Inside information: Positive profit warning - Raute updates its guidance regarding net sales and profit
Raute updates its guidance regarding net sales and profit.
New guidance for 2024:
Raute's 2024 net sales are expected to be between
Previous guidance for 2023: (published on
Raute's 2024 net sales are expected to be between
Rationale for the new guidance:
Raute's strong order backlog has supported the positive business development despite the continued challenging market environment. Raute's project deliveries and services business have progressed better than anticipated, which has led to positive net sales and profit development during the second quarter. Therefore, Raute raises its guidance for both net sales and profit for the full year.
RAUTE CORPORATION
President and CEO
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RAUTE IN BRIEF - Making
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 plant are located in
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