Ponsse’s consolidated net sales for the 1H 2018 amounted to Euro 291.1 million, which is 12.5% more than in the 1H 2017.
The operating result amounted to Euro 29.5 million, compared to Euro 28.2 million in the 1H 2017. The operating result equalled 10.1% of net sales for the period under review. Consolidated return on capital employed (ROCE) stood at 21.6%.
Order intake for the period totalled Euro 355.7 million, while period-end order books were valued at Euro 187 million.
President and CEO Juho Nummela said: ”The forest machine market continued to be extremely strong in the second quarter of the year. Of our market areas, North and Central Europe, as well as Russia, grew most strongly. Order intake for the quarter was excellent, and the order books for the period under review showed a result of Euro 187 million. Good demand, long order books and investment in the factory have had an effect on the length of delivery times. In the current situation, demand exceeds capacity considerably, and the pressures to accelerate delivery times have continued to grow. With the heated economic situation, it has been difficult to get components, and the situation will remain challenging in the near future. However, Ponsse has been able to manufacture machines according to the plan.”
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines.
Photo: Ponsse President and CEO Juho Nummela