Raute

RAUTE CORPORATION, STOCK EXCHANGE RELEASE, 12 FEBRUARY 2026, at 08:15 a.m. EET

Raute continues its long-term incentive plan for senior management and key personnel

Raute's Board of Directors has decided on the commencement of a long-term incentive plan for the Group's senior management and selected key persons. The decision includes a Performance Share Plan ("PSP") as the main structure and a restricted Share Plan ("RSP") as a complementary structure.

The purpose of the plan is to align the objectives of the owners and management in order to develop the company's value for the long term, as well as to commit the company's management and key persons to the company and to achieving the company's strategic goals.

Performance Share Plan

PSP 2026-2028 begins at the start of 2026 and covers an earnings period of three years, with two performance indicators applied. The first performance indicator is the EBITDA, and its weight is 70 percent. The second performance indicator is the net sales target, with a weight of 30 percent. Any possible rewards based on both performance indicators will be paid after the three-year plan ends and the financial statements have been completed, in spring of 2029, provided that the performance targets set by the Board of Directors have been achieved. The potential rewards will be paid in Raute's shares or in cash, or as a combination thereof. Persons belonging to Raute Group's Executive Board and selected key persons are entitled to participate in the PSP 2026-2028 plan.

The Board of Directors is entitled to limit the rewards paid under the long-term incentive plan PSP if the reward would exceed the threshold value of the fixed annual gross salary of the individual in question. If the participant's service or employment relationship ends before the payment of the reward, the reward is generally not paid.

If the performance targets set for the plan beginning at the start of 2026 are fully achieved, the aggregate maximum amount of rewards to be paid based on the plan in question will correspond to the value of approximately 95 000 the company's shares. Aggregate amount of rewards means their gross amount before the withholding of the applicable payroll tax.

Restricted Share Plan

The Restricted Share Program consists of annually commencing individual share plans, each comprising a retention period with an overall length of three years. Each individual plan comprises an overall three-year plan period within which the company may grant fixed share rewards to individually selected key employees, including Raute Executive Board, with a retention period of up to three years. The share reward will be paid after the retention period applied to the respective individual share grant. The company may choose to pay the granted share rewards in one or several tranches within the limits of the overall three-year plan period.

The RSP plan, covering the years 2026-2028, commences as of the beginning of the year 2026. The aggregate maximum number of shares which may become payable based on RSP 2026-2028 is 68 000 shares (referring to gross reward from which the applicable payroll tax is withheld).

The rewards payable based on RSP will at the company' choice either be paid in shares of Raute or in cash based on the value of the share reward at the time of payment. The payment of the reward is conditional on the individual's continued employment or service relationship with Raute.

The maximum value of the reward payable to the participants based on RSP is limited by a cap which is linked to Raute's share price development with a multiplier set by the company.

Other terms

In accordance with the ownership recommendation the company abides by, the members of the company's Executive Board are expected to accrue and, after attaining, to retain in their ownership an amount of the company's shares that equals, for the CEO, his/her gross annual fixed salary, and for the other Executive Board members, their six months' gross fixed salary. The members of the Executive Board are expected to use 50 per cent of the net bonus he/she receives from the plan to accrue his/her share ownership until such ownership meets the level recommended above. Share ownership accrues either by retaining ownership of bonuses received as shares or by acquiring shares through cash bonuses received under the plan.

RAUTE CORPORATION

Board of Directors

FURTHER INFORMATION:

Laura Raitio, Chair of the Board of Directors. Contact requests: Elina Suomalainen, Executive Assistant, tel. +358 44 289 9330.

DISTRIBUTION:

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant is located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2025 were EUR 175.5 million. The Group's headcount at the end of 2025 was 698. More information about the company can be found at www.raute.com.

RAUTE CORPORATION, Stock Exchange Release, 12 February 2026 at 08:15 a.m. EET

Raute Corporation initiates share repurchase program

The Board of Directors of Raute Corporation has decided to initiate a share repurchase program based on the authorization received from the Annual General Meeting on April 15, 2025.

The purpose of the share repurchase program is to optimize Raute's capital structure through reduction of capital. The repurchase of shares will reduce Raute's unrestricted equity. The repurchased shares will be cancelled.

