Overview
Financial overview
Equity research
Raute’s Q3 figures were encouraging, and even if FY’26 EBITDA would decline more than we estimate the earnings multiples are still low enough to leave margin for upside.
Raute recently issued another positive profit warning, according to which FY’25 revenue will be slightly lower than previously anticipated while comparable EBITDA will remain high in absolute and especially relative terms. Q3 results were clearly better than we estimated especially in terms of EBITDA margin while the EUR 38m order intake was also a positive surprise. There’s still global uncertainty affecting market demand, but it now seems Raute’s order book development could stabilize soon after being on a declining trend for almost two years.
Raute reports Q3 results on Oct 30. Earnings are likely to peak at least temporarily this year, but multiples also don’t imply big expectations for new orders. A turning point in the order backlog decline trend could yet drive upside soon.
Raute’s margins impress, while extended low orders pose big earnings headwinds, yet multiples remain very undemanding.
Raute’s EUR 43.8m Q2 top line came in clearly below our estimate, yet the EUR 6.5m comparable EBITDA was basically in line with our estimate as Wood Processing continued to deliver very high margins. The very low EUR 12m in new orders was a clear negative as equipment orders were almost completely lacking, yet Wood Processing and Analyzers should see demand recovery towards next year especially in Europe.
Raute reports Q2 results on Aug 12. This year will set another earnings record, while the focus now turns to new orders.
Raute’s FY’25 results are likely to prove so strong that earnings will decline next year, but the low valuation is undemanding enough for further likely upside.
Raute’s very high EUR 7.4m Q1 comparable EBITDA was driven by Wood Processing, which continued its strong operational execution. Order intake however slowed again after a more promising Q4. More sustained market recovery still has to be waited for, meaning Raute’s comparison figures for next year may turn out to be challengingly high as the company still has enough order book to make this year a very profitable one.
Wood Processing’s strong Q1 prompted Raute to upgrade FY’25 earnings guidance. Q1 orders however still weren’t great, and it remains to be seen how much further new orders might be delayed in the prevailing environment.
Raute has already achieved high results, and they could be even higher in a more favorable market environment.
Annual financials
Quarterly financials
Assets
Equity and liabilities
Cashflow
Environment
Social
Governance
Videos
Annual and sustainability reports
- Annual report 2024
- Annual report 2023
- Annual report 2022
- Annual report 2021
- Annual report 2020
- Annual report 2019
- Annual report 2018
- Annual report 2017
- Annual report 2016
Company news
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)
| KEY FIGURES (MEUR) | Q3/ | Q3/ | Change | Q1-3/ | Q1-3/ | Change | 2024 |
| Net sales | 43.7 | 46.4 | -5.8 | 139.3 | 148.1 | -5.9 | 204.6 |
| Exported portion of net sales, % | 60.0 | 85.2 |
| 57.4 | 88,8 |
| 84.3 |
| Comparable EBITDA | 6.5 | 6.3 | 4.2 | 20.4 | 14.7 | 39.1 | 19.8 |
| Comparable EBITDA % | 15.0 | 13.5 |
| 14.6 | 9.9 |
| 9.7 |
| EBITDA | 6.3 | 6.2 | 1.8 | 18.0 | 14.3 | 26.1 | 19.1 |
| EBITDA % | 14.4 | 13.3 |
| 12.9 | 9.7 |
| 9.3 |
| Comparable operating profit | 5.4 | 4.9 | 9.0 | 16.2 | 10.6 | 53.4 | 14.4 |
| Comparable operating profit, % | 12.3 | 10.6 |
| 11.7 | 7.1 |
| 7.0 |
| Operating profit | 5.1 | 4.8 | 5.9 | 12.9 | 10.2 | 26.1 | 13.7 |
| Operating profit, % | 11.7 | 10.4 |
| 9.3 | 6.9 |
| 6.7 |
| Net result | 3.9 | 4.5 | -12.1 | 9.4 | 9.2 | 2.2 | 12.1 |
| Comparable EPS, EUR | 0.69 | 0.74 | -7.5 | 2.08 | 1.53 | 35.6 | 2.05 |
