Ponsse

PONSSE (Finland) creates and sells technical means for logging.

The representative office of the company is Ponsse LLC in St. Petersburg.

Performance indicators

2021

Sales in Russia and Belarus accounted for approximately 20% of Ponsse's net revenue, according to the 2021 financial report. During this 12-month period, Ponsse raised 12.4 billion rubles with a net profit of 416 million rubles, which is a twofold increase compared to 2020.

History

2022: Sale of Russian business

At the end of June 2022, the Finnish manufacturer of harvesters and tractors Ponsse announced the sale of the Russian business to Bison. The value of the deal, which is scheduled to close in the third quarter of 2022, has not been announced.

According to Kommersant, Bison LLC is owned by Alexei Voronkevich, whose company Dormashimport has been responsible for the retail sale of Ponsse logging equipment in the eastern regions of Russia since 2007. The authorized capital of the company is 100 thousand rubles. The company was registered on May 23, 2022.

Finnish manufacturer of combines and tractors Ponsse sold Russian business

It is noted that the sale of the Russian subsidiary will not have a significant impact on the profit of the Finnish manufacturer.

Ponsse announced its intention to abandon its activities in Russia on June 15, 2022. Ponsse's export and service operations in Russia were suspended from March 2, 2022, when the company announced the suspension of all exports to Russia and Belarus.

We were looking for ways to solve the difficult situation with activities in Russia. We decided to abandon work in Russia and Belarus. It has become very difficult to work in Russia, and the sale of assets is the best option for our staff, customers and dealers. We will continue to restrict exports to Russia and Belarus in accordance with the economic sanctions and guidelines of our company, - said the President and CEO of the Ponsse Group Juho Nummela in mid-June 2022.[1]

Notes

Шаблон:Remarks