Ponsse discontinues all operations in Russia and withdraws its profit guidance
Ponsse Plc has decided today to discontinue temporarily all export operations to Russia and Belarus for both PONSSE forest machines and their spare parts. Also the Ponsse Group's Russian subsidiary OOO Ponsse is discontinues temporarily its local spare parts and service operations. Sales in Russia and Belarus account for about 20 percent of the company's net sales calculated from the 2021 financial statements. At the same time, Ponsse Plc withdraws its profit guidance for the current year. The new profit quidance is linked to the uncertainties caused by Russia's invasion of Ukraine and