| EPS, EUR | 0.65 | 0.73 | -11.0 | 1.53 | 1.48 | 3.4 | 1.96 |
| EPS (diluted), EUR | 0.62 | 0.71 | -12.7 | 1.49 | 1.45 | 2.8 | 1.91 |
| Adjusted avg. no. of shares, 1000 pcs | 5 968 | 6 027 |
| 5 995 | 6 123 |
| 6 027 |
| Adjusted avg. no. of shares, diluted, 1000 pcs | 6 244 | 6 325 |
| 6 290 | 6 333 |
| 6 350 |
|
|
|
|
|
|
|
|
|
| Return on investment, (ROI), % |
|
|
| 33.9 | 31.1 |
| 30.9 |
| Return on equity, (ROE), % |
|
|
| 24.0 | 29.2 |
| 27.5 |
| Interest-bearing net liabilities |
|
|
| -26.9 | -49.5 |
| -51.9 |
| Equity ratio, % |
|
|
| 64.9 | 54.3 |
| 55.2 |
| Gearing, % |
|
|
| -49.6 | -105.8 |
| -104.4 |
|
|
|
|
|
|
|
|
|
| Gross capital expenditure | 0.7 | 0.4 | 67.0 | 2.5 | 1.5 | 71.2 | 2.8 |
| % of net sales | 1.7 | 1.0 |
| 1.8 | 1.0 |
| 1.4 |
|
|
|
|
|
|
|
|
|
| Research and development costs | 1.1 | 1.2 | -2.9 | 3.9 | 4.0 | -1.5 | 5.3 |
| % of net sales | 2.6 | 2.5 |
| 2.8 | 2.7 |
| 2.6 |
|
|
|
|
|
|
|
|
|
| Order book |
|
|
| 108 | 188* | -42.4 | 184 |
| Order intake | 38 | 15 | 152.6 | 66 | 72 | -8.0 | 121 |
|
|
|
|
|
|
|
|
|
| Personnel, at the end of the period |
|
|
| 696 | 789 | -11.8 | 783 |
| Personnel, effective, on average |
|
|
| 734 | 782 | -6.1 | 740 |
*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.
Raute Corporation, Stock Exchange Release, 26 September 2025 at 2:15 p.m. EEST
The composition of Raute's Shareholders' Nomination Board
According to the charter of the shareholders' nomination Board ("Nomination Board"), the Chairperson of the Board of Directors has requested the three largest shareholders in accordance with the situation on the last business day of August 2025 to appoint a member to the Nomination Board.
The following members have been appointed to Raute Corporation's Shareholders' Nomination Board:
- Pekka Suominen (directly and indirectly by proxies)
- Göran Sundholm
- Mikko Laakkonen
Laura Raitio, the Chair of the Board of Directors of Raute, serves as an expert in the Nomination Board without being a member.
The term of the members of the Nomination Board ends upon the appointment of new members of the Nomination Board in 2026.
The charter of the Nomination Board is available address:
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, 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, August 20, 2025, at 9:30 a.m. EEST
Raute cancels own shares repurchased under its buy-back program
Raute Corporation has today cancelled 84,450 of its own shares held by the company, in accordance with the decision made by the company's Board of Directors. Shares were acquired between 17 February 2025 and 11 July 2025 as part of a buy-back program, the principles and details of which, as well as the upcoming cancellation of the acquired shares, were announced by the company in stock exchange releases on 13 February 2025 and 11 July 2025.
The cancellation of the shares reduces the total number of shares in Raute but does not affect Raute's share capital. After the cancellation, the total number of Raute's shares and votes is 6,038,229.
The cancellation of shares has been registered in the Trade Register today, on 20 August 2025.
After the cancellation, Raute Corporation does not hold any own shares in its direct ownership.
FURTHER INFORMATION:
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, Stock exchange release, August 12, 2025, at 8:30 a.m. EEST
Raute Corporation's Half-Year Financial Report January 1-June 30, 2025: Profitability continued to increase, business environment remained uncertain
This is a summary of Raute's Half-Year Financial Report January-June 2025. The full report is attached as a PDF file with this release and is also available on the company's website at www.raute.com.
RAUTE CORPORATION - HALF-YEAR FINANCIAL REPORT JANUARY-JUNE 2025
Figures in brackets refer to the same period a year earlier. Figures are unaudited and rounded to the nearest whole number.
