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Raute veneer patching line.

Raute

Plywood and LVL manufacturing solutions

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Overview

Raute offers production lines, machinery and services for the entire production process of veneer and veneer-based products, which include plywood and laminated veneer lumber (LVL). The company’s strategy is premised on a complementary offering of veneer production technology and services. Raute has differentiated itself through technological leadership and the ability to supply complete plywood and LVL production processes. Raute delivers most of its equipment in a tailored project-driven fashion to a global customer base consisting of hundreds of plywood and LVL mills. Raute has its main production plant in Lahti, Finland, however the company also operates a global sales and services network. Raute is a global leader in its niche market.
Raute is the most technologically sophisticated vendor and a market leader within its niche. In our view this set-up will not change as current competition lags quite far behind and larger capital goods companies are unlikely to enter the relatively small market. Predicting Raute's project delivery flow is not easy and a single large project can make up a significant portion of a given calendar year's activity. Services growth might help to smooth financial performance, however project deliveries will always remain crucially important for Raute's success.

Financial overview

Equity research

Raute veneer patching line.
Raute logo
Raute - Earnings stay high, multiples low

Raute has already achieved high results, and they could be even higher in a more favorable market environment.

Company update |
Raute veneer patching line.
Raute logo
Raute - High orders and stable guidance

Raute’s Q4 margins were a bit lower than we estimated even if top line was higher than we expected. The EUR 50m order intake was clearly higher than we expected and was a strong result as the figure didn’t include any larger orders. The prospects for a sustained market recovery seem still somewhat unclear, however Raute guides quite stable results for FY’25 at this point.

Earnings Flash |
Raute veneer patching line.
Raute logo
Raute - Earnings to remain quite stable

Raute reports Q4 results on Feb 13. FY’24 already showed strong results, while low valuation limits downside potential.

Preview |
Raute veneer patching line.
Raute logo
Raute - High earnings valued low

Raute’s Q3 earnings were already very strong, and although new order softness persists valuation also remains very low.

Company update |
Raute veneer patching line.
Raute logo
Raute - Very high 13.5% EBITDA margin

Raute’s EUR 46.4m Q3 revenue was soft relative to our estimate, yet the EUR 6.3m comparable EBITDA clearly topped our EUR 5.0m estimate and led already to a very high margin of 13.5%. Raute may not be able to improve much from such an earnings level in the short-term since the market remains challenging, as evidenced by the low EUR 15m new order intake in Q3. In our view smaller equipment orders nevertheless have room to gain next year as their demand has been weak for a while now. 

Earnings Flash |
Raute veneer patching line.
Raute logo
Raute - Nearing double-digit EBITDA margins

Raute reports Q3 results on Oct 31. The company upgraded guidance as in our view especially Wood Processing margins have developed better than was previously expected.

Preview |
Raute veneer patching line.
Raute logo
Raute - Strong results, more potential left

Raute’s Q2 figures were mostly impressive even if smaller order flow remains one source of uncertainty.

Company update |
Raute veneer patching line.
Raute logo
Raute - Order book drove strong results

Raute’s Q2 revenue and earnings were a lot higher than we estimated as performance improved thanks to the large orders received last year. Other than the impressive order book the market remains quite challenging, as reflected by the low EUR 20m Q2 order intake figure.

Earnings Flash |
Raute veneer patching line.
Raute logo
Raute - Orders translate into earnings

Raute reports Q2 results on Aug 8, after upgrading its FY ’24 guidance recently thanks to a very high order backlog.

