Raute Corporation's order intake in the 4Q 2019, Euro 17 million was lower than expected due to the low volume of mid-sized single production line orders.
4Q 2019 net sales were good and amounted to Euro 39.3 million, although they failed to reach the previous year’s extremely high level.
Operating profit in the 4Q 2019 was Euro 1.8 million positive and accounted for 4.6% of net sales. The result was weakened by unforeseen costs resulting from 2018’s record-high workload, which surfaced during 2019.
4Q 2019 profit was Euro 2.3 million positive. Undiluted earnings per share were Euro 0.53 and diluted earnings per share were Euro 0.53.
Raute’s net sales in 2019 amounted to Euro 151.3 million, compared to Euro 181 million in 2018. Net sales declined by 16% on 2018. The decline in net sales resulted from a decline in the order intake volume and its scheduling for year-end.
Raute’s operating profit for 2019 was Euro 8.5 million positive and accounted for 5.6% of net sales.
FY 2019 operating profit fell 43%, largely due to a decline in net sales and unforeseen additional costs resulting from the high workload in 2018 and only surfacing during the past year.
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber.
