PONSSE UPGRADES ITS OUTLOOK FOR 2017 EURO-DENOMINA

Vieremä, Finland, 2017-10-09 11:11 CEST (GLOBE NEWSWIRE) -- PONSSE PLC, STOCK EXCHANGE RELEASE, 9 OCTOBER 2017 PONSSE UPGRADES ITS OUTLOOK FOR 2017 EURO-DENOMINATED OPERATING PROFIT DEVELOPMENT Due to good first half-year and very strong third quarter Ponsse Group´s euro-denominated operating profit is expected to be slightly higher in 2017 than in 2016. The previous guidance stated the Group's euro-denominated operating profit to be at the same level in 2017 as it was in 2016. Ponsse's strongly updated and competitive product range and new service solutions have had a significant impact on the company's growth. The market situation has continued to be particularly positive and the demand for PONSSE forest machines has been better than expected towards the end of the year. The Russian market in particular is extremely brisk. The market situation in United States, in the Nordic countries and in Germany and France in Central Europe is also good. Vieremä, 9 October 2017 PONSSE PLC Juho Nummela President and CEO FURTHER INFORMATION Juho Nummela, President and CEO, tel. +358 400 495 690 Petri Härkönen, CFO, tel. +358 50 409 8362 DISTRIBUTION NASDAQ OMX Helsinki Ltd Principal media www.ponsse.com Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs. The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it 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.