Preview |
Raute veneer patching line.
Raute logo
Raute - Earnings on a solid upward trend
Raute’s Q1 showed how Wood Processing is to return to black after a string of challenging years. Services is to maintain its steady performance, while Analyzers remains at the core of Raute’s offering.
Company update |

Annual financials

Quarterly financials

Assets

Equity and liabilities

Cashflow

Environment

Social

Governance

Videos

Raute - LVL process video 07.10.2019
IR presentation |

Annual and sustainability reports

Company news

Raute Corporation, STOCK EXCHANGE RELEASE, 21 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 21.3.2025
In the Helsinki Stock Exchange
Trade date           21.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             330 Shares
Average price/ share    16,0000 EUR
Total cost            5 280,00 EUR
Raute Corporation now directly* holds a total of 23 959 shares
including the shares repurchased on 21.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 20 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 20.3.2025
In the Helsinki Stock Exchange
Trade date           20.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             500 Shares
Average price/ share    16,0000 EUR
Total cost            8 000,00 EUR
Raute Corporation now directly* holds a total of 23 629 shares
including the shares repurchased on 20.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 19 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 19.3.2025
In the Helsinki Stock Exchange
Trade date           19.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 000 Shares
Average price/ share    15,9311 EUR
Total cost            15 931,10 EUR
Raute Corporation now directly* holds a total of 23 129 shares
including the shares repurchased on 19.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 18 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 18.3.2025
In the Helsinki Stock Exchange
Trade date           18.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             500 Shares
Average price/ share    15,8730 EUR
Total cost            7 936,50 EUR
Raute Corporation now directly* holds a total of 22 129 shares
including the shares repurchased on 18.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.

Raute Corporation, Stock Exchange Release, 18 March 2025 at 8:00 a.m. EET

Raute's Financial Statements and Annual Report for 2024 have been published

Raute Corporation's Financial statements, Board of Directors' report (including sustainability statement), Corporate governance statement, Remuneration report and Annual report for 2024 have been published today. The reports are available both in English and in Finnish.

In accordance with European Single Electronic Format (ESEF) reporting requirements, Raute publishes the Financial Statements in XHTML format in Finnish. In line with the ESEF requirements, the primary financial statements and notes to the consolidated financial statements have been labelled with XBRL tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor's reasonable assurance report on Raute's ESEF consolidated financial statements in Finnish in accordance with ISAE 3000.

As part of the Board of Director's report, Raute also publishes its statutory Sustainability Statement, which is based on the new EU Corporate Sustainability Reporting Directive (CSRD). The audit firm PricewaterhouseCoopers Oy has assured the report at a limited assurance level.

The reports are attached to this release as pdf files and are also available on the company's website at www.raute.com > Investors > Financial information > Result Center.

FURTHER INFORMATION:
Ville Halttunen, CFO, tel. +358 50 3460868

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

 

RAUTE IN BRIEF - Making Wood Matter
Raute acts as a partner for a sustainable future for the wood products industry. Our technologies cover various production processes as well as supporting digital and analyzer solutions for industrially manufactured wood products. In addition, we offer comprehensive service concepts from spare parts to regular maintenance and production modernizations. Our innovative technologies, software and service concepts are designed to support the efficient use of natural resources in our customers' production. Raute is the only turnkey supplier in the world that offers mill-wide technology solutions for veneer, plywood and LVL production. Raute's head office and largest production plant is located in Lahti. Our other production facilities are located in Kajaani, Vancouver, Canada, Changzhou, China and Pullman, Washington State, USA. In 2024, Raute's net sales were EUR 204.6 million The Group's headcount at the end of 2024 was 783. More about Raute: www.raute.com.

 

 

RAUTE CORPORATION, NOTICE TO THE ANNUAL GENERAL MEETING, 18 MARCH 2025 AT 8:00 A.M. EET

Notice to the Annual General Meeting of Raute Corporation

Raute Corporation's shareholders are invited to attend the company's Annual General Meeting, which will be held on Tuesday, April 15, 2025, at 10:00 a.m. at Sibelius Hall, Ankkurikatu 7, Lahti, Finland. The reception of the registered participants will begin at 9:30 a.m.

Shareholders who have registered for the Annual General Meeting have the option to follow the Annual General Meeting online. It is not possible to ask questions, make counter-proposals, otherwise address the meeting or vote via the online stream. Following the meeting via the online stream is not considered participation in the Annual General Meeting or exercise of shareholder rights.