The maximum number of shares to be repurchased is 100,000 shares, corresponding to approximately 1.7% of the total number of shares. A maximum of EUR 1,500,000 will be used for the repurchase of shares. The share repurchase will commence on February 16, 2026, at the earliest and will end no later than December 31, 2026.

The buybacks will be carried out in public trading in accordance with the safe harbor procedure referred to in Article 5 of the EU Market Abuse Regulation, including, but not limited to, daily price and volume limits. The shares will be acquired through public trading on Nasdaq Helsinki.

Raute has appointed Nordea to implement the share repurchase program in accordance with the applicable price and volume restrictions and the applicable terms and conditions. Raute has the opportunity to suspend and terminate the program within the repurchase period, and in such a situation, Raute will publish a stock exchange release on the matter.

The Annual General Meeting held on April 15, 2025, authorized the Board of Directors to decide on the repurchase of a maximum of 600,000 of the company's own shares, approximately 10% of all the shares in the company. The company's own shares will be repurchased with funds belonging to the company's unrestricted equity, in which case the repurchases will reduce the company's distributable unrestricted equity.

The total number of shares in Raute Corporation is 6,038,229. Raute Corporation and its subsidiaries currently own 70,504 treasury shares, which corresponds to 1.2 percent of all outstanding shares.

RAUTE CORPORATION
Board of Directors

FURTHER INFORMATION:
Mika Saariaho, President and CEO, tel. +358 40 154 9393

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. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2025 were EUR 175.5 million. The Group's headcount at the end of 2025 was 698. More about Raute: www.raute.com.

Raute Corporation, Stock exchange release, February 12, 2026, at 8:00 a.m. EET

Raute Corporation's Financial Statements Release January 1-December 31, 2025: Strong operational execution in a challenging market environment

This is a summary of Raute's Financial Statements Release January 1-December 31, 2025. The full release is as a PDF file attachment in this release and is also available on the company's website at www.raute.com.

Figures in brackets refer to the same period a year earlier. Figures are unaudited and rounded to the nearest whole number.

October−December 2025 in brief

• Order intake was EUR 25 million (50)
• Order book was EUR 98 million (184) at the end of the reporting period
• Net sales were EUR 36.2 million (56.5)
• Comparable EBITDA was EUR 5.7 million (5.1), representing 15.8% (9.0%) of net sales
• Comparable operating profit was EUR 4.5 million (3.8)
• Operating profit was EUR 4.4 million (3.5)
• Comparable earnings per share were EUR 0.62 (0.52)
• Earnings per share were EUR 0.59 (0.48)
• Equity ratio was 65.7% (55.2%) at the end of the reporting period

January−December 2025 in brief

• Order intake was EUR 91 million (121)
• Net sales were EUR 175.5 million (204.6)
• Comparable EBITDA was EUR 26.1 million (19.8), representing 14.9% (9.7%) of net sales
• Comparable operating profit was EUR 20.8 million (14.4)
• Items affecting comparability totaled EUR 3.5 million, of which EUR 2.6 million were items impacting EBITDA and EUR 1.0 million were items booked as impairments below EBITDA impacting operating profit. These were mainly related to the closure of a production facility in China.
• Operating profit was EUR 17.3 million (13.7)
• Comparable earnings per share were EUR 2.70 (2.05)
• Earnings per share were EUR 2.12 (1.96)
• The Board of Directors' dividend proposal is EUR 0.65 per share

Guidance statement for 2026

Raute's 2026 net sales are expected to be between EUR 135-170 million (EUR 175.5 million in 2025) and comparable EBITDA is expected to be between EUR 10-19 million (EUR 26.1 million in 2025).

* The comparison figure for 2024 has been corrected because the table in question had previously shown an incorrect figure (30,9).

Review from Mika Saariaho, President and CEO

In 2025, Raute continued strong operational execution, driven by efficiency improvements, supply chain optimizations and focus on safety. Thanks to the daily efforts of our committed team, disciplined project delivery and continuous improvements in our ways of working, we achieved a strong financial result despite the decrease in net sales.

