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PONSSE PLC , STOCK EXCHANGE RELEASE , 20 APRIL 2021 , 9:00 a.m. PONSSE'S INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2021 PONSSE ― Net sales amounted to EUR 163.4 ( 144.5 ) million . - Operating result totalled EUR 16.8 ( 13.4 ) million , equalling 10.3 ( 9.3 ) per cent of net sales . - Profit before taxes was EUR 15.3 ( -1.6 ) million . - Cash flow from business operations was EUR 14.8 ( -11.7 ) million . ― Earnings per share were EUR 0.31 ( -0.11 ) . ― Equity ratio was 60.4 ( 46.5 ) per cent . - Order books stood at EUR 308.0 ( 209.2 ) million . 1/12 20.4.2021 PRESIDENT AND CEO JUHO NUMMELA : The forest machine market's positive development continued strongly in the first quarter . Demand was stimulated from the very start of the year by the forest industry's favourable outlook , and we received an increasing flow of orders throughout the quarter . Ponsse achieved an excellent order flow to an amount of EUR 299 million , increasing our order book to EUR 308 million . The full capacity of our Vieremä factory was used to produce new PONSSE forest machines . The global market situation for forest machines is good . The demand in large markets has grown , reaching excellent levels in Russia and Finland in particular . The steady employment of our customers has been evidenced by the strong growth of our aftersales services . Meanwhile , there has been active demand for trade - in machines , and the reduction in our trade - in machine stock has improved cash flow from business operations . We performed well in the period under review , with especially strong performance in cash flow . Spurred on by growth , our profitability also improved . Heavy demand has strained our supplier network . Heated demand for machine and equipment manufacturing has affected our supplier network , resulting in challenges in the availability of parts . There have also been problems in the availability of semiconductor products , including processors . Considering the circumstances , we have managed the challenges in availability successfully , and the Vieremä factory has produced machines on schedule . Marked attempts to hike the prices of parts and components have posed additional challenges with regard to our supplier network in addition to availability . There has been significant pressure for cost escalation , and we are seeking sustainable solutions in cooperation with our suppliers to control cost increases . Ponsse's white - collar employees continue teleworking to better protect our factory and service business network from the coronavirus pandemic . It is vital to keep our personnel healthy and maintain optimal customer service efficiency . In spite of the exceptional circumstances , we have continued our strong operational development . This quarter , we launched the upgraded PONSSE Scorpion family of products to an enthusiastic market reception . Ponsse employees made commendable efforts to work with customers in the development of this product . Production of the new Scorpion will begin after the summer holidays . Ponsse Oyj . FI - 74200 Vieremä , Finland , Phone +358 20 768 800 Business ID : 0934209-0 , Registered Office , Vieremä , Finland A logger's best friend www.ponsse.com