Shareholders have the opportunity to pose questions in advance concerning matters on the meeting's agenda.

More detailed instructions for shareholders can be found in this notice under section C. Instructions for those attending the Annual General Meeting.

A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING

At the Annual General Meeting, the following matters will be considered:

  1. Opening of the meeting
  2. Calling the meeting to order
  3. Election of persons to scrutinise the minutes and to supervise the counting of votes
  4. Recording the legality of the meeting
  5. Recording the attendance at the meeting and adoption of the list of votes
  6. Presentation of the Financial Statements, Consolidated Financial Statements, Board of Directors' Report, Auditor's Report and Assurance Report on the Sustainability Reporting for the financial year January 1−December 31, 2024
  • Presentation of the review by the President and CEO
  • Answers to questions posed in advance (to the extent possible)

The Financial Statements, the Board of Directors' Report, the Auditor's Report and the Assurance Report on the Sustainability Reporting are available on the company's website at https://www.raute.com/investors/governance/general-meetings/annual-general-meeting-2025/.

  1. Adoption of the Financial Statements and the Consolidated Financial Statements
  2. Resolution on the use of the profit shown on the balance sheet and the distribution of dividend

The Board of Directors proposes that a dividend of EUR 0.55 per share be distributed for the financial year January 1−December 31, 2024. The dividend shall be distributed to shareholders who, on the record date for dividend distribution, April 17, 2025, are registered in the shareholders' register of the company maintained by Euroclear Finland Oy. The Board of Directors proposes that the dividend be paid on April 28, 2025.

  1. Resolution on discharging the members of the Board of Directors and the President and CEO from liability for the financial year January 1−December 31, 2024
  2. Advisory resolution on the adoption of the Remuneration Report for Governing Bodies

The Board of Directors proposes the approval of the Remuneration Report for Governing Bodies. Pursuant to the Finnish Companies Act, the resolution of the Annual General Meeting is advisory.

The Remuneration Report for Governing Bodies is available on the company's website at https://www.raute.com/investors/governance/general-meetings/annual-general-meeting-2025/.

  1. Resolution on the remuneration of the members of the Board of Directors

The Shareholders' Nomination Board proposes that the remuneration of the members of the Board of Directors would be revised so that the Chair of the Board of Directors is paid EUR 55,000 and the other members of the Board of Directors EUR 27,000 per term of office. The Board of Directors proposes the following remuneration for committee work:

  • The meeting fee for committee work for the Chair of the Audit Committee is EUR 1,000 per meeting.
  • The meeting fee for the chair of other possible committees and committee members is EUR 500 per meeting.

Reimbursement of expenses shall be paid in accordance with the company's current travel policy.

  1. Resolution on the number of members on the Board of Directors

The Shareholders' Nomination Board proposes that the company's Board of Directors consists of seven (7) members.

  1. Election of the members of the Board of Directors

The Shareholders' Nomination Board proposes that Laura Raitio, Licentiate of Science (Technology), continues as the Chair of the Board of Directors and Joni Bask, M.Sc. (Tech.), be re-elected as the Vice-Chair of the Board of Directors. It is proposed that Ari Harmaala, Engineer (Construction Technology), Mikko Kettunen, M.Sc. (Econ.), Julius Manni, M.Sc. (Econ.), Ari Piik, B.Sc. (Econ.), and Jenni Virnes M.Sc. (Eng.), be re-elected as the other members of the Board of Directors.

With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the Annual General Meeting.

All candidates have given their consent to the positions.

The proposed members are presented on the company's website at https://www.raute.com/investors/governance/board-of-directors/.

  1. Resolution on the remuneration payable to the auditor

The Board of Directors proposes that the auditor's remuneration be paid on the basis of invoice as approved by the company.