For the full year, net sales amounted to EUR 175.5 million (204.6) and comparable EBITDA to EUR 26.1 million (19.8), representing a margin of 14.9%. As net sales decreased rather evenly across business units, the profitability improvement was mainly driven by the strong delivery of Wood Processing. For Services and Analyzers, full-year comparable EBITDA remained relatively stable despite the challenging market environment. Overall, protecting our margins required also continuous capacity adjustments throughout the year, leading to temporary layoffs in various parts of the organization.

In the fourth quarter, Raute's net sales amounted to EUR 36.2 million, showing a decrease of 35.9% from the comparison period. Net sales were affected by the low order intake especially during the first half of the year. Our strong performance in project delivery was evident during the fourth quarter, as our comparable EBITDA increased to EUR 5.7 million despite the decrease in net sales, representing a margin of 15.8%. This is an exceptional level, which is partly explained by the reversal of certain project-related cost provisions at the end of the year following stringent project cost management. In the long term, our financial target is to maintain a comparable EBITDA margin of 12% on average over cycle.

During the year, we reviewed our existing strategy and set clarified priorities for the remainder of the strategy period. New priorities include growing the modernization business, new performance and subscription-based business models, capturing opportunities provided by artificial intelligence and expanding our local presence and capabilities in Services. Our systematic work to strengthen Raute's safety culture continues both in our own operations and in the solutions delivered to customers, driven by increased automation and the removal of manual work steps where possible.

In addition, we sharpened our geographical priorities, placing greater emphasis on markets with demand and growth potential for our most sophisticated high-tech solutions. In line with this objective, Raute decided to close its production facility in Changzhou, China. These strategic adjustments enable us to support our customers more comprehensively and provide the foundation for growth in both existing and new markets.

Entering into 2026, we believe the market has already passed its lowest point, although volatility is likely to persist. Given the inherently cyclical nature of our project-based business, we remain focused on proactively managing margins across varying market conditions. We aim to further increase the role of Analyzers and Services in order to reduce volatility in our own operations and financial performance. Across business units, we want to remain flexible, and customer driven, offering multiple ways to engage with Raute - whether through traditional equipment deliveries or through new, performance and subscription-based solutions.

BUSINESS ENVIRONMENT JANUARY−DECEMBER 2025

In 2025, Raute's operating environment remained challenging, characterized by global economic and geopolitical uncertainty affecting customers' investment decisions. The primary source of uncertainty has been the political actions of the United States, creating overall turbulence and concern regarding tariffs, especially for companies exporting goods to the country. In Europe, the war in Ukraine, as well as the continued downturn of construction, have affected demand for end products. As a result of these factors, Raute's customers have canceled or postponed their investment decisions, which was reflected in the order intake especially during the first half of the year.

During the fourth quarter of 2025, the global construction industry remained in a sustained recession. While there are expectations of improvement in the near term, uncertainties remain. For instance, the construction industry in Europe is expected to recover to growth in 2026, but the anticipated recovery is uneven by country. Especially new residential construction is expected to remain at a low level until 2027 (Source: Euroconstruct Winter 2025). In North America, housing construction is steady but constrained by affordability. Housing starts in the U.S. are below mid-cycle levels, which does not indicate significant market recovery. In Canada, housing starts have recently decreased, but the medium-term forecast remains positive (Source: APA Housing starts report, January 2026).

Engineered wood products are used primarily in construction, with the furniture and transportation industries also playing a large role. Consequently, the development of these industries is key to recovering end product demand and market activity. The reactivation of housing and mortgage markets as well as the potential reconstruction efforts in Ukraine would be the primary catalysts to reviving the construction industry and demand for engineered wood products.

Competition among technology providers has also intensified, with operators demonstrating increasingly aggressive pricing. Raute sees its competitive advantage in its global reach and capability to deliver integrated production lines and even mill-level projects, while many competitors remain specialized in individual process stages and operate more locally. In addition, Raute benefits from the growing role of its Services business, which remained stable during the year.

Despite the uncertainty, some of Raute's European and North American customers are preparing for the market to become more active and are actively promoting their investment plans for process efficiency and additional capacity. Over the long term, technological advancements and sustainability requirements are creating new opportunities for investments. Raute's position is strengthened by its broad product portfolio, ability to respond to sustainability demands, and technological leadership in digitalization and data analytics. Further, Raute's capability to offer a wide range of supplementary services throughout the product life cycle is an enabler for additional business opportunities.

