Pressmeddelanden, rapporter och bolagsmeddelande för Raute Oyj

Raute Corporation's half-year financial report for January 1 to June 30, 2024, highlights record quarterly net sales and strong profitability. Key figures for April-June 2024 include EUR 20 million in order intake, EUR 223 million in order book, EUR 57.1 million in net sales, and a comparable EBITDA of EUR 5.4 million. For January-June 2024, order intake was EUR 56 million, net sales were EUR 101.7 million, and comparable EBITDA was EUR 8.4 million. President and CEO Mika Saariaho noted solid progress in project deliveries and services, achieving all-time high net sales and good profitability. Despite a challenging market environment, the strong order book provides a buffer. The Wood Processing business and Services business performed well, with the Analyzers business returning to profit. Raute is well-positioned to continue its growth strategy, leveraging digitalization and sustainability opportunities. The business environment showed signs of stabilizing demand for wood products, though pricing pressures and economic uncertainties persist. Raute's customers are focusing on production efficiency and strategic investments. A notable highlight was a EUR 20 million order for veneer mill machinery from AmberBirch in Latvia. Raute updated its 2024 guidance, expecting net sales of EUR 185–210 million and comparable EBITDA of EUR 13–17 million, citing a strong order backlog and better-than-anticipated business progress. A briefing for analysts, investors, and media is scheduled for August 8, 2024, at 2:00 p.m. in Helsinki, Finland, with an online option available. The next interim report will be published on October 31, 2024. Raute's 2023 net sales were EUR 145.4 million, with a headcount of 754. More information is available on Raute's website.

Raute Corporation held its Annual General Meeting (AGM) on 4 April 2024, where it adopted the Financial Statements and approved the Remuneration Report and Policy for Governing Bodies. The AGM also discharged the Board of Directors and the CEO from liability for the 2023 financial year. A dividend of EUR 0.10 per share will be distributed for the financial year 2023, to be paid on 18 April 2024. The AGM decided to keep the Board of Directors at seven members and elected Laura Raitio as the Chair and Joni Bask as the Vice-Chair. PricewaterhouseCoopers was elected as the company's auditor and sustainability auditor. The AGM also authorized the Board to repurchase a maximum of 600,000 of Raute Corporation’s shares and to issue a maximum of 600,000 shares. The minutes of the AGM will be available on Raute Corporation's website by 18 April 2024.