  1. Election of the auditor

The Board of Directors proposes that the audit firm PricewaterhouseCoopers Oy be re-elected as the company's auditor with Authorised Public Accountant (KHT) Mikko Nieminen as the principal auditor.

  1. Resolution on the remuneration payable to the sustainability auditor

The Board of Directors proposes that the sustainability auditor's remuneration be paid on the basis of invoice as approved by the company.

  1. Election of the sustainability auditor

The Board of Directors proposes that Authorised Sustainability Audit Firm PricewaterhouseCoopers Oy be re-elected as the company's sustainability auditor with Authorised Sustainability Auditor (KRT) Mikko Nieminen as the principal sustainability auditor of the company.

  1. Authorising the Board of Directors to resolve on the acquisition of own shares

The Board of Directors proposes that the Annual General Meeting authorise the Board to resolve on the repurchase of a maximum of 600,000 of Raute Corporation's shares using assets from the company's non-restricted equity, which would lead to a decrease in the company's distributable funds.

The authorisation would entitle the Board to acquire the company's shares to be used for the development of the company's capital structure, as consideration for funding or carrying out any acquisitions or other arrangements, or to be otherwise disposed of or cancelled.

The purchase consideration paid for shares purchased by virtue of the authorisation shall be based on the price of the company's share in public trading such that the minimum price of acquired shares is the lowest market price quoted in public trading during the term of validity of the authorisation and, correspondingly, the maximum price is the highest market price quoted in public trading during the term of validity of the authorisation.

The authorisation includes the right to acquire shares in a directed manner, i.e. not in proportion to the holdings of the shareholders. A directed repurchase of the company's own shares can take place, for example, by acquiring shares in public trading on markets where, according to the regulations, the company is permitted to engage in the trade of its own shares. Repurchasing shares in public trading as mentioned above, or otherwise in a directed manner, requires that the company has a weighty financial reason to do so.

The Board of Directors is authorised to decide on other terms and conditions related to share repurchases.

This authorisation shall replace the authorisation granted by the Annual General Meeting of April 4, 2024, and is effective until the end of the next Annual General Meeting, or at the most for 18 months following the decision of the Annual General Meeting.

  1. Authorising the Board of Directors to resolve on a share issue and the issuance of special rights entitling to shares

The Board of Directors proposes that the Annual General Meeting authorise the Board to resolve on an issue of Raute Corporation's shares and the issuance of special rights entitling to shares referred to in chapter 10, section 1 of the Finnish Companies Act in one or several instalments. The Board of Directors is authorised to resolve on all conditions of the share issue or the issuance of special rights, including the recipients and the sum of possible consideration to be paid.

The Board of Directors may, by virtue of the authorisation, resolve to issue either new shares or treasury shares held by the company. The aggregate maximum number of shares that can be issued is 600,000 shares. Any shares to be issued based on special rights entitling to shares are included in the above-mentioned aggregate number of shares.

The Board of Directors proposes that the authorisation include the right to deviate from the shareholders' pre-emptive rights, provided that the company has a weighty financial reason to do so. A directed share issue may be without payment only if a weighty financial reason exists in terms of the company, while taking into account the interests of all the shareholders. The authorisation can be used, with the restrictions presented above, to fund or carry out acquisitions or other arrangements or for other purposes decided by the Board of Directors.

The authorisation is effective until the end of the next Annual General Meeting, or at the most for 18 months following the resolution of the Annual General Meeting.

  1. Amendment of the Charter of the Shareholders' Nomination Board

The Shareholders' Nomination Board proposes to the Annual General Meeting that a meeting fee of EUR 500 per meeting will be paid for the work of the Shareholders' Nomination Board. The proposal requires the amendment of the Charter of the Shareholders' Nomination Board so that the last paragraph of point 2 of the Charter is amended to read in its entirety as follows:

A meeting fee of EUR 500 per meeting will be paid for the work of the members of the Shareholders' Nomination Board. The travel expenses of the members (including the Chair of the Board of Directors serving as an expert) will be compensated in accordance with the Company's travel policy.

