Inside information: Positive profit warning, Raute to increase its net sales guidance for 2023
Raute Corporation, Inside information, 25 April 2023 at 15:55. EEST
Following the positive development of order intake related to new mill-size delivery contracts in 2023, Raute Corporation (“Raute”) increases its net sales guidance for year 2023.
The new guidance is:
Raute’s 2023 net sales are expected to be above EUR 150 million and Comparable EBITDA margin to be above 4%
The earlier guidance given on February 14, 2023 was:
Raute’s 2023 net sales are expected to be above EUR 130 million and Comparable EBITDA margin to be above 4%
As previously communicated, Raute will publish its Interim Report for January 1−March 31, 2023 (3 months) on Friday, 28 April 2023 at about 8:00 a.m. Finnish time. A briefing for analysts, investors and the media will be organised on the same day April 28, 2023 at 10:00−11:00 a.m.
RAUTE CORPORATION
Mika Saariaho
President and CEO
FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 1549393
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 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 is 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 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.
