Turnover at The Ponsse Showed a Sharp Year-on-Year Fall in The First Quarter of 2013

At €61.6m, turnover at the Finnish forestry-machinery manufacturer Ponsse showed a sharp year-on-year fall in turnover in the first quarter of 2013. This decline is mainly due to short-time working and related production cutbacks, which Ponsse had agreed with the work force in December 2012, on account of significantly declining order receipts in the second half of 2012. Only in mid-February 2013 did Ponsse resume production of harvesters and forwarders in two-shift operations. The year-on-year comparison for the first quarter must also be considered in the light of the relatively high turnover generated in the first quarter of 2012, which at that time had resulted from the catch-up effects deriving from the high order-book situation prevailing at the end of 2011.