Ponsse OYJ

PON1V

Equity

ISIN FI0009005078 / Valor 352495

NASDAQ Helsinki Ltd, Equities (2024-09-18)

EUR 22.60+8.65%

Ponsse OYJ
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About company

Ponsse OYJ is a Finnish company that manufactures and sells forestry machinery and equipment.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Sales

Ponsse OYJ's net sales for the first half of 2024 amounted to EUR 357.7 million, a decrease of 12.7% compared to the same period in 2023, which was EUR 409.8 million. The decline in net sales was influenced by lower delivery volumes of forest machines and a challenging market situation for used machines.

Operating Profit

For the first half of 2024, Ponsse OYJ reported an operating profit of EUR 0.6 million, significantly lower than the EUR 26.8 million recorded in the same period of the previous year. The operating profit was impacted by an expense of EUR 18.6 million related to the Brazilian Full Service contract.

Net Result

Ponsse OYJ's net result for the first half of 2024 was a loss of EUR 11.7 million, compared to a profit of EUR 21.8 million in the same period of 2023. This decline in net result reflects the challenging market conditions and the expenses associated with the Brazilian Full Service contract.

Order Books

At the end of the first half of 2024, Ponsse OYJ's order books stood at EUR 210.4 million, down from EUR 294.2 million at the end of the same period in 2023. Despite the challenging market conditions, the company's order book has remained relatively stable throughout the first half of the year.

Cash Flow

Ponsse OYJ reported a positive cash flow from business operations amounting to EUR 25.4 million for the first half of 2024, a significant improvement from EUR 0.1 million in the same period of the previous year. The improvement in cash flow is attributed to better working capital management, although some capital remains tied up in inventories.

Summarized from source with an LLMView Source

Key figures

-14.4%1Y

-44.8%3Y

-20.1%5Y

Performance

26.8%1Y

35.3%3Y

33.7%5Y

Volatility