Turnover also increased unexpectedly.

The company is returning its guidance and estimates that its operating profit will decline slightly this year.

In July – September, Ponsse's profit before taxes rose to EUR 15.7 million from EUR 15.0 million a year ago.

Analysts expected an average of EUR 8.6 million in the consensus forecast of the forecasting service Infront Data.

Net sales increased to EUR 155.0 million from EUR 148.3 million in the comparison period.

In the market, net sales were expected to fall to EUR 131 million.

The operating result improved in the third quarter to EUR 21.6 million from EUR 16.2 million in the previous year, with an expected EUR 9.2 million.

Earnings per share were EUR 0.42, compared to EUR 0.40 a year earlier.

The order backlog at the end of the review period was EUR 178.5 million, which was clearly less than a year earlier, when it was EUR 326.4 million.

Ponsse received new orders worth EUR 378.6 million, compared to EUR 508.5 million in the comparison period.

Ponsse will provide earnings guidance for the current year in place of the outlook it canceled in March.

The company now expects its euro-denominated operating profit to be slightly lower this year than last year.

In March, before the interest rate pandemic, the company estimates that operating profit this year will be at the same level as last year.