Ponsse Oyj - Inside information

Insider information, profit warning: Ponsse cuts its guidance for 2024 and announces preliminary information on the turnover and profitability of the first quarter of 2024

Ponsse Plc, Insider Information, 19 April 2024 at 12:15 p.m

Ponsse cuts its guidance for 2024. The company's operating profit in euros is
estimated to be slightly weaker than in 2023 (47.2 euros).

The turnover and operating profit (EBIT) of the first quarter are expected to be
significantly lower than the comparison period.

New guidance for 2024
The company's operating profit in euros is estimated to be slightly weaker in
2024 than in 2023 (47.2 euros).

Reasons for the new guidelines and preliminary information on the turnover and
profitability of the first quarter of 2024
Demand for forest machines continued low during the first quarter of the year.
In addition, industrial actions in Finland lowed the net sales. Due to the poor
development of turnover and the profitability of Ponsse's subsidiary, Ponsse
Latin America Ltda, having fallen clearly short of expectations, the operating
result (EBIT) for the first quarter is expected to decrease significantly from
the comparative period.

Due to the weak first quarter, Ponsse changes the guidance for 2024 released on
20 February 2024.

The previously published profit guidance for 2024
In the financial statement for 2023, published on February 20, 2024, Ponsse has
assessed the profit outlook for 2024 as follows: “The company's euro-denominated
operating profit in 2024 is expected to be on par with the operating profit in
2023 (EUR 47.2 million).”

Publishing of Ponsse's Q1 interim report
The company will publish its interim report for January-March 2024 on Tuesday 23
April 2024.

Vieremä, 19 April 2024

PONSSE PLC

Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, +358 400 495 690

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com

Ponsse Plc specialises in the sale, production, maintenance and technology of
cut-to-length method forest machines, and is driven by a genuine interest in its
customers and their business operations. Ponsse develops and manufactures
sustainable and innovative harvesting solutions based on customer
needs.
The company was established by forest machine entrepreneur Einari Vidgrén in
1970, and has been a leader in timber harvesting solutions based on the cut-to
-length method ever since. Ponsse is headquartered in Vieremä, Finland. The
company's shares are quoted on the Nasdaq Nordic List. This year, Ponsse
celebrates its 50th anniversary.