  1. Closing the meeting

B. DOCUMENTS OF THE ANNUAL GENERAL MEETING

The aforementioned proposals for resolution on the matters on the agenda of the Annual General Meeting, the Remuneration Report, this notice of the Annual General Meeting and the company's Financial Statements, the Board of Directors' Report, the Auditor's Report and the Assurance Report on the Sustainability Reporting are available on Raute's website at https://www.raute.com/investors/governance/general-meetings/annual-general-meeting-2025/. The proposals for resolution and other above-mentioned documents will also be available at the Annual General Meeting. The minutes of the Annual General Meeting will be available on the above-mentioned website by April 29, 2025, at the latest.

C. INSTRUCTIONS FOR THOSE ATTENDING THE ANNUAL GENERAL MEETING

1. The right to participate and registration

To be entitled to attend the Annual General Meeting, shareholders must be registered in the shareholders' register of the company maintained by Euroclear Finland Oy on April 3, 2025. A shareholder whose shares are registered in his or her personal Finnish book-entry account is registered in the shareholders' register of the company.

Registration for the Annual General Meeting will begin at 9:00 a.m. on March 19, 2025. A shareholder registered in the shareholders' register who wishes to participate in the Annual General Meeting must register for the meeting no later than by 4:00 p.m. on April 10, 2025. The registration must be received before the end of the registration period. Registration for the meeting can take place:

Online registration requires strong electronic identification by the shareholder or the shareholder's legal representative or proxy representative using Finnish, Swedish or Danish online banking credentials or a mobile certificate.

In connection with the registration, the shareholder is required to provide the requested personal information, such as the shareholder's name, date of birth or business ID, address, telephone number and email address as well as the name of a proxy representative or assistant, if any, and the date of birth of the proxy representative. The personal data disclosed to Raute Corporation or Innovatics Ltd by shareholders is only used in connection with the General Meeting and the processing of related necessary registrations.

Shareholders, or their representatives or proxy representatives, must be able to prove their identity and/or their right to represent a shareholder at the meeting venue if required.

Additional information on online registration is available by telephone during the registration period of the General Meeting by calling Innovatics Ltd at +358 10 2818 909 on business days between 9:00 a.m. and 12:00 noon and between 1:00 p.m. and 4:00 p.m.

2. Holders of nominee-registered shares

Holders of nominee-registered shares are entitled to participate in the Annual General Meeting by virtue of the shares based on which they would have the right to be registered in the shareholders' register maintained by Euroclear Finland Oy on the record date of the Annual General Meeting, April 3, 2025. In addition, participation requires that the shareholder is, by virtue of these shares, temporarily registered into the shareholders' register maintained by Euroclear Finland Oy no later than by 10:00 a.m. on April 10, 2025. For nominee-registered shares, this constitutes registration for the Annual General Meeting. Changes in shareholding that take place after the record date of the Annual General Meeting do not affect the right to participate in the meeting or the number of votes held by the shareholder.

Holders of nominee-registered shares are invited to request the necessary instructions concerning temporary registration into the shareholders' register, the issuing of proxy documents and voting instructions, and registration for the meeting well in advance from their custodian banks. The account manager of the custodian bank shall temporarily register the holder of nominee-registered shares who wishes to attend the Annual General Meeting into the shareholders' register of the company at the latest by the time specified above. Additional information is also available on the company's website at https://www.raute.com/investors/governance/general-meetings/annual-general-meeting-2025/.

Taking into account any voting instructions issued by a holder of nominee-registered shares at the meeting requires that the shareholder has duly registered for the Annual General Meeting and that the shareholder is present at the meeting either in person or by way of proxy representation.

