Here is the company report on Ponsse from Aapeli after Q2 
Ponsse’s Q2 report met our expectations quite well in terms of the headline figures, but the result was supported by the reversal of a provision related to the ended service contract in Brazil. Market comments were more cautious than earlier in the year, but the company still reiterated its guidance pointing to stable results. After the first half of the year, the company has some catching up to do, and in our view, achieving the guidance will require successful sales as well as tighter cost control. Despite the risks, we expect the company to achieve its guidance. As the uncertain market situation continues, we have lowered our forecasts for the coming years, reflecting which we are adjusting our target price to 23.0 euros (previously €24.0). Relative to the overall picture, we believe the stock is fully priced, and we reiterate our reduce rating.