Interim report
Page 1
PONSSE PONSSE PLC , STOCK EXCHANGE RELEASE , 26 OCTOBER 2021 , 9:00 a.m. 1/12 26.10.2021 PONSSE'S INTERIM REPORT FOR 1 JANUARY - 30 SEPTEMBER 2021 ― Net sales amounted to EUR 523.4 ( Q1 - Q3 / 2020 431.4 ) million . - Q3 net sales amounted to EUR 172.6 ( Q3 / 2020 155.0 ) million . – Operating result totalled EUR 56.3 ( Q1 - Q3 / 2020 43.4 ) million , equalling 10.8 ( 10.1 ) per cent of net sales . - Q3 operating result totalled EUR 20.0 ( Q3 / 2020 21.6 ) million , equalling 11.6 ( 13.9 ) per cent of net sales . - Profit before taxes was EUR 54.7 ( Q1 - Q3 / 2020 22.7 ) million . - Cash flow from business operations was EUR 50.1 ( 15.6 ) million . ― Earnings per share were EUR 1.40 ( 0.52 ) . - Equity ratio was 61.8 ( 47.5 ) per cent . - Order books stood at EUR 402.3 ( 178.5 ) million . - – Profit guidance , updated on 13 October 2021 : Group's euro - denominated operating result in 2021 is estimated to be significantly higher than in 2020. Earlier result guidance estimated that Group's euro- denominated operating result in 2021 would be slightly higher than in 2020 . PRESIDENT AND CEO JUHO NUMMELA : Demand for PONSSE forest machines remained excellent during the third quarter . The good work situation of our customers was reflected positively in all our business areas , and strong growth continued . Ponsse's order flow during the third quarter totalled EUR 219.5 million , increasing our order books to a record - high level of EUR 402.3 million . While the availability of components remained very challenging , we were ultimately able to manufacture all PONSSE forest machines in our production programme . The quarter was an excellent success in terms of growth , profitability and cash flows . Currently , Russia , Northern Europe and the Americas are showing the highest demand . In practice , all our market areas are growing well . Our maintenance services continued their very strong growth , and demand for trade - in machines has been high . Our cash flow was very strong during the third quarter . The availability of parts and components continues to be a challenge due to high demand for machine and equipment manufacturing . The availability of components decreased during the quarter , with the largest challenges being associated with products in the semiconductor industry and the availability of hydraulic components . The imbalance between demand and supply has an impact not only through lower availability , but also through rising costs . What makes this challenging for Ponsse is that these increased costs cannot be wholly transferred directly to our customers . This is affected by the far- reaching order books in our production , the pricing of already agreed machine deals and our Ponsse Oyj . Fl - 74200 Vieremä , Finland , Phone +358 20 768 800 Business ID : 0934209-0 , Registered Office , Vieremä , Finland A logger's best friend www.ponsse.com