3. Use of proxy representatives and proxy documents

Shareholders are entitled to participate in and exercise their rights as shareholders at the Annual General Meeting through proxy representatives. Proxy representatives must present a dated proxy document or otherwise be able to reliably show that they are entitled to act in this capacity on behalf of a shareholder. The form Proxy Document for a General Meeting is available on the company's website at https://www.raute.com/investors/governance/general-meetings/annual-general-meeting-2025/. If a shareholder is represented in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares in different securities accounts, notification of the shares based on which the proxies represent the shareholder must be given in connection with registration.

The proxy documents, if any, are requested to be delivered primarily as attachments in connection with online registration, or alternatively by post to the address Innovatics Ltd, Annual General Meeting / Raute Corporation, Ratamestarinkatu 13 A, 00520 Helsinki, Finland, or by email to agm@innovatics.fi before the end of the registration period. In addition to delivering the proxy documents, a shareholder or his or her representative shall register for the Annual General Meeting in the manner described above in this notice.

The right of representation can be proven by using the Suomi.fi e-Authorizations service available in the online registration service.

4. Following the Annual General Meeting via online stream.

Shareholders who have registered for the Annual General Meeting but are not attending the meeting in person have the opportunity to follow the meeting in real time via an online stream. The speeches of the Chair of the Board of Directors and the President and CEO, as well as presentation material related to the other matters to be considered at the meeting will be recorded. It is not possible to request to take the floor or vote via the online stream. A link to the online stream and detailed instructions for following the meeting will be sent via email before the meeting to shareholders who have registered for the meeting.

5. Other instructions and information

The meeting will be held in Finnish.

Shareholders have the opportunity to pose questions in advance concerning matters on the meeting's agenda. Questions should be sent via email to ir@raute.com no later than by 10:00 a.m. on April 8, 2025. Any questions posed in advance are not questions under the Finnish Companies Act, and posing such questions does not mean using the shareholder's right to request information under the Finnish Companies Act. The company will, to the extent possible, try to answer the questions posed in advance at the meeting.

Pursuant to chapter 5, section 25 of the Finnish Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the meeting.

On the date of this notice, March 18, 2025, the total number of shares in Raute Corporation is 6,122,679, representing an equal number of votes.

Lahti, March 18, 2025

RAUTE CORPORATION
Board of Directors

FURTHER INFORMATION:
Laura Raitio, Chair of the Board of Directors, tel. +358 50 386 0004

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

 

RAUTE IN BRIEF - Making Wood Matter
Raute acts as a partner for a sustainable future for the wood products industry. Our technologies cover various production processes as well as supporting digital and analyzer solutions for industrially manufactured wood products. In addition, we offer comprehensive service concepts from spare parts to regular maintenance and production modernizations. Our innovative technologies, software and service concepts are designed to support the efficient use of natural resources in our customers' production. Raute is the only turnkey supplier in the world that offers mill-wide technology solutions for veneer, plywood and LVL production. Raute's head office and largest production plant is located in Lahti. Our other production facilities are located in Kajaani, Vancouver, Canada, Changzhou, China and Pullman, Washington State, USA. In 2024, Raute's net sales were EUR 204.6 million The Group's headcount at the end of 2024 was 783. More about Raute: www.raute.com.

 

 

