The crisis in Ukraine has a significant impact on Ponsse’s operations and finances, company said in its 1Q 2022 report. All export operations for machines and spare parts to Russia and Belarus were suspended following the company’s announcement on 2 March 2022. Ponsse has also discontinued temporarily the operations of the Russian subsidiary. Russia has been the world’s largest market for CTL machines, accounting for 20 per cent of Ponsse’s net sales in the previous financial year. Russian subsidiary OOO Ponsse has been the largest business branch of ...
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