Ponsse’s financial statement for last year showed: – Order intake rose by 49% to €361.2 million. – Consolidated turnover rose by 30% to €310.1 million. – Consolidated operating profit rose by 25% to €37.1 million. Arto Tiitinen, President and CEO: “We are especially pleased by the fact that the order intake rose by 49% from the previous year. Our order books at the end of 2007 were valued the highest in our history. Our operating concept proved that it works. We grew faster than the industry in general. Our turnover exceeded €300 million, showing an increase of 30%. Our international operations made up over 70% of the turnover. Our cash flow improved with the development actions carried out during the year.”

“Our businesses developed as planned in 2007. We reached the targets set for our key market areas. In North America the market situation was challenging throughout the year; the market is estimated to recover during 2009. Last autumn we received the first major orders from South America. The development outlook in the area looks good. “The outlook for growth in timber products is good in Asia. Our company in Beihai, China, was opened in November after we had signed the first machine delivery agreements for the area.” “Our maintenance service business grew by 34% from the previous year. Such favourable development is attributable to our increased machine stock, new maintenance service products, growing number of maintenance service agreements and the expansion of our maintenance network.” “Ponsse’s outlook for 2008 is positive. The demand for timber products is increasing, which is attributable to a rise in the standard of living and to urbanisation. The area of fast-growing planted forests will increase in the near future. The rise in timber customs duties in Russia will increase the demand for domestic roundwood and accelerate investments taking place in Russia. In addition, the share of the cut-to-length method of total harvesting volumes will increase”.