Raute Corporation, STOCK EXCHANGE RELEASE, 17 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 17.3.2025
In the Helsinki Stock Exchange
Trade date           17.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             500 Shares
Average price/ share    15,8000 EUR
Total cost            7 900,00 EUR
Raute Corporation now directly* holds a total of 21 629 shares
including the shares repurchased on 17.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 14 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 14.3.2025
In the Helsinki Stock Exchange
Trade date           14.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             500 Shares
Average price/ share    15,8650 EUR
Total cost            7 932,50 EUR
Raute Corporation now directly* holds a total of 21 129 shares
including the shares repurchased on 14.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 13 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 13.3.2025
In the Helsinki Stock Exchange
Trade date           13.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 000 Shares
Average price/ share    15,7314 EUR
Total cost            15 731,40 EUR
Raute Corporation now directly* holds a total of 20 629 shares
including the shares repurchased on 13.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 12 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 12.3.2025
In the Helsinki Stock Exchange
Trade date           12.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             500 Shares
Average price/ share    15,8500 EUR
Total cost            7 925,00 EUR
Raute Corporation now directly* holds a total of 19 629 shares
including the shares repurchased on 12.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 11 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 11.3.2025
In the Helsinki Stock Exchange
Trade date           11.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 000 Shares
Average price/ share    15,8250 EUR
Total cost            15 825,00 EUR
Raute Corporation now directly* holds a total of 19 129 shares
including the shares repurchased on 11.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 10 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 10.3.2025
In the Helsinki Stock Exchange
Trade date           10.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 000 Shares
Average price/ share    15,5475 EUR
Total cost            15 547,50 EUR
Raute Corporation now directly* holds a total of 18 129 shares
including the shares repurchased on 10.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 7 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 7.3.2025
In the Helsinki Stock Exchange
Trade date           7.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 500 Shares
Average price/ share    15,3989 EUR
Total cost            23 098,35 EUR
Raute Corporation now directly* holds a total of 17 129 shares
including the shares repurchased on 7.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 6 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 6.3.2025
In the Helsinki Stock Exchange
Trade date           6.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 500 Shares
Average price/ share    15,5751 EUR
Total cost            23 362,65 EUR
Raute Corporation now directly* holds a total of 15 629 shares
including the shares repurchased on 6.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Raute Corporation, STOCK EXCHANGE RELEASE, 5 March 2025 at 6.30 PM (EET)
Raute Corporation: SHARE REPURCHASE 5.3.2025
In the Helsinki Stock Exchange
Trade date           5.3.2025
Bourse trade         Buy
Share                  RAUTE
Amount             1 200 Shares
Average price/ share    15,5000 EUR
Total cost            18 600,00 EUR
Raute Corporation now directly* holds a total of 14 129 shares
including the shares repurchased on 5.3.2025
The share buybacks are executed in compliance with Regulation 
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.
On behalf of Raute Corporation
Nordea Bank Oyj
Janne Sarvikivi           Sami Huttunen
For further information, please contact:
Mika Saariaho, President and CEO
tel. +358 40 154 9393
www.raute.com
*EAI Raute Holding Oy owns 72 031 shares. Evli Alexander Incentives 
has ownership and holds voting rights in EAI Raute Holding Oy. 
However, based on the agreement, Raute exercises actual 
decision-making power in the arrangement and acts as the principal, 
while EAI acts in the role of an agent through the holding company. 
Based on this control arising from the contractual features, 
the holding company is combined to the consolidated financial 
statements as a structured community.
Shareholders Date % of Shares % of Votes
Sundholm Göran Wilhelm 28.02.2025 12.4% 12.4%
Laakkonen Mikko Kalervo 28.02.2025 4.2% 4.2%
Mandatum Life Insurance Company Ltd. 28.02.2025 2.2% 2.2%
eQ Finland Investment Fund 28.02.2025 2.2% 2.2%
Stephen Industries Inc Oy 28.02.2025 2.1% 2.1%
Suominen Pekka Matias 28.02.2025 1.9% 1.9%
Siivonen Osku Pekka 28.02.2025 1.8% 1.8%
Mustakallio Mika Tapani 28.02.2025 1.7% 1.7%
Keskiaho Kaija Leena 28.02.2025 1.7% 1.7%
Kirmo Kaisa Marketta 28.02.2025 1.7% 1.7%

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Company Facts

CEO Mika Saariaho
CFO Ville Halttunen
Market cap (EURm) 98
Industry Machinery
Ticker RAUTE

Guidance

Raute’s 2025 revenue is expected to be between EUR 190-220m and comparable EBITDA in the range of EUR 17-24m

Financial targets

Net sales of EUR 250m (including both organic and inorganic growth) for 2028, Services and Analyzers relative share of net sales 40%, comparable EBITDA margin 12% on average over cycle

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