Order intake and order book

Raute's total order intake was EUR 91 million (121) and included after-sales services, modernizations, upgrades and individual value-adding machinery and analyzers for veneer, plywood and LVL production.

Order intake was composed of 48% (67%) from Europe, 34% (19%) from North America, 11% (5%) from Asia-Pacific and 7% (9%) from South America.

Net sales

Net sales amounted to EUR 175.5 million (204.6), showing a decrease of 14.2% from the comparison period. Net sales were affected by the low in order intake, especially during the first half of the year. While Raute's project deliveries have continued successfully, still a large part of the order backlog will be recognized as net sales in 2026.

Sales decreased by 15.6% in Wood Processing, by 9.0% in Services, and by 15.3% in Analyzers.

Europe accounted for 73% (56%) of net sales, North America for 16% (22%), South America for 7% (19%) and Asia-Pacific for 4% (3%).

Result and profitability

Comparable EBITDA was EUR 26.1 million (19.8) and comparable EBITDA margin was 14.9% (9.7%). The increase was driven by improved efficiency and strong execution in project deliveries.

Comparable EBITDA improved in Wood Processing, while declining in Services and Analyzers.

EBITDA was EUR 23.6 million (19.1). Items affecting comparability (IACs) in EBITDA totaled EUR 2.6 million (0.7). These were mainly related to the closure of a production facility in China.

Comparable operating profit was EUR 20.8 million (14.4), representing 11.8% (7.0%) of net sales.

Operating profit was EUR 17.3 million (13.7). Items affecting comparability (IACs) in operating profit totaled EUR 3.5 million (0.7). These were in 2025 mainly related to the closure of a production facility in China.

Net financial items were EUR 0.3 million (1.4), where the decrease was driven by lower interest income as well as negative impact from foreign exchange changes.

The result before taxes was EUR 17.6 million (15.1). The result for the reporting period was EUR 12.9 million (12.1), earnings per share were EUR 2.12 (1.96) and diluted earnings per share were EUR 2.06 (1.91). Comparable earnings per share were EUR 2.70 (2.05).

PROPOSAL FOR THE DISTRIBUTION OF PROFITS

Raute aims to pay a stable and sustainable dividend over different market conditions.

On December 31, 2025, the parent company Raute Corporation's distributable funds amounted to EUR 43.0 million. The Board of Directors proposes to the Annual General Meeting, to be held on April 14, 2026, that a dividend of EUR 0.65 per share be paid for the financial year January 1-December 31, 2025.

RAUTE CORPORATION
Board of Directors

BRIEFING

A result briefing for analysts and the media will be organized at Eero studio in Sanomatalo, Töölönlahdenkatu 2, Helsinki on February 12, 2026, at 2:00 p.m. The financial statements release will be presented by President and CEO Mika Saariaho and CFO Ville Halttunen. The presentation material will be available at www.raute.com > Investors > Financial information > Result center after the briefing.

The event will be held in English, and it can be followed by a live webcast at https://raute.videosync.fi/q4-2025. After the presentation, it will be possible to ask questions via chat. The recording of the event will be available on the company's website later the same day.

FINANCIAL CALENDAR IN 2026

Raute will publish financial results in 2026 as follows:

• Business review January-March 2026 on Thursday, May 7, 2026
• Half-year financial report January-June 2026 on Wednesday, August 12, 2026
• Business review January-September 2026 on Friday, October 30, 2026.

Raute's Financial statements, the Board of Directors report including sustainability statement, Corporate governance statement, Remuneration report and Annual report 2025 will be published as a stock exchange release and on the company's website www.raute.com during week 11.

Annual General Meeting is tentatively scheduled to be held in Lahti on Tuesday, April 14, 2026, at 10:00 a.m. Finnish time. The meeting will be convened later by Raute's Board of Directors.

FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 154 9393
Mr. Ville Halttunen, CFO, mobile phone +358 50 3460868

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2025 were EUR 175.5 million. The Group's headcount at the end of 2025 was 698. More information about the company can be found at www.raute.com

Raute Corporation, Investor News, 4 February 2026 at 11:30 a.m. EET

Publication of Raute's Financial statements release 2025

Raute will publish its financial statements release 2025 on Thursday, 12 February 2026, at approximately 8.00 a.m. EET. Financial statements release will be available after the publication at www.raute.com.