April−June 2025 in brief
- Order intake was EUR 12 million (20)
- Order book was EUR 115 million (223) at the end of the reporting period
- Net sales were EUR 43.8 million (57.1)
- Comparable EBITDA was EUR 6.5 million (5.4), representing 14.7% (9.4%) of net sales
- Comparable operating profit was EUR 4.9 million (4.1)
- Items affecting comparability totaled EUR 3.0 million, of which EUR 2.0 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 factory in China
- Operating profit was EUR 1.9 million (3.9)
- Comparable earnings per share were EUR 0.68 (0.57)
- Earnings per share were EUR 0.19 (0.56)
- Equity ratio was 60.0% (48.5) at the end of the reporting period
January−June 2025 in brief
- Order intake was EUR 27 million (56)
- Net sales were EUR 95.7 million (101.7)
- Comparable EBITDA was EUR 13.9 million (8.4), representing 14.5% (8.2%) of net sales
- Comparable operating profit was EUR 10.9 million (5.7)
- Operating profit was EUR 7.8 million (5.4)
- Comparable earnings per share were EUR 1.39 (0.79)
- Earnings per share were EUR 0.88 (0.76)
| KEY FIGURES (MEUR) | Q2/ | Q2/ | Change | H1/ | H1/ | Change | 2024 |
| Net sales | 43.8 | 57.1 | -23.3 | 95.7 | 101.7 | -6.0 | 204.6 |
| Exported portion of net sales, % | 54.9 | 85.2 |
| 56.1 | 88.8 |
| 84.3 |
| Comparable EBITDA | 6.5 | 5.4 | 20.0 | 13.9 | 8.4 | 65.3 | 19.8 |
| Comparable EBITDA % | 14.7 | 9.4 |
| 14.5 | 8.2 |
| 9.7 |
| EBITDA | 4.5 | 5.3 | -15.1 | 11.7 | 8.1 | 44.6 | 19.1 |
| EBITDA % | 10.2 | 9.2 |
| 12.3 | 8.0 |
| 9.3 |
| Comparable operating profit | 4.9 | 4.1 | 20.2 | 10.9 | 5.7 | 91.9 | 14.4 |
| Comparable operating profit, % | 11.2 | 7.1 |
| 11.4 | 5.6 |
| 7.0 |
| Operating profit | 1.9 | 3.9 | -51.2 | 7.8 | 5.4 | 44.0 | 13.7 |
| Operating profit, % | 4.4 | 6.9 |
| 8.1 | 5.3 |
| 6.7 |
| Net result | 1.2 | 3.4 | -65.1 | 5.4 | 4.7 | 15.8 | 12.1 |
| Comparable EPS, EUR | 0.68 | 0.57 | 19.3 | 1.39 | 0.79 | 75.9 | 2.05 |
| EPS, EUR | 0.19 | 0.56 | -66.1 | 0.88 | 0.76 | 15.8 | 1.96 |
| EPS (diluted), EUR | 0.19 | 0.54 | -64.8 | 0.86 | 0.74 | 16.2 | 1.91 |
| Adjusted avg. no. of shares, 1000 pcs | 5 995 | 6 028 |
| 6 009 | 6 028 |
| 6 027 |
| Adjusted avg. no. of shares, diluted, 1000 pcs | 6 023 | 6 325 |
| 6 313 | 6 327 |
| 6 350 |
|
|
|
|
|
|
|
|
|
| Return on investment, (ROI), % |
|
|
| 32.6 | 25.1 |
| 30.9 |
| Return on equity, (ROE), % |
|
|
| 21.8 | 23.2 |
| 27.5 |
| Interest-bearing net liabilities |
|
|
| -28.6 | -31.1 |
| -51.9 |
| Equity ratio, % |
|
|
| 60,0 | 48.5 |
| 55.2 |
| Gearing, % |
|
|
| -57.0 | -73.1 |
| -104.4 |
|
|
|
|
|
|
|
|
|
| Gross capital expenditure | 1.0 | 0.6 | 70.6 | 1.7 | 1.0 | 68.0 | 2.8 |
| % of net sales | 2.3 | 1.0 |
| 1.8 | 1.0 |
| 1.4 |
|
|
|
|
|
|
|
|
|
| Research and development costs | 1.4 | 1.4 | 1.4 | 2.8 | 2.8 | -0.9 | 5.3 |
| % of net sales | 3.2 | 2.5 |
| 2.9 | 2.7 |
| 2.6 |
|
|
|
|
|
|
|
|
|
| Order book |
|
|
| 115 | 223 | -48.5 | 184 |
| Order intake | 12 | 20 | -41.3 | 27 | 56 | -51.3 | 121 |
|
|
|
|
|
|
|
|
|
| Personnel, at the end of the period |
|
|
| 766 | 798 | -4.0 | 783 |
| Personnel, effective, on average | 748 | 741 | 0.9 | 754 | 745 | 1.2 | 740 |
Review from Mika Saariaho, President and CEO
We continued our strong operational execution in the second quarter of 2025, further demonstrating our enhanced capabilities to operate successfully in a challenging business environment. Raute's comparable EBITDA reached EUR 6.5 million, representing a margin of 14.7% on net sales of EUR 44 million. This is also a significant milestone, marking the first time we have exceeded on a rolling 12-month basis our long-term target of a 12% comparable EBITDA margin. All three business segments are making positive contributions to Raute's financial performance.
