Raute - Inside information

Inside information: Positive profit warning - Raute updates its guidance regarding net sales and profit

Raute Corporation, Inside information June 19, 2024, at 08:30 EEST

Inside information: Positive profit warning - Raute updates its guidance
regarding net sales and profit

Raute updates its guidance regarding net sales and profit.

New guidance for 2024:

Raute's 2024 net sales are expected to be between EUR 185 - 210 million and
comparable EBITDA to be between EUR 13 - 17 million.

Previous guidance for 2023: (published on February 15, 2024):

Raute's 2024 net sales are expected to be between EUR 170 - 195 million and
comparable EBITDA to be between EUR 10 - 14 million.

Rationale for the new guidance:

Raute's strong order backlog has supported the positive business development
despite the continued challenging market environment. Raute's project deliveries
and services business have progressed better than anticipated, which has led to
positive net sales and profit development during the second quarter. Therefore,
Raute raises its guidance for both net sales and profit for the full year.

RAUTE CORPORATION
Mika Saariaho
President and CEO

FURTHER INFORMATION:

Mika Saariaho, President and CEO, tel. +358401549393

DISTRIBUTION:
Nasdaq Helsinki Ltd, Main media, www.raute.com

RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover
different production processes with supporting digital and analytics solutions
for engineered wood products. Additionally, we offer full-scale service concept
ranging from spare parts to regular maintenance and modernizations. Our
innovative hardware and software solutions are designed to support our
customers' efficient consumption of natural resources. In mill-scale projects,
Raute is a global market leader both in the plywood and LVL industries. Raute's
head office and main production plant are located in Lahti, Finland. The
company's other production plants are located in Kajaani, Finland, the Vancouver
area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute's net sales in
2023 were EUR 145.4 million. The Group's headcount at the end of 2023 was 754.
More information about the company can be found at www.raute.com.