{"id":82251,"date":"2022-04-29T07:43:53","date_gmt":"2022-04-29T07:43:53","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/ponsse-removes-russian-orders-euro-109-million-order-book\/"},"modified":"2025-09-19T08:57:28","modified_gmt":"2025-09-19T08:57:28","slug":"ponsse-removes-russian-orders-euro-109-million-order-book","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/ponsse-removes-russian-orders-euro-109-million-order-book\/","title":{"rendered":"Ponsse removes Russian orders for Euro 109 million from order book"},"content":{"rendered":"
\n

The crisis in Ukraine has a significant impact on\u00a0Ponsse\u2019s operations and finances, company said in its 1Q 2022 report. All export operations for machines and spare parts to Russia and Belarus were suspended following the company\u2019s announcement on 2 March 2022. Ponsse has also discontinued temporarily the operations of the Russian subsidiary.<\/p>\n

Russia has been the world\u2019s largest market for CTL machines, accounting for 20 per cent of Ponsse\u2019s net sales in the previous financial year. Russian subsidiary OOO Ponsse has been the largest business branch of the Ponsse Group. It will be challenging to offset the business of such scale, the company said.<\/p>\n

Ponsse\u2019s products subject to export sanctions include forwarders and related maintenance, training, spare parts and digital services. Ponsse has approximately 3,000 forest machines in the scope of maintenance services in Russia, the life cycle services for which include various local contracts and obligations. The company is monitoring the situation and seeking responsibly for solutions to contractual obligations.<\/p>\n

According to Ponsse, the war in Ukraine is still severely hampering the availability of parts and components. There is a shortage of semiconductors, castings, hydraulic components and transmission components in particular. The European steel market is also in a difficult situation. Component availability issues combined with challenges related to raw materials and energy have elevated inflation to extraordinarily high levels. This will affect Ponsse\u2019s profitability in the coming quarters. The company was forced to raise prices for its products, however, with no immediate effect because its long order books. The machines that will be completed in the next few months have been sold to our customers almost a year ago, when the product costs were clearly more moderate.<\/p>\n

The difficult situation with the availability of parts and inflation were clearly reflected in the company's profitability in the last quarter. The company's operating profit decreased significantly and its relative profitability accounted for 7.2 (10.3) per cent. In addition, profitability was hampered by growth in operating expenses that increased faster than revenue. Cash flow amounted to EUR -24.2 (14.8) million. The capital was temporarily tied up in inventory of machines not delivered to Russia, unfinished products awaiting components and stock of raw materials. The inventory turnover and level of trade-in machines remained good. The company\u2019s solvency is at a very good level.<\/p>\n

Consolidated net sales for the period under review amounted to EUR 173.7 (163.4) million, which is 6.3 per cent more than in the comparison period. International business operations accounted for 76.9 (73.5) per cent of net sales.<\/p>\n

Net sales were regionally distributed as follows: Northern Europe 38.5 (41.5) per cent, Central and Southern Europe 21.0 (20.9) per cent, Russia and Asia 12.6 (15.0) per cent, North and South America 27.2 (22.2) per cent and other countries 0.7 (0.4) per cent.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The crisis in Ukraine has a significant impact on\u00a0Ponsse\u2019s operations and finances, company said in its 1Q 2022 report. All export operations for machines and spare parts to Russia and Belarus were suspended following the company\u2019s announcement on 2 March … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":95941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3273,4473,4607],"class_list":["post-82251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-forestry","tag-forestry-machinery","tag-ponsse","topic-forestry","topic-woodworking-machinery","area-europe","area-russia"],"acf":[],"yoast_head":"\nPonsse removes Russian orders for Euro 109 million from order book - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/ponsse-removes-russian-orders-euro-109-million-order-book\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ponsse removes Russian orders for Euro 109 million from order book - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"The crisis in Ukraine has a significant impact on\u00a0Ponsse\u2019s operations and finances, company said in its 1Q 2022 report. 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