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Slump in Ponsse’s profit due to absent Russia business

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Published in issue 9/2023
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The profit of the Finnish forest-machine manufacturer Ponsse Oyj of Vieremä slumped to €37.11m in 2022 from €55.07m in 2021 due to the absence of its Russia business since March 2022. The reduction had been expected when Ponsse halted its business activity in Russia and Belarus only a few days after the Russian inva...

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