THE YEAR 2007 AND THE OUTLOOK FOR 2008 IN BRIEF
PONSSE OYJ STOCK EXCHANGE RELEASE 15 FEB 2008, 13:30
THE YEAR 2007 AND THE OUTLOOK FOR 2008 IN BRIEF
- Order intake rose by 49 per cent, being EUR 361.2 (242.9) million.
- Consolidated turnover rose by 30 per cent to EUR 310.1 (238.6) million.
- Consolidated operating profit rose by 25 per cent to EUR 37.1 (29.6) million.
Operating profit accounted for 12.0 (12.4) per cent of turnover.
- Profit before tax was EUR 36.4 (28.5) million.
- Earnings per share were EUR 0.95 (0.75).
- The Company expects that in 2008 it will strengthen its market position and
its turnover and business result will continue to grow.
- Ponsse Oyj's Board of Directors proposes that a dividend of EUR 0.50 per
share (0.40) be paid.
FINAL QUARTER OF THE YEAR 2007 IN BRIEF
- Order intake totalled EUR 125.5 (90.9) million.
- Turnover was EUR 96.1 (82.7) million.
- Operating profit was EUR 13.1 (10.2) million and accounted for 13.7 (12.4)
per cent of turnover.
KEY FIGURES
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| | | IFRS | IFRS | IFRS | IFRS |
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| | | 10-12/07 | 10-12/06 | 1-12/07 | 1-12/06 |
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| Order intake M€ | 125.5 | 90.9 | 361.2 | 242.9 |
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| Order stock M€ | | 110.1 | 59.2 | 110.1 | 59.2 |
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| Turnover M€ | | 96.1 | 82.7 | 310.1 | 238.6 |
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| Operating profit M€ | 13.1 | 10.2 | 37.1 | 29.6 |
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| Operating profit % | | 13.7 | 12.4 | 12.0 | 12.4 |
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| Cash flow from business | 4.5 | 11.1 | 19.0 | 6.8 |
| operations M€ | | | | |
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| Profit for the accounting period | 9.2 | 8.4 | 26.5 | 21.0 |
| M€ | | | | |
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| Interest-bearing net liabilities | 19.5 | 21.9 | 19.5 | 21.9 |
| M€ | | | | |
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| Equity ratio, % | | 50.3 | 49.1 | 50.3 | 49.1 |
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ARTO TIITINEN, PRESIDENT AND CEO:
”We are especially pleased by the fact that the order intake rose by 49 per cent
from the previous year. Our order books at the end of 2007 were valued the
highest in our history. Our operating concept proved that it works.”
”We grew faster than the industry in general. Our turnover exceeded EUR 300
million, showing an increase of 30 per cent. Our international operations made
up over 70 per cent of the turnover. Our cash flow improved with the development
actions carried out during the year.”
”Our businesses developed as planned in 2007. We reached the targets set for our
key market areas. In North America the market situation was challenging
throughout the year, the market is estimated to recover during 2009. Last autumn
we received the first major orders from South America. The development outlook
in the area is good.”
”The outlook for growth in timber products is good in Asia. Our company in
Beihai, China, was opened in November after we had signed the first machine
delivery agreements for the area.”
“Our maintenance service business grew by 34 per cent from the previous year.
Such favourable development is attributable to our increased machine stock, new
maintenance service products, growing number of maintenance service agreements
and the expansion of our maintenance network.”
”Ponsse's outlook for 2008 is positive. The demand for timber products is
increasing, which is attributable to a rise in the standard of living and to
urbanisation. The area of fast-growing planted forests will increase in the near
future. The rise in timber customs duties in Russia will increase the demand for
domestic roundwood and accelerate investments taking place in Russia. In
addition, the proportion of the cut-to-length method of total harvesting volumes
will increase”.
The stock exchange release is available in full at the Company's website
www.ponsse.com. The Annual Report for 2007 will be published during week 15.
The above figures have been rounded and may therefore differ from those given in
the official financial statements.
Sender:
PONSSE OYJ
Arto Tiitinen
President and CEO
FURTHER INFORMATION
Arto Tiitinen, President and CEO, tel. +358 20 768 8621 or +358 400 566 875
Mikko Paananen, CFO, tel. +358 20 768 8648 or +358 400 817 036
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media
www.ponsse.com