Ponsse Oyj

Earnings Release • Aug 9, 2024

Disclosure 449267

Ponsse Oyj - Inside information

Insider information, profit warning: Ponsse lowers its guidance for 2024

Ponsse Plc, insider information, 9 August 2024 at 10:10am Insider information, profit warning: Ponsse lowers its guidance for 2024 Ponsse lowers its guidance for 2024. The company's euro-denominated operating profit in 2024 is expected to be significantly lower than in 2023 (EUR 47.2 million). New guidance for 2024 The company's euro-denominated operating profit in 2024 is expected to be significantly lower than the operating profit of continuing operations in 2023 (EUR 47.2 million). Grounds for the new guidance The company's operating profit (EBIT) is affected by Ponsse Latin America Ltda, Ponsse's subsidiary in Brazil, significantly weaker-than-expected profitability. Previously published guidance for 2024 When insider information was previously published on 19 April 2024, Ponsse estimated its financial outlook as follows: “The company's euro-denominated operating profit in 2024 is expected to be slightly lower than in 2023 (EUR 47.2 million).” Publication of Ponsse's H1 mid-year report Ponsse will publish its H1 mid-year report on 13 August 2024. Vieremä, 9 August 2024 PONSSE PLC Juho Nummela President and CEO FURTHER INFORMATION Juho Nummela, President and CEO, tel. +358 400 495 690 DISTRIBUTION Nasdaq 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.