Raute’s 4Q 2018 net sales reached a record-high level, at Euro 54.2 million, compared to Euro 39.4 million in the 4Q 2017. Technology services accounted for Euro 16.6 million and 31% of the quarter’s net sales, as the company said in the press release received by Lesprom Network.
Operating profit in the 4Q 2018 was Euro 3.4 million positive and accounted for 6.3% of net sales.
Raute’s net sales in 2018 amounted to Euro 181 million, compared to Euro 148.1 million in 2017. Net sales grew 22% on 2017. Growth in net sales is attributed to both the good existing order book and the large number of orders received during the year.
Raute’s operating profit for 2018 was Euro 14.9 million positive and accounted for 8.2%. Operating profit grew 34%, mainly due to net sales growth.
Tapani Kiiski, President and CEO, said: “Our strong performance continued in the final quarter of the year, and we reached a record full-year result on many indicators for the fourth consecutive year. Our 4 Q and full-year net sales were record-high. In addition to increasing our capacity and streamlining our operations, both our own organization and our entire partner network showed excellent flexibility. During the final quarter, capacity costs and preparing for the end-phase costs of a few projects lowered our relative profitability. Despite this, we are satisfied with our performance. In project business, even large quarterly variations are the norm.”
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.
