Based on the preliminary unaudited information Raute Group’s 2018 net sales were approximately Euro 181 million (2017: Euro 148 million) and operating profit was approximately Euro 14.9 million, as the company said in the press release received by Lesprom Network.
Raute has previously estimated, in its positive profit warning published on September 17, 2018 and confirmed in the Interim report on October 31, 2018, that Raute’s net sales will increase and operating profit will improve in 2018 compared to 2017.
Higher than estimated net sales are based on the good success of the entire delivery chain at the end of the year. Also, net sales for technology services were higher than estimated. At the end of 2018, Raute’s order book totaled approximately Euro 95 million.
Raute will estimate 2019 net sales and operating profit in that connection.
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 lumber. The technology offering covers the entire production process of veneer, plywood and LVL and special measurement equipment for lumber.