While net sales were below the comparison period, primarily due to typical revenue recognition fluctuations, I am particularly pleased with our ability to achieve strong profitability even with reduced volumes. We have continued to deliver projects successfully and on schedule. This strong execution, coupled with the significant efficiency improvements and supply chain optimizations we have implemented, is clearly bearing fruit.
Raute's business environment remained challenging in the reporting period, with customers deferring investment decisions amidst heightened global trade and tariff uncertainties. Consequently, our order intake was very low, and it was primarily related to the Services business, which has remained relatively resilient even in the current market environment. While commercial discussions in the Wood Processing and Analyzers businesses were reactivated towards the end of the quarter, this was not yet realized as new orders. However, we believe that demand will improve in the second half of 2025 and during 2026.
Regardless of the market environment, we are determined to proactively safeguard our margins and enhance our global competitiveness, both in the short and longer term. Accordingly, we introduced short-term measures to adjust our production capacity, as well as long-term decision to close our production unit in China during the quarter. The closure of the China production unit is a strategic step in the broader restructuring of our global manufacturing network, designed to cluster production resources more cost-effectively and increase flexibility.
During the first half of the year we have also reviewed our strategy launched in early 2023 and concluded that the overall strategy and targets for 2028 remain valid. Looking ahead, I am particularly pleased with the significant improvements in our operational and commercial capabilities. This gives me confidence in our ability to navigate through different business cycles.
BUSINESS ENVIRONMENT
The global business environment was very turbulent in the first half of the year due to many different reasons in various market areas. We estimate that this general turbulence has affected the demand for our customers' end products.
The prolonged recession in the construction industry, which is the main user of veneer-based end products, continued globally. However, signs of an improvement in construction activity were observed in the second quarter of the year, for example, in Europe (Eurostat, June 2025). In North America, housing construction starts increased significantly in Canada during the second quarter after a sluggish start to the year (Canada Mortgage and Housing Corporation). In the United States, on the other hand, housing start-ups continued to decline moderately compared to the previous year. (U.S. Census Bureau).
After a prolonged recession, a slight pick-up in end-product demand was visible, especially in Europe. Demand for birch plywood and LVL remained stable. The increase in prices caused by the low availability of logs affected the profitability of some of our customers, although this was at least partially compensated by price increases in the end products.
Uncertainty related to U.S. import tariffs paralyzed our customers' investment decisions in the first half of the year in North and South America, as well as for those 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 uncertainty of our customers in the first half of the year. The ongoing war in Ukraine in Europe, combined with the uncertain customs policy of the United States, has also slowed down decision-making, although we estimate that some of our European customers are already preparing for the market to become more active.
GUIDANCE STATEMENT FOR 2025
Raute's 2025 net sales are expected to be between EUR 190-220 million and comparable EBITDA between EUR 20-27 million.
RAUTE CORPORATION
Board of Directors
BRIEFING
A results briefing for analysts, investors and the media will be organized at Eliel studio in Sanomatalo, Töölönlahdenkatu 2, Helsinki on the same day August 12, 2025, at 2:00 p.m. The half-year financial report will be presented by President and CEO Mika Saariaho and CFO Ville Halttunen. The presentation material will be available after the briefing at www.raute.com > Investors > Financial information.
The event will be held in English, and it can also be followed by a live webcast at https://raute.videosync.fi/q2-2025. After the presentation, it is possible to ask questions via chat. The recording of the event will be available on the company's website after the event.