A result briefing for analysts and the media will be organized at Eero studio in Sanomatalo, Töölönlahdenkatu 2, Helsinki on the same day 12 February 2026, at 2:00 p.m. EET.

The financial statements release will be presented by President and CEO Mika Saariaho and CFO Ville Halttunen. The presentation material will be available at www.raute.com > Investors > Financial information > Result center after the briefing.

The event will be held in English, and it can be followed by a live webcast at https://raute.videosync.fi/q4-2025. After the presentation, it is possible to ask questions via chat. The recording of the event will be available on the company's website later the same day.

FURTHER INFORMATION:
Mr. Ville Halttunen, CFO, mobile phone +358 50 3460868

DISTRIBUTION:
Main media, www.raute.com  
 

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Stock Exchange Release, 27 January 2026 at 2:00 p.m. EET

Proposals of the Shareholders' Nomination Board to Raute Corporation's Annual General Meeting 2026

The Shareholders' Nomination Board of Raute Corporation (the "Nomination Board") proposes to the Annual General Meeting planned to be convening on April 14, 2026, that Raute's Board of Directors would consist of seven members.

The Nomination Board proposes that Laura Raitio, Licentiate of Science (Technology), would continue to be elected as the Chair of the Board of Directors and Joni Bask, M.Sc. (Eng.), would continue to be elected as the Vice Chair of the Board of Directors. It is proposed that Mikko Kettunen, M.Sc. (Econ.), Julius Manni, M.Sc. (Econ.), Ari Piik, M.Sc. (Econ.), and Jenni Virnes, M.Sc. (Eng.), be re-elected as members of the Board of Directors.

In addition, the Nomination Board proposes that Anna Hyvönen, Licentiate of Science (Technology), be elected as a new member of the Board of Directors.

Anna Hyvönen (b. 1968, Licentiate of Science (Technology)) is the Chair of the Board of Directors of Duell Corporation and a member of the Board of Directors of Neste Corporation, SRV Group Plc and FLSmidth & Co. A/S. She has previously held several international management positions in industry and services companies, most recently at Nokian Tyres Plc in 2016-2025 in several roles, and before that at KONE Corporation as VP of Maintenance business and at Ramirent Oyj as EVP Northern and Central Europe. Earlier in her career, she worked at Nokia Networks in several executive positions. Her previous positions of trust include being a member of the Board of Directors of Caverion and Normet and Chair of the Board of Directors of Leasegreen Group.

All candidates have given their consent to the positions.

Of the current Board members, Ari Harmaala will leave the Board at the end of the Annual General Meeting. 

"Ari Harmaala has brought his extensive experience to Raute Corporation's Board of Directors. The Nomination Board thanks Ari Harmaala for his valuable contribution and work for the company," says Pekka Suominen, Chair of the Nomination Board.

The Nomination Board proposes that the remuneration of the members of the Board of Directors would be EUR 55,000 for the Chair of the Board of Directors and EUR 27,000 for the members of the Board of Directors for the term of office as before. The following remuneration is proposed for committee work:

• Meeting fee for committee work to the Chair of the Audit Committee EUR 1000 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.

Regarding the election procedure for the members of the Board of Directors, the Nomination Board recommends that the shareholders take a position on the proposal as a whole at the Annual General Meeting. When making the proposal and assessing the qualifications of the individual nominees, the Nomination Board has assessed that the proposed entity of the Board of Directors has the best possible expertise for the company and that the composition of the Board of Directors also meets the other requirements of the Corporate Governance Code for listed companies.

In addition, the Nomination Board proposes to the Annual General Meeting an amendment to the Charter of the Nomination Board so that the appointment of the members of the Nomination Board would be brought forward by one month from the current date and would in future be based on the ownership situation on the last business day of July instead of the current August.

The composition of Raute's Shareholders' Nomination Board was announced on September 26, 2025, and its Chair is Pekka Suominen, and its members are Göran Sundholm and Mikko Laakkonen. Laura Raitio, Chair of the Board of Directors, has acted as an expert on the Nomination Board without being a member of the Nomination Board. The Nomination Board has convened four times during the term.

