Raute's net sales outlook for 2020 has weakened. Raute Group’s net sales for 2020 will decrease clearly from 2019. According to the preliminary information, Raute’s net sales for 2020 will be approximately Euro 115 million (2019: Euro 151.3 million). Previously the company has estimated net sales for 2020 to decrease compared to 2019. As previously estimated, operating profit will weaken clearly compared to 2019.
Raute will publish its financial statements release, as planned, on Friday February 12, 2021.
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.