NEXT REPORT:
Raute Corporation's Business Review January-September 2025 will be published on Thursday, October 30, 2025.
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, August 5, 2025, at 9:00 a.m. EEST
Publication of Raute Corporation's Half-Year Financial Report January-June 2025 and invitation to a result briefing
Raute Corporation will publish its January−June 2025 half-year financial report on Tuesday, August 12, 2025, at approximately 8.45 a.m. EEST. The report 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 August 12, 2025, at 2:00 p.m.
The event is also open to private investors, and participants are requested to register beforehand by emailing ir@raute.com on August 8, 2025, at the latest. The results 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/q2-2025. 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, 11 July 2025 at 6:50 p.m. EEST
Raute's buy-back program commenced in February has been completed
Raute Corporation has completed a share repurchase program ("buy-back program"), the commencement of which was announced via a stock exchange release on February 13, 2025. During the program Raute repurchased a total of 84,450 own shares between February 17 - July 11, 2025, corresponding to approximately 1.4 % of the total number of shares in the company. The shares were purchased at an average price of EUR 15.9825.
The purchases made under the buy-back program reduced Raute's equity by approximately EUR 1.35 million. As a result of the buy-back program, Raute Corporation owns directly a total of 84,450 own shares. Shares repurchased under the buy-back program will be cancelled.
The shares were repurchased otherwise than in proportion to the shareholdings of the shareholders at the market price prevailing at the time of acquisition in public trading on Nasdaq Helsinki Ltd using the company's unrestricted equity.
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, 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, 11 July 2025 at 6.30 PM (EET) | ||||
| Raute Corporation: SHARE REPURCHASE 11.7.2025 | ||||
| In the Helsinki Stock Exchange | ||||
| Trade date | 11.7.2025 | |||
| Bourse trade | Buy | |||
| Share | RAUTE | |||
| Amount | 654 | Shares | ||
| Average price/ share | 17,2674 | EUR | ||
| Total cost | 11 292,88 | EUR | ||
| Raute Corporation now directly* holds a total of 84 450 shares | ||||
| including the shares repurchased on 11.7.2025 | ||||
| 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 | ||||
| Sami Huttunen | Ilari Isomäki | |||
| For further information, please contact: | ||||
| Mika Saariaho, President and CEO | ||||
| tel. +358 40 154 9393 | ||||
| www.raute.com | ||||
| *EAI Raute Holding Oy owns 70 504 shares. Allshares Oy | ||||
| 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 Allshares Oy 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 July 2025 at 6.30 PM (EET) | ||||
| Raute Corporation: SHARE REPURCHASE 10.7.2025 | ||||
| In the Helsinki Stock Exchange | ||||
| Trade date | 10.7.2025 | |||
| Bourse trade | Buy | |||
| Share | RAUTE | |||
| Amount | 700 | Shares | ||
| Average price/ share | 17,2466 | EUR | ||
| Total cost | 12 072,62 | EUR | ||
| Raute Corporation now directly* holds a total of 83 796 shares | ||||
| including the shares repurchased on 10.7.2025 | ||||
| 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 | ||||
| Sami Huttunen | Ilari Isomäki | |||
| For further information, please contact: | ||||
| Mika Saariaho, President and CEO | ||||
| tel. +358 40 154 9393 | ||||
| www.raute.com | ||||
| *EAI Raute Holding Oy owns 70 504 shares. Allshares Oy | ||||
| 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 Allshares Oy 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, 9 July 2025 at 6.30 PM (EET) | ||||
| Raute Corporation: SHARE REPURCHASE 9.7.2025 | ||||
| In the Helsinki Stock Exchange | ||||
| Trade date | 9.7.2025 | |||
| Bourse trade | Buy | |||
| Share | RAUTE | |||
| Amount | 1 000 | Shares | ||
| Average price/ share | 16,9828 | EUR | ||
| Total cost | 16 982,80 | EUR | ||
| Raute Corporation now directly* holds a total of 83 096 shares | ||||
| including the shares repurchased on 9.7.2025 | ||||
| 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 | ||||
| Sami Huttunen | Ilari Isomäki | |||
| For further information, please contact: | ||||
| Mika Saariaho, President and CEO | ||||
| tel. +358 40 154 9393 | ||||
| www.raute.com | ||||
| *EAI Raute Holding Oy owns 70 504 shares. Allshares Oy | ||||
| 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 Allshares Oy 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. | ||||
Equity Research Disclaimer
These research reports have been prepared by Evli Research Partners Plc (“ERP” or “Evli Research”). ERP is a subsidiary of Evli Plc.
