Raute Corporation's 2Q net sales amounted to Euro 24.4 million, compared to Euro 37 million in the 2Q 2019. Operating result for the 2Q 2020 was Euro 1 million negative and accounted for -4.2% of net sales.
Negotiations, concerning temporary layoffs of salaried and senior salaried employees of Raute’s operations in Finland in Nastola, Lahti, and Kajaani, have been concluded. According to the reached negotiation solution the adaptations will concern all salaried and senior salaried employees of Raute Finland with a duratio...
Raute Corporation has signed an agreement on the acquisition of the majority of the share capital in Oulu-based Hiottu Oy. The shareholders employed by Hiottu will continue working for the company.
Raute Corporation has initiated negotiations in accordance with the Act on Co-operation within Undertakings concerning measures to adapt its operations in Finland, i.e. in Nastola, Lahti, and Kajaani.
Raute has signed a contract with Guoxu-Springwood Wood Panel Company in Guangxi province in China for delivering a modern veneer dryer and automated lay-up lines, including Raute Mecano analyzers for quality control and modern moisture control. The ordered machinery and equipment will be delivered by the end of 2020.
Raute's profit outlook for 2020 has weakened. Net sales are estimated to decline from 2019 and operating profit is estimated to weaken clearly from the year 2019. Previously the company has estimated net sales for 2020 to remain at the same level as in 2019 and operating profit to weaken compared to 2019. In 2019, the ...