Ponsse takes big hit from conflict

Wednesday 4 May 2022

 
As with many aspects of trade and commerce, it takes a disruption to remind most of us how interconnected everything is. Here is another example of how the Russia-Ukraine war has affected international forest machine manufacturer Ponsse.

Due to war in Ukraine, Ponsse removes orders from Russia for Euro 109 million from order book Russia has been the world’s largest market for CTL machines, accounting for 20% of Ponsse’s net sales in 2021. Its Russian subsidiary OOO Ponsse has been the largest business branch of the Ponsse Group.

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