Raute Oyj

Raute Corporation's Shareholders' Nomination Board has proposed that the Board of Directors for the 2025 Annual General Meeting consist of seven members, with Laura Raitio and Joni Bask continuing as Chair and Vice Chair, respectively. Ari Harmaala, Mikko Kettunen, Julius Manni, Ari Piik, and Jenni Virnes are proposed to be re-elected as board members. The Nomination Board also suggests revising the board members' remuneration and introducing a meeting fee for the Nomination Board. The proposals will be included in the notice for the Annual General Meeting. Raute Corporation specializes in technologies and services for the wood industry, with operations in Finland, Canada, China, and the USA. In 2023, Raute reported net sales of EUR 145.4 million and employed 754 people.

Raute Corporation announced that charges against Laura Raitio, a member of its Board of Directors, related to suspected securities markets offences in a matter concerning Ramirent Oyj, have been dropped by the public prosecutor. This issue was unrelated to Raute Corporation and did not impact the Board's work. Raute is a leading company in the wood industry, specializing in technologies and services for engineered wood products. The company is headquartered in Lahti, Finland, with additional production facilities in Finland, Canada, China, and the USA. In 2023, Raute's net sales were EUR 145.4 million, and it employed 754 people.

Raute Corporation announced its financial calendar for 2025, stating that it will release its financial statements, board of directors report including a sustainability statement, corporate governance statement, remuneration report, and the 2024 annual report during week 12. The Annual General Meeting is scheduled to be held in Lahti on April 15, 2025, with the Board of Directors to convene the meeting later. Raute, a leader in the plywood and LVL industries, specializes in technologies and services for the wood industry, with its main office in Lahti, Finland, and other production sites in Finland, Canada, China, and the USA. In 2023, Raute's net sales were EUR 145.4 million, and it had 754 employees. More information is available on their website.

Raute Corporation reported strong profitability in the third quarter of 2024, with net sales increasing by 36.2% to EUR 46.4 million and a record comparable EBITDA of EUR 6.3 million, achieving a margin of 13.5%. Despite a challenging market environment and modest order intake, the company maintained a solid order book, nearly at last year's level. The Services business performed well, while Wood Processing and Analyzers faced difficulties. Raute adjusted its guidance for 2024, expecting net sales between EUR 190–210 million and comparable EBITDA between EUR 17–21 million, due to a strong order backlog and better-than-anticipated project deliveries. The global demand for Raute's end-user products remained low due to a downturn in the construction markets, impacting softwood plywood demand. However, demand for hardwood plywood and LVL remained stable, with niche markets strengthening birch plywood demand. Raute's growth strategy focuses on enhancing operational efficiency, project delivery, and digitalization to capture future opportunities. A briefing for analysts, investors, and media is scheduled for October 31, 2024. Raute is a leader in plywood and LVL industries, with a global presence and a focus on innovative solutions for the wood industry.

Raute Corporation will release its Q3 2024 interim report for the period of January 1 to September 30 on October 31, 2024, at around 9:00 a.m. EEST. A result briefing for analysts, investors, and media will be held on the same day from 2:00 to 3:00 p.m. EEST at the Scandic Simonkenttä Hotel in Helsinki and can also be accessed online via Teams. Interested participants should register by October 29, 2024. The briefing will feature Raute's President and CEO Mika Saariaho and CFO Ville Halttunen, and will cover the Q3 2024 results and the outlook for the year. A recording of the briefing will be available on Raute's website by November 4, 2024. Raute, a leader in the plywood and LVL industries, focuses on innovative solutions for the wood industry, with its main office in Lahti, Finland, and other facilities in Finland, Canada, China, and the USA. In 2023, Raute's net sales were EUR 145.4 million, with a workforce of 754. More information is available at www.raute.com.