The Nomination Board made its proposal for a decision unanimously.

The above-mentioned proposals will also be included in the notice to the Annual General Meeting to be published later.

RAUTE CORPORATION
 

FURTHER INFORMATION:
Pekka Suominen, Chair of the Nomination Board. Contact requests: Elina Suomalainen, Executive Assistant, tel. +358 44 289 9330.

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Stock Exchange Release, 24 November 2025 at 9:00 a.m. EET

Changes in Raute Corporation's Executive Board

Raute Corporation has appointed Arto Kaikkola, M.Sc. (Industrial Engineering and Management) as Interim Chief Commercial Officer (CCO), effective 25 November 2025. Arto brings extensive experience in commercial leadership and will support Raute during this transition period.

This appointment follows the earlier announcement made on 30 September 2025 regarding Jari Myyryläinen's decision to leave Raute by 31 December 2025 to pursue new opportunities outside the company.

The recruitment process for a permanent CCO is ongoing. Raute remains committed to ensuring continuity and strengthening its commercial excellence and global sales development.

RAUTE CORPORATION
Mika Saariaho
President and CEO

FURTHER INFORMATION:
Mika Saariaho, President and CEO, tel. +358 40 154 9393

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Stock Exchange Release, 21 November 2025 at 9:45 a.m. EET

Raute's financial calendar and annual general meeting in 2026

In 2026, Raute will publish financial reports as follows:

• Financial statements release for the year 2025 on Thursday, February 12, 2026
• Business review January-March 2026 on Thursday, May 7, 2026
• Half-year financial report January-June 2026 on Wednesday, August 12, 2026
• Business review January-September 2026 on Friday, October 30, 2026.

Raute's Financial statements, the Board of Directors report including sustainability statement, Corporate governance statement, Remuneration report and Annual report 2025 will be published as a stock exchange release and on the company's website www.raute.com during week 11.

Annual General Meeting is tentatively scheduled to be held in Lahti on Tuesday, April 14, 2026, at 10:00 a.m. Finnish time. The meeting will be convened later by Raute's Board of Directors.

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 is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Press release, October 30, 2025, at 8:10 a.m. EET

Raute to initiate change negotiations on possible temporary layoffs

Raute Corporation will initiate change negotiations regarding potential temporary layoffs in all Raute Corporation locations in Finland concerning the Wood Processing and Analyzers business units, as well as the installation team of Services business unit.

Raute's financial performance in 2025 has remained strong, supported by earlier order intake and solid operational execution. Although new orders in Q3 2025 were at a reasonable level, continued market uncertainty has led to a slow year-to-date order intake and, consequently, reduced workloads, especially in Wood Processing and Analyzers business units. This development also affects the installation operations within the Services business.

In total, approximately 400 employees fall within the scope of the negotiations. The potential temporary layoffs would take place during 2026.

FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 154 9393

DISTRIBUTION:
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, 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, October 30, 2025, at 8:00 a.m. EET

Raute Corporation's Business Review January 1-September 30, 2025: Strong profitability and increased order intake in Q3 2025

This is a summary of Raute's Business Review January 1-September 30, 2025. The full review is as a PDF file attachment in this release and is also available on the company's website at www.raute.com.

RAUTE CORPORATION - BUSINESS REVIEW JANUARY 1-SEPTEMBER 30, 2025

Figures in brackets refer to the same period a year earlier. Figures are unaudited and rounded to the nearest whole number.

July−September 2025 in brief

• Order intake was EUR 38 million (15)
• Order book was EUR 108 million (188) at the end of the reporting period
• Net sales were EUR 43.7 million (46.4)
• Comparable EBITDA was EUR 6.5 million (6.3), representing 15.0% (13.5) of net sales
• Comparable operating profit was EUR 5.4 million (4.9)
• Operating profit was EUR 5.1 million (4.8)
• Comparable earnings per share were EUR 0.69 (0.74)
• Earnings per share were EUR 0.65 (0.73)
• Equity ratio was 64.9% (54.3) at the end of the reporting period

