Ponsse (PON1V) Q3 2026 earnings summary

Executive summary

• Q3 order intake rose 18.8% YoY to €170.4M, while sales fell 7.4% to €159.8M and operating profit declined 38.6% to €5.9M.

• 9M sales were €513.7M and operating profit €18.4M; reported profit included a €3.5M US customs refund, while profitability excluding it remained very weak.

• FY26 operating profit guidance remained at the 2025 level of €41.6M; market uncertainty and cautious customer investment continued.

Financial highlights

• Q3 net sales €159.8M vs €172.7M; operating profit €5.9M vs €9.6M; operating margin 3.7% vs 5.6%; EPS €0.16 vs €0.27.

• 9M net sales €513.7M vs €530.4M; operating profit €18.4M vs €30.2M; operating margin 3.6% vs 5.7%.

• 9M net result €16.4M vs €23.7M; result before taxes €18.7M vs €29.1M; EPS €0.59 vs €0.85.

• 9M order intake increased 7.5% to €542.8M; period-end order books rose 4.5% to €170.5M, extending partly into 2027.

• Operating cash flow was -€1.3M for 9M vs €4.4M; Q3 cash flow was -€20.4M vs -€0.2M.

Outlook and guidance

• FY26 euro-denominated operating profit forecast remained on par with FY25 operating profit of €41.6M.

• Good invoicing potential was expected for the remainder of 2026, based on assumptions for invoicing, production and costs; factory capacity to be adjusted to market conditions.

• Sales focus is to strengthen 2027 order books and promote secondhand machine sales; investments continue in customer relationships, service, product development and digital solutions.