been quickly resolved.”
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.