January−September 2025 in brief

• Order intake was EUR 66 million (72)
• Net sales were EUR 139.3 million (148.1)
• Comparable EBITDA was EUR 20.4 million (14.7), representing 14.6% (9.9) of net sales
• Comparable operating profit was EUR 16.2 million (10.6)
• Items affecting comparability totaled EUR 3.4 million, of which EUR -2.4 million were items impacting EBITDA and EUR 1.0 million were items booked as impairments impacting operating profit. These were mainly related to the closure of a factory in China
• Operating profit was EUR 12.9 million (10.2)
• Comparable earnings per share were EUR 2.08 (1.53)
• Earnings per share were EUR 1.53 (1.48)

*Q3/2024 order book restated by EUR 2m from earlier reported

Review from Mika Saariaho, President and CEO

Raute delivered another solid quarter, marked by strong profitability and success in operational execution. Comparable EBITDA reached EUR 6.5 million, representing a margin of 15.0% of net sales.  This strong operational performance was driven by continued improvements in efficiency and supply chain optimizations. Net sales experienced a decline, primarily due to typical fluctuations in revenue recognition and the low order intake during the first half of the year.

There were some signs of improving customer activity in the market, as we had predicted earlier. Consequently, our order intake for the third quarter rose to EUR 38 million, which represents a reasonable level considering no mill-sized orders were realized. While it is still difficult to estimate the extent of the market recovery due to ongoing global uncertainties, we expect market demand to improve going into 2026.

We remain committed to safeguarding our margins and enhancing competitiveness, both in the short and longer term. This is especially important because the low order intake in the first half of the year is likely to have an impact on our near-term revenue recognition and may require continuing capacity adjustments. For the longer term, we initiated a strategic restructuring of Raute's global manufacturing network earlier this year, aimed at increasing cost-effectiveness and flexibility.  

Based on the strong profitability development achieved year-to-date, we have revised upwards the lower bound of our comparable EBITDA guidance. At the same time, we have lowered our net sales guidance, primarily due to the low order intake in the first half of the year and the deferral of some project deliveries into next year.  

Looking ahead, I am confident that our significantly enhanced efficiency, agility, and commercial capabilities position us well to continue successful business execution and navigate through different business cycles.

BUSINESS ENVIRONMENT JANUARY−SEPTEMBER 2025

The turbulence in the global business environment continued during the third quarter in Raute's main market areas. We estimate that this general turbulence has affected the demand for end-use products of Raute's customers.

The prolonged recession in the construction industry, which is the primary user of veneer-based end-use products, continued globally. However, signs of an improvement in construction activity were observed in the second quarter of the year, for example, in Europe, and this positive development has continued during the third quarter (Source: Eurostat, September 2025). In North America, housing construction started to fluctuate during the third quarter after a relatively good second quarter. (Source: Canada Mortgage and Housing Corporation and U.S. Census Bureau)

A slight pick-up in the demand for end-use products was visible during the third quarter, especially in Europe. Demand for birch plywood and LVL remained stable. The increase in costs caused by the low availability of logs affected the profitability of some of Raute's customers, although this was at least partially compensated by price increases in the end-use products. (Source: Plywood this week)

The uncertainty related to U.S. import tariffs has continued during the third quarter, postponing some investment decisions by Raute's customers in North and South America. This has also impacted manufacturers in Asia that have traditionally relied on the U.S. as an export market. In addition, the increasing geopolitical tensions in the Asia-Pacific region were also reflected in the market uncertainty. In Europe, the ongoing war in Ukraine, combined with the uncertain customs policy of the U.S., has also slowed down decision-making.

Despite the uncertainty, some of Raute's European and North American customers are preparing for the market to become more active and are actively promoting their investment plans for process efficiency and additional capacity.

GUIDANCE STATEMENT FOR 2025 (updated October 20, 2025)

Raute's 2025 net sales are expected to be between EUR 175-190 million, and comparable EBITDA to be between EUR 22-27 million.

Rationale for the new guidance:
Raute's project deliveries have continued successfully, but a larger part of the order backlog is expected to be recognized as net sales only in the following year. The order intake improved during the third quarter compared to the first half of the year, but this is not expected to compensate for the impact caused by the shift in net sales. At the same time Raute's continued strong operational execution enables an upward revision of the lower bound of the comparable EBITDA guidance.

