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Ponsse to change segment reporting

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Ponsse Plc
Other information disclosed according to the rules of the Exchange
June 11, 2024, AT 13.55 PM

Ponsse has updated its global operating model, with the new model having entered into force on 1 June 2024. A shift to a global organisational structure and reporting guidelines is a key part of the new operating model. The new operating model enables a customer-driven organisation focused on sales and maintenance services, divided into five market areas. From 1 June 2024, the company’s market areas are: 1) Nordic countries and the Baltics; 2) Europe; 3) North America; 4) South America; and 5) Asia, Australia and Africa.

As a result of the update, Ponsse Group will also change its segment division. From now on, Ponsse’s operating segments will be based on the market areas, and they have been defined in accordance with reporting, which is monitored by the company’s highest operational decision-making body. The change in the reporting structure will have an impact on Ponsse’s financial reporting from the second quarter of 2024.

The tables below present Ponsse Group’s segment information for 2023 in accordance with the previous and new operating segments. The figures are unaudited.

PREVIOUSLY REPORTED OPERATING SEGMENTS FOR 2023
1–12/2023 Northern Europe Central Europe and Southern Europe North and South America Other countries Total
Segment net sales 549,224 183,087 255,780 25,145 1,013,236
Segment earnings -184,587 -2,820 -3,680 -349 -191,436
NET SALES FROM EXTERNAL CUSTOMERS 364,636 180,268 252,100 24,796 821,800
Segment operating profit 9,170 23,943 10,649 4,546 48,308
Unallocated items -1,154
OPERATING PROFIT 9,170 23,943 10,649 4,546 47,153
DEPRECIATION AND AMORTISATION 26,512 943 3,701 181 31,337
OPERATING SEGMENTS FOLLOWING THE NEW SEGMENT DIVISION FOR 2023
1–12/2023 Nordic countries and the Baltics Central Europe and Southern Europe North America South America    Asia,
 Australia and Africa		 Total
Segment net sales 549,224 183,087 126,770 129,010 25,145 1,013,236
Segment earnings -184,587 -2,820 -2,298 -1,382 -349 -191,436
NET SALES FROM EXTERNAL CUSTOMERS 364,636 180,268 124,472 127,628 24,796 821,800
Segment operating profit 9,170 23,943 18,618 -7,969 4,546 48,308
Unallocated items -1,154
OPERATING PROFIT 9,170 23,943 18,618 -7,969 4,546 47,153
DEPRECIATION AND AMORTISATION 26,512 943 889 2,812 181 31,337

Vieremä, 11 June 2024

PONSSE PLC

Juho Nummela
President and CEO


FURTHER INFORMATION
Juho Nummela, President and CEO, +358 400 495 690
Petri Härkönen, CFO, tel. +358 50 409 8362



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 OMX Nordic List.

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