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Raute veneer patching line.

Raute

Plywood and LVL manufacturing solutions

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

Company Facts

CEO Mika Saariaho
CFO Ville Halttunen
Market cap (EURm) 92
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 20-27m

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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