Previous guidance for 2025 (published April 25, 2025):
Raute's 2025 net sales are expected to be between EUR 190-220 million, and comparable EBITDA to be between EUR 20-27 million.

RAUTE CORPORATION
Board of Directors

BRIEFING

A result briefing for analysts, investors and the media will be organized at Eliel studio in Sanomatalo, Töölönlahdenkatu 2, Helsinki on the same day October 30, 2025, at 2:00 p.m. The business review will be presented by President and CEO Mika Saariaho and CFO Ville Halttunen. The presentation material will be available at www.raute.com > Investors > Financial information > Result center after the briefing.

The event will be held in English, and it can also be followed by a live webcast at https://raute.videosync.fi/q3-2025. After the presentation, it is possible to ask questions via chat. The recording of the event will be available on the company's website later the same day.

FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 154 9393
Mr. Ville Halttunen, CFO, mobile phone +358 50 3460868

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Investor news, October 22, 2025, at 10:45 a.m. EEST

Publication of Raute Corporation's January-March 2025 Business Review and invitation to a result briefing

Raute Corporation will publish its January−September 2025 Business Review on Thursday, October 30, 2025, at approximately 8.00 a.m EET. Business Review will be available after the publication at www.raute.com.

A result briefing for analysts, investors and the media will be organized at Eliel studio in Sanomatalo, Töölönlahdenkatu 2, Helsinki on the same day October 30, 2025, at 2:00 p.m EET.

The event is also open to private investors, and participants are requested to register beforehand by emailing ir@raute.com on October 28, 2025, at the latest. The business review will be presented by President and CEO Mika Saariaho and CFO Ville Halttunen. The presentation material will be available at www.raute.com > Investors > Financial information > Result center after the briefing.

The event will be held in English, and it can also be followed by a live webcast at https://raute.videosync.fi/q3-2025. After the presentation, it is possible to ask questions via chat. The recording of the event will be available on the company's website later the same day.

FURTHER INFORMATION:
Mr. Ville Halttunen, CFO, mobile phone +358 50 3460868

DISTRIBUTION:
Main media, www.raute.com

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com

Raute Corporation, Stock exchange release, Inside information, October 20, 2025, at 3:40 p.m. EEST

Inside information, profit warning: Raute updates its guidance - Comparable EBITDA will remain strong, although net sales will be lower than previously estimated

New guidance for 2025:

Raute's 2025 net sales are expected to be between EUR 175-190 million and comparable EBITDA to be between EUR 22-27 million.

Previous guidance for 2025: (published on April 25, 2025):

Raute's 2025 net sales are expected to be between EUR 190-220 million and comparable EBITDA to be between EUR 20-27 million.

Rationale for the new guidance:

Raute's project deliveries have continued successfully, but a larger part of the order backlog is expected to be recognized as net sales only in the following year. The order intake improved during the third quarter compared to the first half of the year, but this is not expected to compensate the impact caused by the shift in net sales. At the same time Raute's continued strong operational execution enables an upward revision of the lower bound of the comparable EBITDA guidance.

RAUTE CORPORATION
Mika Saariaho
President and CEO

FURTHER INFORMATION:
Mika Saariaho, President and CEO, tel. +358 40 154 9393

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 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, 30 September 2025 at 2:00 p.m. EEST

Changes in Raute Corporation's Executive Board

Jari Myyryläinen, Chief Commercial Officer (CCO) at Raute Corporation, has decided to leave Raute by December 31, 2025, to transfer to another employer. The search for a new Chief Commercial Officer will begin immediately.

"I would like to thank Jari for his valuable contribution to the development of Raute's sales, marketing and commercial excellence functions and wish him success in his future endeavors," says Mika Saariaho, President and CEO of Raute.

FURTHER INFORMATION:
Mika Saariaho, President and CEO, tel. +358 40 154 9393

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

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer a full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production plant are located in Lahti, Finland. The company's other production plants are located in Kajaani, Finland, the Vancouver area of Canada, and in Pullman, WA, USA. Raute's net sales in 2024 were EUR 204.6 million. The Group's headcount at the end of 2024 was 783. More information about the company can be found at www.raute.com.