None of the analysts contributing to this report, persons under their guardianship or corporations under their control have a position in the shares of the company or related securities. The date and time for any price of financial instruments mentioned in the recommendation refer to the previous trading day’s closing price(s) unless otherwise stated in the report. Each analyst responsible for the content of this report assures that the expressed views accurately reflect the personal views of each analyst on the covered companies and securities. Each analyst assures that (s)he has not been, nor are or will be, receiving direct or indirect compensation related to the specific recommendations or views contained in this report.
Companies in the Evli Group, affiliates or staff of companies in the Evli Group, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives) of any company mentioned in the publication or report. Neither ERP nor any company within the Evli Group have managed or co-managed a public offering of the company’s securities during the last 12 months prior to, received compensation for investment banking services from the company during the last 12 months prior to the publication of the research report.
ERP has signed an agreement with the issuer of the financial instruments mentioned in the recommendation, which includes production of research reports. This assignment has a limited economic and financial impact on ERP and/or Evli. Under the assignment ERP performs services including, but not limited to, arranging investor meetings or –events, investor relations communication advisory and production of research material. ERP or another company within the Evli Group does not have an agreement with the company to perform market making or liquidity providing services. For the prevention and avoidance of conflicts of interests with respect to this report, there is an information barrier (Chinese wall) between Investment Research and Corporate Finance units concerning unpublished investment banking services to the company. The remuneration of the analyst(s) is not tied directly or indirectly to investment banking transactions or other services performed by Evli Plc or any company within Evli Group.
This report is provided and intended for informational purposes only and may not be used or considered under any circumstances as an offer to sell or buy any securities or as advice to trade any securities.
This report is based on sources ERP considers to be correct and reliable. The sources include information providers Reuters and Bloomberg, stock-exchange releases from the companies and other company news, Statistics Finland and articles in newspapers and magazines. However, ERP does not guarantee the materialization, correctness, accuracy or completeness of the information, opinions, estimates or forecasts expressed or implied in the report. In addition, circumstantial changes may have an influence on opinions and estimates presented in this report. The opinions and estimates presented are valid at the moment of their publication and they can be changed without a separate announcement. Neither ERP nor any company within the Evli Group are responsible for amending, correcting or updating any information, opinions or estimates contained in this report. Neither ERP nor any company within the Evli Group will compensate any direct or consequential loss caused by or derived from the use of the information represented in this publication.
All information published in this report is for the original recipient’s private and internal use only. ERP reserves all rights to the report. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in any retrieval system of any nature, without the written permission of ERP.
This report or its copy may not be published or distributed in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa. The publication or distribution of this report in certain other jurisdictions may also be restricted by law. Persons into whose possession this report comes are required to inform themselves about and to observe any such restrictions.
Evli Plc is not registered as a broker-dealer with the U. S. Securities and Exchange Commission (“SEC”), and it and its analysts are not subject to SEC rules on securities analysts’ certification as to the currency of their views reflected in the research report. Evli is not a member of the Financial Industry Regulatory Authority (“FINRA”). It and its securities analysts are not subject to FINRA’s rules on Communications with the Public and Research Analysts and Research Reports and the attendant requirements for fairness, balance and disclosure of potential conflicts of interest. This research report is only being offered in U.S. by Auerbach Grayson & Company, LLC (Auerbach Grayson) to Major U.S. Institutional Investors and is not available to, and should not be used by, any U.S. person or entity that is not a Major U.S. Institutional Investor. Auerbach Grayson is a broker-dealer registered with the U.S. Securities and Exchange Commission and is a member of the FINRA. U.S. entities seeking more information about any of the issuers or securities discussed in this report should contact Auerbach Grayson. The securities of non-U.S. issuers may not be registered with or subject to SEC reporting and other requirements.
ERP is not a supervised entity but its parent company Evli Plc is supervised by the Finnish Financial Supervision Authority.
Company Facts
Guidance
Raute’s 2025 revenue is expected to be between EUR 175-190m and comparable EBITDA in the range of EUR 22-27m
Financial targets
Schedule analyst call
For professional investors wishing to discuss the case, please book a complimentary analyst call
Book a call